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Arab Sea Tests Resistance

Arab Sea Tests Resistance

Arabian Sea Information Systems’ stock tested minor resistance at SAR 3.94 after opening with an upward gap, while a series of higher lows may signal improving momentum. A break above SAR 3.94 and a sustained hold above that level—particularly on the two-hour timeframe—would be needed for the rally to continue toward SAR 4.04–4.10, followed by SAR 4.18 and SAR 4.33 if buying activity persists. The bullish scenario depends on holding support at SAR 3.79; meanwhile, the stock remains within a broader consolidation range of SAR 3.44–4.44.

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