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Jajum Pharma Nearing Resistance
Al-Jamjom Pharmaceutics Company's stock shows positive technical signals after rebounding from its lowest levels of the year. It successfully broke through the 9-day exponential moving average, which enhances the likelihood of resuming the upward trend. The stock is currently aiming at a resistance level of 125 SAR, and if it manages to trade above it, it is expected to reach price targets between 128.50 and 137.05 SAR. It is important to monitor the stop-loss level at 120.95 SAR to secure gains. Throughout 2026, the stock experienced a strong upward wave followed by a sharp correction, and it is now in a historical support zone that positions it for further recovery if buying pressures increase.
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