MUFG shares close above resistance
Mabco Company's share recorded a positive performance, surpassing the resistance level of 18.65 riyals, supported by high trading volumes. This suggests the potential continuation of the short-term bullish wave, aiming for higher levels reaching around 19.09 riyals. However, challenges remain in maintaining the overall downtrend, which could only change if the stock successfully breaks through its main resistance near 21.70 riyals and sustains above it.
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