Almarai’s strong breakout could lead to a significant upward trend

Naranj Capital Research Desk
July 9, 2024

Before the price struggled to break through its trendline resistance, being rejected multiple times.
From the below, the 52 level has performed as a strong support for the price.
With a recent breakout and strong volume, the price was able to break through its trendline resistance.
To continue moving higher, the price needs to maintain this breakout level.

0 0 votes

Article Rating

Subscribe

0 Comments

Join Our Telegram Channel for Saudi Stock Market Update

Recent Articles

TASI Extends Winning Streak — But This Week Could Change Everything

Naranj Research Desk
Apr 5, 2026

TASI Reclaims 11K, Resistance in Sight

Naranj Research Desk
Mar 29, 2026

TASI Rebounds, Yet Uncertainty Continues to Loom Over the Market

Naranj Research Desk
Mar 8, 2026

Saudi Aramco: Breakout Brewing as Geopolitics Fuel Momentum

Naranj Research Desk
Mar 4, 2026

Saudi Market Under Stress: TASI Faces Tough Week Ahead

Naranj Research Desk
Mar 1, 2026

TASI Falls Below 11,000 as Selling Pressure Builds

Naranj Research Desk
Feb 22, 2026

Join Our Telegram Channel for USA Stock Analysis Update

Saudi Stock Analysis

TASI Finally Bounces. Recovery or Just a Temporary Pause?

Naranj Research Desk
Jul 26, 2026

Tadawul trade advice (A): Saudi software & services stock | 5-6% target | KSA stock trading signal on 20 Jul 2026

Naranj Research Desk
Jul 20, 2026

TASI Nears a Critical Support Zone. Will Buyers Finally Step In?

Naranj Research Desk
Jul 19, 2026

TASI Weakens as Selling Pressure Builds: Key Support in Focus

Naranj Research Desk
Jul 12, 2026

TASI Breaks Support. Is More Weakness Ahead?

Naranj Research Desk
Jul 5, 2026

Tadawul trade advice (A): Saudi food & beverages stock | 5-6% target | KSA stock trading idea on 29 Jun 2026

Naranj Research Desk
Jun 29, 2026

Join Our Telegram Channel