Shaker – High Volume Reaction from SupportAl Hassan Ghazi Ibrahim Shaker Co.TADAWUL:1214FaisalKSA Shaker is starting to show an interesting reaction after a long downtrend. The stock recently tested the 11.23 support area and reacted strongly. What caught my attention is the volume: the latest weekly reaction came with around 18.1M shares, significantly above the recent average. For me, this is an important sign that selling pressure may be getting absorbed around these levels. The current price is 12.05. Technically, I am watching the following levels: 11.23 → Major support 12.21 → First resistance 13.00–13.22 → Key resistance / confirmation zone 14.40 → Main technical target There are two possible scenarios from here. The stock may continue higher directly, or we could see another retest of the 11.23 area before the next move. I am comfortable with both scenarios as long as 11.23 continues to hold. The important confirmation for me would be a weekly close above 13.22 supported by strong volume. If that happens, I expect the next move toward 14.40. From a fundamental perspective, the recent 2026 results show improvement in the business. Based on my current valuation, I see the fair value around 16–18 SAR, assuming the improvement in earnings continues over the coming quarters. So at current levels, I prefer gradual accumulation rather than entering with a full position. A clear weekly breakdown below 11.23 with strong selling volume would invalidate this technical scenario and require a new assessment.