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Yamama Cement tests 21.53 Riyals resistance
Al Yamama Cement Company's share is experiencing downward pressure and was able to test a resistance level at 21.53 riyals, amid a temporary improvement in performance and active trading. However, it remains under the grip of the overall downward trend, which is struggling to break and regain upward momentum. Success in breaking through the resistance and the support level at 20.65 riyals will determine the possibility of reaching higher target points ranging between 22.03 and 23.65 riyals. Continued liquidity and confirmed breakouts are necessary to ensure ongoing recovery. The future of the share depends on the buying forces' ability to regain balance and surpass resistance zones, especially after a strong decline in October and breaking the previous support level at 21.70 riyals.
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