nlcs .qa

[/b1. Overall Trend

Since 2014, the stock has been in a long-term downtrend.

However, from around 2019 it started moving within an upward price channel (support and resistance trendlines).

2. Current Setup

Current price: QAR 0.724 (as of mid-September 2025).

The chart shows a clear ascending channel from 2019 onwards.

The stock is now approaching the upper boundary of the channel around 0.95–1.00 QAR.

Projection on the chart suggests ~35% potential upside if price moves toward the top of the channel.

3. Key Levels

Major Support: 0.65 – 0.68 QAR (lower channel boundary).

First Resistance: 0.85 QAR.

Second Resistance: 0.95 – 1.00 QAR (upper channel).

Breakout above 1.00 QAR could open the way toward 1.20 – 1.30 QAR, but that would require strong volume.

4. Technical Reading

Short- to medium-term bias: Positive, as long as price holds above 0.70 QAR.

Long-term bias: Still weak/neutral unless price breaks and sustains above 1.00 QAR.

The sideways movement inside the channel offers swing trading opportunities between support and resistance.