Almarai’s strong breakout could lead to a significant upward trend

Naranj Capital Research Desk
July 9, 2024

Before the price struggled to break through its trendline resistance, being rejected multiple times.
From the below, the 52 level has performed as a strong support for the price.
With a recent breakout and strong volume, the price was able to break through its trendline resistance.
To continue moving higher, the price needs to maintain this breakout level.

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