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AMAK Stock Clears Levels

AMAK Stock Clears Levels

Almasane Alkobra Mining Company’s (“AMAK”) share broke through minor resistance at SAR 60.30, bolstering its upward momentum and driving it to the technical target of SAR 65.70. Holding above SAR 68 is a prerequisite for a move toward SAR 69.60–71.05, with a possible rise to SAR 73.90 if buying strength continues. Despite the rebound, the share remains within a previous downtrend, having fallen from a January peak of SAR 117.50 to SAR 59.25. Profit-protection levels have been set at SAR 64.90.

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