Nam Tadawul Share Hits Demand Zones

The Saudi Tadawul Group's share faces technical challenges, having experienced a downward fluctuation during recent trading sessions. It is currently hovering around a pivotal demand zone between 113.80 and 115.70 riyals, after breaking important support levels at 130.90 riyals in February. Analyses indicate that the stock remains within a negative trading range and is struggling to regain an upward trend. Investors are awaiting stability above a key resistance at 125.60 riyals to increase the likelihood of a rebound towards levels of 128.20 and 131.10-132.00 riyals. The recovery attempts have paused, contingent on the stock's ability to surpass resistance levels and confirm support for a corrective trend.

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