1 Day
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Nadec Clears Resistance
National Agricultural Development Company (NADEC) broke above the upper Bollinger Band and its 200-day moving average, supported by higher trading volumes, while the MACD indicator showed a bullish crossover. Technical analysis set price targets at SAR 13.05, SAR 13.35 and SAR 14, with SAR 12.30 identified as a stop-loss level; a drop below it could signal a failed breakout. The shift followed the stock’s rebound from an October low of SAR 10.88 and the formation of a higher low at SAR 11.35.
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