Al-Mutakhassissa stock rebounds from lows

The share price of Almarai Petrochemical Company has risen after reaching a trough earlier this year, as technical analyses indicate a strong recovery and a rebound from the support level at 22.20 riyals. The stock recorded higher levels following an upper breakout of the Bollinger Bands and the stability of momentum indicators in the positive zone, along with increased trading volume, which strengthens prospects for continued upward movement. The upcoming technical targets are approximately 23 riyals, 23.55 riyals, and 24.70 riyals, provided that the main support level is maintained. The positive scenario remains valid as long as the stock stays above the support level, although a potential decline could occur if it drops below 21.65 riyals.

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