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Thimar share tests resistance after reversal signals
Thamar Development Holding Company's share is experiencing selling pressure and is testing a technical resistance near the 33 riyal level, with bearish reversal signals on Japanese candlesticks. An closing above this level, coupled with active trading volume, is expected to open a chance for a temporary rebound toward 33.78–34.20 riyals, which could support the continuation of the upward movement toward 35 riyals. The stock remains supported at the 31.55 riyal level in the short term, after experiencing a decline in May and maintaining a balance between buying and selling forces.
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