24 Hrs
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Yansab shares signal trend reversal
The share of Yanbu National Petrochemical Company "YANSAB" shows technical indicators signaling the end of the corrective wave and a return to the upward trend. It has successfully traded above the 50-day moving average and is expected to continue rising if it exceeds the resistance at 34.50 riyals, with a protective stop at 31.45 riyals. The stock is in a recovery path after hitting an annual low of 23.30 riyals. Analysts target levels between 33.45 and 36.15 riyals, indicating a resumption of the stock's overall bullish trend.
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