Amiante share shows signs of recovery

The share of Amianteet Arab Saudi successfully held above the key support level of 11.80 SAR, leading to the start of a technical rebound after a period of deteriorating performance since the beginning of the year. Prices increased and surpassed the 12.33 SAR level, opening the way for further upward movement toward an initial target of 13.28 SAR, with resistance levels expected between 13.60 and 14.96 SAR. Analysts believe that stability above resistance levels will enhance the likelihood of testing higher price points, supported by increased trading volumes and the stock’s alignment with positive technical results.

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