82 Days
Source:
مباشر
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Cinema Retail stock tests resistance amid rising volume
The stock of Fawaz Abdulaziz AlHokair & Partners (SinoMe Retail) has shown notable gains in recent sessions, successfully surpassing a resistance level at 15.32 SAR after establishing a strong price base above support at 14.27 SAR. Technical analyses confirm that testing the current resistance level and the influx of liquidity reinforce the likelihood of an ongoing upward trend toward targets between 15.93 and 16.25 SAR, with the potential to reach 16.70 and 17.29 SAR if buying activity persists. This performance comes after a period of selling pressure and a decline in support at 15.50 SAR, during which demand zones between 12.00 and 12.50 SAR served as a key turning point. The stability of the stock above 15.32 SAR is considered a positive sign for the short-term outlook.
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