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Amalik's share hits key support amid rising sales
Shares of Amalak Al-Alamia Financing are under increasing selling pressure, approaching key historical support levels at 8.21 riyals. The bearish trend continues, with negative momentum intensifying. If the stock fails to maintain support at 8.21 riyals, there is a possibility of a decline toward lower levels between 7.80 and 7.60 riyals. Conversely, regaining the resistance level at 8.58 riyals or moving above 9.20 riyals could help reduce downward pressures and restore an upward trend. Technically, the outlook remains bearish as long as the stock stays below critical resistance levels, with selling dominance continuing to influence trading activity.
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