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This was established in January 1986 with the main objective of setting up an advanced pharmaceutical industry in the Kingdom of Saudi Arabia, for the local production of pharmaceutical products and medical appliances and to market these products inside the Kingdom and abroad.
SPIMACO —  TASI —
There is a breakout occurred at Stochastic graph which also testifies that price might be going upside.
MACD line is about to cross the signal line, which can be considered as a positive signal.
Currently the price closes above the 10 & 20 SMA, signals positive sentiment for which the buyers can be benefited.
Based on our Saudi Tadawul stocks advice, Saudi Pharmaceutical Industry & Medical Appliances stock price target will be SAR 38 - SAR 39 in the next 10-12 trading sessions.
Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.
Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.
Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.
If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website
