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Knowledge share tests resistance levels
Alam Company's stock is facing technical resistance at the 588.50 riyal level, with attempts to break through the declining channel that previously dominated its performance. However, its movements are still influenced by selling pressures and the push against the 21-day exponential moving average. A confirmed breakout requires meeting all the conditions, especially a close above the upper boundary with high trading volume, to achieve price targets up to 660.50 riyals. Although the stock has experienced sharp declines since the start of 2026, the prospects for a rebound remain contingent on holding above current support levels and confirming the breakout.
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