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Jabal Omar stock tests MA

Jabal Omar stock tests MA

Jabal Omar Development’s stock has regained its upward momentum, supported by improving momentum indicators and the formation of a higher low. It has held above support at SAR 14.75 and the 9-day exponential moving average at SAR 15.15. The stock is poised to test resistance at SAR 16.50, near the 200-day simple moving average, while price targets include SAR 15.55, SAR 15.95, and SAR 16.70. SAR 14.65 remains the technical stop-loss level; a break below it could weaken the positive outlook.

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