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Al-Ittihad Breaks Higher

Al-Ittihad Breaks Higher

Al Etihad Cooperative Insurance Company’s share broke above the upper Bollinger Band, reaching SAR 5.65, alongside a bullish MACD crossover after bouncing off support at SAR 5.30. These technical signals may indicate a return of buying momentum. Upside targets are SAR 5.80 and SAR 5.95, followed by SAR 6.25 if the share rises above its 200-day moving average. SAR 5.45 has been set as the stop-loss level.

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