Dar Al-Arkan shares test resistance levels
Al Okaran Real Estate Development Company's stock experienced noticeable price movements and positioned itself above key support levels after a period of volatility, supported by a gradual improvement in trading volumes and buying momentum. The stock began to rise in early August, surpassing the 20 Riyal level, before retracing to test a support level at 19.30 Riyals, which proved strong and halted the decline. Technical analysis indicates that remaining above the 19.94 Riyal level may open the way toward resistance levels between 20.40 and 20.74 Riyals, eventually reaching 21.20 Riyals, provided that liquidity continues to flow. Additionally, maintaining stability above 20 Riyals is considered crucial for the stock to continue its upward movement.
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