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Al-Ramz's share tests resistance amid recovery
The share of AlRamz Real Estate Company is currently trading near a pivotal resistance level around 55.50 riyals, after successfully regaining positive momentum in recent sessions supported by increased trading volumes and a break above the 52.00 riyal level. Support levels remain at 53.70 riyals. If the stock manages to break through that resistance and stays above it, it aims for higher levels between 56.85 and 58.70 riyals, with the possibility of reaching the 60 riyal mark. Investors are advised to update their profit protection levels to safeguard gains. At the beginning of the year, the stock recorded a low of 51.00 riyals, and its fluctuations caused it to break support areas, hitting a bottom at 49.04 riyals before starting a new recovery wave.
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