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2026-07-27T08:02:52.620Z

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Soliman Al Habib Shares Breakout

Soliman Al Habib Shares Breakout

The shares of Suleiman Al-Habib Medical Services Group succeeded in breaking through the recent descending wedge model in which they had been moving. This followed a series of selling pressures experienced since the beginning of the year. As a result, the stock surpassed the resistance level at 220.80 SAR and closed near 222.50 SAR, strengthening its potential to target higher levels between 228.40 and 237.90 SAR. The upward trend may continue if the stock maintains above the key support at 216.20 SAR. This technical shift comes after a long period of negative fluctuations and indicates an attempt by the stock to regain positive momentum, though risks remain if it falls below the aforementioned support.

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