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Jahez Eyes Trend Breakout

Jahez Eyes Trend Breakout

Recent movements in Jahez shares have shown positive technical indicators. The stock formed a low at SAR 9.15, above its October low of SAR 8.48, and the Relative Strength Index is trading above 50, despite the ongoing downtrend that began in June. The stock is trading near SAR 10.09, with resistance at SAR 10.20. A breakout above SAR 10.35 could open the way to targets of SAR 10.65, SAR 10.90, and then SAR 11.40. The stock had fallen from a June peak of SAR 14.70 after attempting to rise to SAR 13.35 in August, before breaking below its trading range of SAR 11.50–12.20.

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