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2026-11-08T08:41:39.439Z

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Thimar Breaks Resistance

Thimar Breaks Resistance

Thimar Development Holding Company’s stock broke through resistance at SAR 28.40, trading at SAR 28.45, supported by a positive candlestick and bullish crossovers in the 9- and 21-day exponential moving averages and the MACD. The improvement follows a decline from a July peak of SAR 43.50 to an October low of SAR 24.70. The next targets are SAR 29.20 and SAR 29.90, followed by SAR 31.30 if the stock moves above its 200-day moving average. The key support level is SAR 26.35, while the stop-loss has been set at SAR 27.30; trading below that level could revive the bearish scenario.

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