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Alinma shares hold support levels amid bullish signals
Alinma Bank's stock has remained stable above key support levels and moving averages, with a positive performance in August supported by the strong upward trend since the beginning of the year. The stock started recovering from the 19.80 Riyal level in January, as it broke through major resistance levels and trading volume increased, enhancing the prospects for continued upward movement toward levels between 26.94 and 27.38 Riyals in the short term. Maintaining support at 24.62 Riyals is important to confirm the continuity of the positive trend.
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