Al Development's shares trend upward
Alinma Bank's stock has shown positive movements in recent trading sessions, taking on an upward trend with higher highs and higher lows, which supports the continuation of buying momentum and higher price targets. The stock is currently trading at 24.65 Riyals, aligning with the 50-day exponential moving average, demonstrating an ability to form higher highs and higher lows despite declining trading volumes. It is expected to test the resistance level at 25.05 Riyals, with potential to reach 26.00 Riyals and 27.42 Riyals as future targets, provided the buying strength persists. Support is seen at 23.90 Riyals, which warns of a possible trend reversal if broken.
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