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Amiante stock rebounds after stability
The share of Amianteet Saudi Arabia shows technical rebound signals after stabilizing above a key support level of 11.80 SAR, reflecting the stock's ability to break through important resistance levels and the 200-day moving average. This supports expectations of further gains reaching 14.96 SAR, provided that stability above the main resistance levels continues. The price movement was previously affected by selling pressures that began in April 2023, but these pressures have been gradually absorbed as signs of recovery and increased trading volume have emerged. This strengthens the likelihood of resuming the upward corrective trend in the upcoming period.
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