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Comprehensive Path stays above support amid rebound hopes
The shares of Al-Masar Al-Shamel for Education continue to remain above key strategic support levels after significant declines, with investors watching for opportunities to regain upward momentum. The stock attempted to break through resistance at 27.22 SAR but failed, retreating toward a major support level at 24.00 SAR, which coincides with the 50-day moving average. This supports the possibility of resuming an upward trend if the stock can surpass a minor resistance at 24.80 SAR along with an increase in trading volumes. Despite some volatility throughout the year, the overall trend remains upward, provided that trading stays above the 24.00 SAR level, as a drop below this would threaten the short-term positive price outlook.
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