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JACO Stock Eyes Recovery

JACO Stock Eyes Recovery

Qassim Holding for Investment’s (“JACO”) shares are testing key technical levels after holding within a support zone of SAR 8.80–9.34. Signs of a short-term rebound have emerged, although the secondary downtrend remains in place. For the recovery to continue, the share price must hold above SAR 10.19, potentially opening the way to SAR 10.44–10.69, followed by SAR 10.95–11.24. A drop below SAR 9.79 could renew selling pressure. In the medium term, a break above SAR 14.45 remains necessary for a clear shift to an uptrend.

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