Al-Dawaa share remains stable within upward channel amid anticipation of renewed momentum

The share of the Saudi Pharmaceutical Industries and Medical Equipment Company (Dawaee) has been trading within an upward channel, despite selling pressures, holding firm at important support levels near 28.15 Riyals. Its performance has shown sideways movements due to declining momentum and decreasing trading volumes. Continued improvement is expected to require a breakthrough above 29.30 Riyals, with the potential to reach higher resistance levels between 29.92 and 30.65 Riyals, provided that liquidity continues to flow and support levels are maintained.

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