Azm shares challenge key resistance

The performance of Azm Saudi Telecommunications and Information Technology Company's stock showed positive signs at the beginning of September, as it rose from a low of 20.20 SAR to reach 28.90 SAR, marking the highest level in the current wave. Bullish momentum improved, evident through technical patterns such as the "bullish engulfing" and positive MACD crossovers. The stock appears set to test a historical resistance at 28.90 SAR. If the stock remains above the 28.30 SAR level, it may test higher levels of 29.10 and 29.95 SAR. Conversely, breaking below support at 27.50 SAR would indicate weakening of the upward movement.

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