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Maquetama shares near resistance level
Metacoma Insurance Company's stock has been moving sideways since early March through June, following a sharp decline at the beginning of the year. It reached a support level around 8.25 Riyals. Trading volumes have increased in recent sessions as the stock approaches resistance at 9.54 Riyals. It may surpass this level to approach 9.77 to 10.05 Riyals if it remains stable above 9.04 Riyals. If it fails to stay above the support level, the stock could decline again.
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