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Astra Industrial shares test resistance amid rising volume
Astra Industrial Group's stock has shown a significant improvement following a period of selling pressures that persisted since February 2026. The stock managed to stabilize above the 50-day moving average and a secondary downward trend line, suggesting an attempt to regain balance and potentially exit the downtrend. This shift coincided with an increase in trading volumes, indicating the entry of new buying forces. The share is expected to target a main resistance level at 140.10 riyals. If it successfully surpasses this level and remains above it, it could aim for levels between 143.20 and 147.10 riyals, with another resistance at 151.70 riyals. The main support remains at 135.00 riyals, and maintaining this level is essential to continue the upward trend amid a sideways movement within the stock's price range during 2024.
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