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Al-Masar Al-Shamil shares near support level
Almasar Al-Shamil for Education Company's stock is facing selling pressure after breaking the key support level at 22.15 riyals, resulting in a decline to a demand zone between 20.05 and 20.90 riyals. It closed at 20.89 riyals, with technical patterns indicating trader hesitation, amid attempts to contain the declines and regain buying momentum. Despite previous efforts to break resistance levels, breaking below 20.05 riyals could send the stock into a downtrend, whereas stabilizing above the demand zone might increase the chances of a temporary rebound. The stock's future movement depends on how buying activity interacts with the main support level.
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