An'am Holding's share recovers above support

The share of Ennajem International Holding Group experienced a technical rebound from its secondary support levels, settling close to 12.06 SAR, supported by positive technical indicators, such as the maintenance of moving averages and the formation of higher lows. The technical analysis confirmed the stock's successful rebound from the 11.75 SAR level, with an improvement in the Relative Strength Index, which remained above 50 points. The stock is expected to face resistance levels at 12.50 SAR, and if it successfully surpasses them, it could reach 13.00 SAR and 13.40 SAR. It is crucial to protect the 11.75 SAR level to avoid a downward correction. This year, the stock rose from 9.45 SAR in March to 13.40 SAR in July, despite some corrections.

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