Najran Cement stock reaches historic low
Najran Cement Company's share hits a historic low at 5.32 SAR, amid the continuation of the downward trend that began years ago, breaking previous support levels. Despite the slowdown in selling momentum and technical signals indicating that the stock may be nearing oversold conditions, the share remains susceptible to further decline, especially if it drops below 5.39 SAR, potentially heading towards lower levels. In the short term, a breakthrough above 5.55 SAR and the anticipated overall gains could indicate a possible rebound towards 6.09 SAR, with support still standing at 5.39 SAR.
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