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Astro's share tests key resistance levels
Astra Industrial Group's stock faces a key technical resistance after attempting to surpass the 135 riyal level, as part of its efforts to regain an upward trend following several years of declines. The stock successfully rebounded strongly from major support zones between 117 and 120 riyals, returning to trade near the 135 riyal level, with signs of improved buying strength emerging. A bullish new trend will be confirmed if the stock breaks through the current resistance and closes above it, targeting levels of 141 and 143 riyals. The trading activity continues to balance around the average volume, reflecting the market's anticipation of a technical catalyst to confirm the trend.
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