Al-Mamlakah stock surpasses resistance amid higher volume

The Kingdom Holding Company’s stock continues its recovery and is breaking through important resistance levels, supported by increased trading volumes and liquidity. There is a trend towards achieving new target prices ranging between 13.38 and 14.35 riyals. The stock has maintained an upward trend since the beginning of 2024, staying close to the support level at 11.00 riyals, and is preparing to test new resistance levels at 14.11 and 14.35 riyals. It is essential to set protective levels at 13.38 riyals to preserve gains. The current momentum and support levels play a crucial role in the ongoing rise of the stock, amid expectations of further positive movements.

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