24 Hrs
Source:
مباشر
Salama shares break resistance and test support
The Salama Cooperative Insurance Company's stock exhibited a positive performance after surpassing several important technical resistance levels, particularly the 8.55 SAR mark. This triggered an upward wave targeting levels between 9.21 and 10.21 SAR. However, the stock experienced a temporary pullback to test a key support at 8.55 SAR and needs to stabilize above 9.00 SAR to increase the chances of continued gains. If it breaks through that resistance, it is likely to reach levels of 9.55 and 9.73 SAR. On the other hand, trading below 8.69 SAR could weaken the prospects for an upward move and lead to potential declines towards a support level at 8.53 SAR, with performance exhibiting fluctuations throughout the year due to previous sharp declines.
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