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Saudi Group shares stabilize after sharp decline
Shares of "Saudi Group" have shown stability and a potential breakout after experiencing sharp declines since June 2026. Recent movement indicates technical signs of diminishing selling pressures and a slowdown in the downward momentum, supported by short-term reversals. Despite continued price declines to lower levels, the Relative Strength Index (RSI) has started to record higher lows, suggesting a decrease in selling strength and the potential beginning of a new upward wave, provided the stock exceeds the 11.95 SAR level with increased trading volume. If the stock can do so, it is expected to target levels between 12.24 and 12.49 SAR, with resistance at 12.64 SAR, while watching support at 11.54 SAR. Breaking below this support could push the stock back into a downward trend or deepen its sideways movement. Overall, technical analysis indicates a possible start of a bullish correction after a wave of declines, with anticipation of price catalysts and suitable trading volume to support a potential positive trend.
Notice: This Is an AI-Generated Summary
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