Shams stock analysis

There are many expectations for a decline in Shams stock when the resistance is fixed at 187.15 riyals. It is observed in the charts of Shams Company shares that one of the shares is trending upward after the end of its corrective movement at the level of 31 riyals.
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The stock completed its upward movement and recorded its first peak at the level of 143.27 riyals, after which it recorded a decline to the level of 103.69 riyals, and from this level it rose to the highest level it reached at 240.60 riyals, and then declined and the current price of the stock stabilized at the level of 180.20 riyals. .

The price of Shams stock is currently changing, and if its movement remains below the resistance area of 187.15 riyals, Shams stock will return to resume its corrective movement to reach the 158 riyal areas.

Technical indicators indicate a continuation of the negative results of the movement of the Relative Strength Index, and this increases expectations and confirmation of the negative outlook that was suggested, and the positivity of stocks when they penetrate the resistance area is 187.15 riyals.

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