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Gas Holding Share Rebounds
The share of Al-Gharaz and Manufacturing Holding Company "Al-Gharaz Holding" is showing an attempt to recover from the recent downtrend, as positive technical indicators indicate a slowdown in selling momentum and the potential for a price reversal. After a sharp decline, the stock rebounded from a key support level at 76.40 riyals, but it later fell again and broke a major support level at 62.30 riyals, confirming its continuation in the secondary downward trend. If it stabilizes above the 59.40 riyal level, it is expected to move towards resistance levels between 60.80 and 61.95 riyals, with a possibility of testing the 63.70 riyal level if positive momentum persists.
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