Al-Hamadi's share tests key resistance after trendline breach
Al Hamadi Holding Company's share is moving positively after breaking through a secondary descending trendline. It is currently trading around a pivotal resistance at 28.90 Riyals, with the potential for continued upward movement toward the 29.60–30.50 Riyal levels, provided the price remains above the main support level at 27.70 Riyals. The stock's performance in 2026 shows a gradual improvement after a period of selling pressure, and technical analysis indicates a positive outlook in the short term.
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