During the recent trading sessions, Misk Tadawul’s stock recorded a noticeable increase, as it was able to achieve new gains amounting to 0.19%, which is equivalent to 4 halalas per share. With this rise, the stock was able to confirm the breach of the downward corrective trend line with continuous support from the stock’s trading above the simple moving average, and it can be noted Positive crossovers have appeared in the relative strength index of Misk stock, and accordingly, experts and analysts expect the stock to move higher during the coming trading sessions.
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By following the performance chart of Misk Tadawul shares, we find that shares trended upward, after rebounding from the support point formed at 6.48 Saudi riyals. Misk stock trended upward until it recorded its highest peak at the resistance level of 17.50 riyals, and then the stock recorded a decline at The level of 12.30 riyals, then it rebounded again at the level of 17.60 riyals, but it was unable to penetrate it, so the stock fell again to the level of 13.70, from which it rebounded until it continued to rise to the level of 27.10 riyals, then the stock retreated to the area of 15.98 riyals, from which the stock rebounded and rose to the area of 22.16 riyals, and from Then the stock declines again to trade in a stable horizontal range at the level of 20.98 Saudi riyals.