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"Advanced" stocks bounce from yearly low
The "Almutaqaddima" Petrochemical stock has experienced a technical rebound from its lowest levels recorded during the year, showing positive signs of momentum improvement after a prolonged decline. The stock managed to break through the upper Bollinger Bands with high trading volume, supported by positive momentum indicators and stability above a key support level at 22.20 riyals. This reinforces the likelihood of the ongoing upward trend, targeting levels between 23 and 24.70 riyals, provided that positive momentum continues and market conditions remain unchanged.
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