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Entaj Retests Key Support

Entaj Retests Key Support

Shares of the Arab Agricultural and Industrial Investment Company, “Entaj,” fell under selling pressure, retesting a technical demand zone between SAR 18.52 and SAR 18.25 after stalling near resistance at SAR 19.20. A hold in this zone, alongside improved trading activity, could pave the way toward SAR 18.97 and then SAR 19.39, followed by resistance at SAR 19.87. A drop below support at SAR 17.90, however, could renew selling pressure. The stock recorded an all-time low of SAR 16.50 in October, while resistance from the long-term downtrend remains at SAR 30.

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