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Al Riyad stock nears key resistance levels
The article indicates that the Riyad Bank stock is approaching its important resistance level at 20.64 SAR, after a period of fluctuations within a continuous sideways range since June 2026, where buying and selling pressures are balanced. Analysts suggest that breaking this level, provided there is a daily close above it and an increase in trading volume, could trigger an upward trend targeting levels between 21.11 and 21.48 SAR, with the possibility of reaching 22 SAR if buying momentum continues. It is also noted that the stock's overall movement shows a positive long-term trend, though the market needs new liquidity to fuel further gains, especially after a correction wave in April and July. Emphasis is placed on surpassing the resistance at 21.70 SAR to restore strong bullish momentum.
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