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Americana shares reach key technical levels
The share of Americana International Restaurants successfully broke through the main descending trend line extending since July 2025. It surpassed the resistance level of 1.92 riyals and is currently testing the 2.06-riyal level, which represents a key technical resistance and a significant psychological point. There are expectations of reaching targets up to 2.37 riyals if it stabilizes above these levels. The stock's movement during 2026 started at low levels and experienced a lack of purchasing momentum before managing to break the downtrend in June, which could pave the way for further upward movement if trading stabilizes above these resistance levels.
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