"Saudi Pipes" Tests Key Resistance
The share of Saudi Pipes is testing key resistance levels while maintaining its price above an important support. It closed at 56 riyals, with traders awaiting a breakthrough of the resistance level at 56.80 riyals to strengthen chances of continued upward movement. Expectations are set for targets at 58.15 and 59.65 riyals if positive momentum persists, amid volatile movements since the beginning of the year and performance linked to breaks of key support and resistance levels.
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