Either break or reject

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The Tadawul All Shares Index (TASI) closed the latest weekly session at 11,225.35 , marking a positive gain of 47.87 points (0.43%) . Currently, the index is testing desending trend line. The index shows low activity with a small candle body which indicated rejection can be seen in upcoming sessions. A bearish pattern is evident until the 10,400 support sustains. The weekly RSI stands at 53.84, while the MACD signals a weak bearish trend, poised for a bearish shift.

Penafian

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