Riding the Upswing: Dar Al Arakan and Naseej Displays Bullish Tendencies

Dar Al Arakan (Tadawul 4300)

• Following an extended period of consolidation, the stock price has developed an Inverted Head & Shoulders pattern.
• With the recent breakout, the stock is poised for upward movement.
• The rise in trading volume, coupled with the increasing stock price, indicates growing interest from buyers.

Naseej (Tadawul 1213)

• The stock price faced significant resistance around the 88.5 level, resulting in a downward trend marked by several fluctuations.
• However, a recent breakthrough above the trendline resistance has allowed the price to reach new highs.
• It's crucial to recognize that there is immediate resistance just above this point.
• If the price can break through and hold above this resistance, we may see a further rally.