The Tadawul All-Share Index (TASI) ended the week calmly, rising 0.32% to close at 10,527 points. Price movements remain volatile, but market structure is gradually improving.

On the daily chart, TASI has formed a double bottom pattern near a major support area, indicating that the trend may reverse once the neckline is breached.

Key levels of monitoring:

● Immediate resistance: 10,760
● Key resistance level: 11,000 points (a decisive breakthrough of this level will confirm the reversal)
● Strong support level: 10,400–10,500

expect:

Saudi markets are likely to remain calm heading into the final week of the year. There may not be significant price movement until there is a clear break or break above these levels.

strategy:

Be selective when making your choices. Focus on stocks that are technically strong and have bounced off support levels, as they could be the main movers in the market if the index rises.

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