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Fibco shares test resistance levels
The share of Packaging Materials Manufacturing Company "Vibco" is testing important technical resistance levels, having recently shown positive movements amid signals supporting a regain of upward momentum. After surpassing the first resistance level at 36 Riyals, it is currently facing a key resistance around 36.98 Riyals. If this is broken with increasing trading volumes, the stock could head towards supply zones between 37.84 and 38.15 Riyals, with expectations of further upward movement to 39.50 Riyals if buying support persists. Technical indicators such as RSI and ADX point to strong buying momentum, supporting the continuation of the uptrend.
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