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Al-Majid Al-Oudh faces support and resistance
Al-Majid Al-Oud's stock continues its positive performance, attempting to break through a secondary resistance level at 141.90 riyals, after successfully holding support at 135 riyals. The stock experienced fluctuations throughout 2026, trending upward in the first quarter, then facing selling pressures in April and May, before beginning to stabilize near support levels. Expectations remain for upward movement if the stock manages to surpass the specified resistance.
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