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Saudi Chemical: Chart indicates that the current trend will continue
Naranj Capital Research Desk
August 20, 2024
The stock price previously consolidated and established a Rounding Bottom pattern.
After the breakout, the stock has embarked on a strong upward trajectory, consistently achieving higher highs and lows.
Recently, with a significant breakout backed by strong volume, the stock has reached its all-time high.
If it can maintain its position above the 11.6 level, we could see even more upward movement in the near future.
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