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2026-11-08T10:23:43.320Z

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Wafrah Shares Eye Rebound

Wafrah Shares Eye Rebound

Wafrah’s share continues to trade in a downtrend under selling pressure, remaining below its moving averages despite an attempt to form higher lows that could signal a technical rebound. A break above the 17-riyal resistance, supported by higher trading volume, is needed to target 17.42–17.74 riyals, followed by 18–18.38 riyals if momentum continues. Holding above support at 16.45 riyals would limit the risk of further declines, while a break below it could lead to a test of the 16-riyal level.

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