Alinma Bank enhances its gains – Morning Analysis – 18-05-2021

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Thank you for reading a news story about Alinma Bank that strengthens its gains – Morning Analysis – 18-05-2021 and now with the details

Dubai – Bassam Rashid – Forex News Today, the share of Alinma Bank rose (1150) in its recent trading at intraday levels, to achieve new gains in its last session by 1.95% to gain the share about 38 halalas, in light of the dominance of the main upward trend in the medium and short term alongside A slope line, and with continuous positive pressure, for its trading above its simple moving average for the previous 50-day period, and we notice the emergence of a positive crossover in the RSI indicators.

Therefore, we expect a further rise for the stock during its upcoming trading, especially if it breaks the resistance 20.10, then targets the resistance level 21.18.

The expected trading range for today is between the support level 19.32 and the resistance level at 20.50.

Haitham Haroun

Haitham Haroun

Bachelor of Education and Master’s in Tourism Sciences from Luxor University, specializing in tourism sciences and TV and journalistic news editing.





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