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Food Development share breaks trend
The stock of Al-Tatweeriyah Food Company has begun to break through a second descending trendline, showing signs of improved momentum and technical support for a potential rise beyond the 98.25 riyals level. There is a possibility for the stock to reach higher levels ranging between 103.80 and 105.80 riyals, provided that support at 94.25 riyals is maintained. The stock experienced fluctuations throughout the year, rebounding from the 82.10 riyals level, with a relatively balanced outlook in recent periods. The 101.70 riyals level is considered an important monitoring point for the stock's future direction.
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