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Shares of the Arab Company for Technical Commitments showed positive movements, rebounding from their lowest levels of the year after a sharp decline that caused more than two-thirds of their market value to be lost. This comes in conjunction with breaking through the midpoint of the Bollinger Bands and an improvement in the RSI relative strength index, opening up the possibility of an increase toward levels reaching 44.75 riyals if positive momentum continues. Meanwhile, data indicate a test of a significant support level at 38.90 riyals, and closely monitoring this level is typically essential to prevent a return to the downward trend.
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