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Al-Tatweeriyah Al-Ghadhaiyah tests new resistance levels
Al Ammar Food Development Company’s share is attempting to breach new resistance levels following positive technical rebounds, but it remains under downward pressure that began in July from a peak of 105 riyals down to a low of 75 riyals in October. Technical signals indicate a potential bullish momentum, with initial targets at 85.60 riyals and then 87.65 riyals. The 91.90 riyals level is watched as a key short-term goal, close to the 200-day moving average, while the 80.40 riyals zone is considered a critical stop-loss point.
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