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Shaker's share drops below key support
Al Hassan Gazi Ibrahim Shaker's share is experiencing strong selling pressures that have led to a break of important support levels. It settled at 10.70 SAR after relinquishing the pivotal support at 11.23 SAR, which reinforces the dominance of the downward trend and raises expectations of continued decline toward lower support levels at 10.51 SAR and 10.03 SAR. Technical analyses indicate strong bearish momentum, with indicators continuing to show that the downward trend remains robust. A change in trend will only be considered if there is a closing above 11.23 SAR to halt the decline and restore buying momentum.
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