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Al-Jawf share tests resistance levels
The Agricultural Company Al Jouf's stock is exhibiting technical preparations to face a secondary resistance level around 41 riyals, following a period of selling pressure that led to its decline from previous highs. It is expected to trade within a short-term target range between 41.84 and 42.74 riyals, with potential for further gains if it breaks through the resistance with increased trading volume. However, a decline below the support level of 39.60 riyals could push the stock back into a downward trend and reduce the chances of a rebound.
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