Al-Fakhariya Share Faces Resistance Levels
The shares of Saudi Ceramic Pipes Manufacturing Company are testing key resistance levels after their recent rise amidst a try at upward correction. The stock has managed to surpass the secondary resistance level at 19.19 SAR and is currently approaching 19.40 SAR, opening the possibility of targeting price levels between 19.88 and 20.38 SAR. Despite short-term positive signals, the stock remains within a primary downward trend that has been ongoing since 2025. Currently, it has support at 18.60 SAR; a break below this level could bring the stock back to 18.11 SAR.
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