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Al-Fakhariyah's share tests support level amid upward trend
The Saudi Ceramic Pipes Company’s stock experienced a noticeable rise after testing the upward price gap that was formed with the market open, following its surpassing of the previous resistance level at 19.19 SAR. The stock successfully achieved its target price of 21.59 SAR before entering a corrective wave on an upward price gap, with expectations of continuing its ascent if support at 20.78 SAR is maintained and the level of 22.00 SAR is broken. This could open the way to reach levels between 22.52 and 24.49 SAR, provided buying pressure persists. Historically, the stock in 2026 showed upward rebounds followed by selling pressure and sideways volatility, with signs of an attempt to change the trend by overcoming resistance at 20.95 SAR. However, monitoring support at 20.78 SAR and resistance at 24.50 SAR remains crucial to ensure the continuation of the upward trend.
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