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Exciting price developments in Saudi Advanced Industries!
Naranj Capital Research Desk
July 2, 2024
After a significant correction, the price has developed a Double Bottom pattern and signalled a possible trend reversal.
Following the breakout, the price rose but was rejected near the 34 level and entered a consolidation phase.
During this phase, the price formed a Rounding Bottom pattern.
After a strong breakout supported by volume, the price managed to rise, but faced rejection near the 49 level.
After another period of consolidation, the price began to rise again with significant trading volume.
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