City of Knowledge shares rising
The share of City Development Company continues to rise after positive shifts in its technical performance, surpassing the 17.10 riyal level, achieving jumps supported by strong buying momentum and high liquidity. The stock has begun to recover from a declining price channel in 2026, after breaking through important resistance levels, including 13.18 and 14.50 riyals. This has reinforced expectations of further increases to levels between 17.64 and 18.10 riyals, with the potential to reach 18.65 riyals if momentum persists. It is emphasized that raising the profit protection level to 16.00 riyals is important to avoid market fluctuations and ensure stability in gains.
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