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Mutawara Share Stays Above Support
The article examines the performance of the Saudi Advanced Industries Company stock, "Matowara." The stock is attempting to regain bullish momentum and is holding above key support levels, despite the ongoing downtrend on the medium-term horizon. Near the 15.00 SAR level, the stock has closed above the previous support at 14.90 SAR, with technical signals supporting the possibility of an upward move towards 15.41 SAR and 15.80 SAR, provided it breaks the resistance level at 15.05 SAR and trading volumes increase. Conversely, if the 14.40 SAR level is broken, downside pressure could reemerge. Since the beginning of 2026, bullish momentum has declined. Although the stock rebounded from support at 13.60 SAR, continuing weak momentum might bring it back under downward pressures, according to technical analysis.
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