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Anabib Holds Key Support

Anabib Holds Key Support

The Arab Pipes Company (“Anabeeb”) stock held above support at SAR 4.05 after testing it twice, and rose in the November 10 session amid higher trading volumes. The moving averages and MACD also point to an improving short-term trend. Further gains depend on breaking above the SAR 4.48 high, with technical targets at SAR 4.43, SAR 4.55 and SAR 4.75. The stop-loss level was set at SAR 4.15.

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