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Sumou Stock Breaks Higher
Smo shares broke above the 24-riyal level and the descending trendline that had been in place since June 2026. After reaching their previous target of 25.97 riyals, they closed the session at 26.28 riyals, supported by higher trading volumes and buying momentum. Technical analysis points to a next target of 27.20 riyals, followed by resistance at 28.20 riyals. It also recommends raising the profit-protection level to 25.95 riyals in case of volatility or profit-taking. The rise follows a decline that bottomed at 20.35 riyals in October, with a rebound beginning in early November.
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