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Gharib's share rises with higher trading volume
Jarir Marketing Company's stock has recently shown a positive performance, with technical data indicating buying flows that pushed the price up to 16.36 riyals. This reflects a regain in buying strength and improved momentum, supported by a positive crossover between the 9-day Exponential Moving Average and the 200-day Simple Moving Average, along with the MACD indicator rising above the zero line. The stock is expected to target resistance levels at 16.85 riyals, and if it manages to stay above this level, it could continue rising to 17.15 or 17.75 riyals. Meanwhile, the 16.00 riyal level remains a vital support. The overall trend for the stock remains bullish throughout 2024, with a gradual price movement from a low of 12.70 riyals to a high of 17.90 riyals.
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