Mecca share targets resistance levels

The Makkah Construction and Development Company’s stock is aiming to break through resistance levels after bouncing from a bottom near 75.40 SAR. It has experienced a volatile weekly performance within a range between 72 and 95 SAR. The stock made an attempt to recover supported by high trading volume and an upward price gap. To confirm an upward trend, it needs to surpass the 77.50 SAR level, with target prices reaching up to 85.60 SAR. If it fails to do so and drops below 75.30 SAR, selling pressure could continue, pushing the stock back toward the main support at 72 SAR.

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