Cinemas Centers Edge Towards Recovery
Al-Mkarrizat Arabiya Company's share of "Sineomi Stores" has begun a technical rebound attempt after reaching its lowest historical level, surpassing a temporary resistance at 16.55 riyals with increased trading volumes, despite opening with a downward gap near 15.77 riyals. The stock is expected to remain in a downward trend unless it manages to break through the key resistance level at 18.05 riyals. There is also a possibility of continued upward correction if it stays above 16.55 riyals. This analysis follows a sharp decline that pushed the stock to record its lowest price in July at 15.43 riyals.
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