Sabic's share aims to stay above key support level after recent decline

Saudi Aramco's stock attempted to stabilize above a significant support level after a sharp decline in June, when the price fell to around 51.50 Riyals before showing signs of relative stabilization. Currently, the stock needs to close above the resistance level of 52.50 Riyals to qualify for further gains targeting between 53.50 and 54.15 Riyals. Conversely, losing the support at 51.50 Riyals could lead to a deeper decline toward 50.60 and 49.05 Riyals. Overall, the technical performance remains negative, with weak capacity to break through the main moving averages.

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تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

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