Azm’s shares near critical resistance

The share of Azm Saudi Arabia for Communications and Information Technology experienced a significant technical reversal by breaking through its main downward trendline, which had dominated its performance since the last quarter of 2025. This came amid a gradual increase in liquidity levels and trading volumes, as it approached important resistance zones at 25.34 SAR. The continuation of the upward momentum and a stable breakout above this resistance are seen as potentially opening the way toward higher levels between 25.94 and 26.62 SAR, with a target at 27.42 SAR. The 23.63 SAR level serves as a key support, while a decline below 20.62 SAR could indicate weakening buying pressure and a resumption of the downward trend. These movements are considered a positive indication of the stock beginning to recover after a period of selling pressure, with the expectation that its upward performance will continue if it maintains the defined support and resistance levels.

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