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Sa Represses "Sinaa'at" Faces Technical Recovery
The share of Advanced Building Industries faces a period of technical caution after significant declines, as technical indicators suggest a potential bullish rebound if positive signals are confirmed. The stock is currently moving within a consolidating range near a key resistance level at 28.72 riyals, with possible price targets between 29.46 and 30.18 riyals, provided trading volume supports these moves. In the long term, the overall trend remains bearish as long as the stock continues to trade below the 200-day moving average.
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