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Jahez Forms Higher Low

Jahez Forms Higher Low

Jahez shares have shown signs of improving buying momentum after forming a higher low at SAR 9.15, above the previous low in October, while the Relative Strength Index moved above 50. The stock is trading near SAR 10.09 after falling from SAR 14.70 in June to SAR 8.48 in October. It faces resistance at SAR 10.20, followed by the SAR 10.35 area. A breakout above these levels could open the way to targets at SAR 10.65, SAR 10.90, and SAR 11.40, although the improvement remains an early signal within a broader downtrend.

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