Saudi Steel Pipes – Price Breakout Alert!

Naranj Capital Research Desk
July 2, 2024

The price was consolidating before.
Following a breakout, the price surged sharply to hit a new all-time high close to 94.
Afterward, the price experienced a notable correction, dropping by almost 30%.
Eventually, the price found support near the 65 level.
Despite attempting to rise again, the price was rejected.
Recently, there was a breakout with strong volume support, causing the price to move upwards.

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