Trading analysis

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Observing the performance of Tihama stock during the last trading sessions, we notice that Tihama trading is moving in a downward direction during the short term. If the stock continues above the support point of 122.60, this will push it to target point 135.20, thus exceeding the target of 139.60, then the target of 146.20, but if the stock manages to maintain the support level current without breaking it down.
تحليل سهم تهامة
Tihama Tadawul stock is now trading in an upward correction movement, as we find the stock stable above the ascending trend line in the correction movement. Therefore, it is expected that the Tihama Tadawul price movement will rebound to target the price level of 143 riyals, and then target the price level of 146.30 Saudi riyals.

In its last trading sessions, Tihama stock rose slightly at the intraday levels with the ascending corrective wave taking control in the short term, so that the stock was able to achieve slight gains of 0.71%, making the stock gain worth one riyal. The stock rose influenced by relying on the support of the simple moving average, which gained The stock has positive momentum with positive signs on the Relative Strength Index.

Accordingly, experts’ expectations indicate that Tihama stock will rise during the trading sessions in the coming period as long as the support level remains stable.