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Care's stock faces key resistance in recovery
The shares of National Medical Care are testing key resistance levels after an attempt to regain upward momentum. The price is near a secondary resistance level around 115 riyals, and a successful breach of this level with strong trading volumes could open the door to targeting areas between 117.70 and 120.70 riyals, and possibly higher if buying momentum continues. Despite maintaining a downtrend in the medium term and the price falling below the 200-day moving average, recovery prospects depend on holding support levels at 110.50 riyals. Failure to do so could lead to further decline. Historically, the stock suffers from a primary downtrend, with correction attempts beginning since early 2026, and currently, 138.20 riyals remains its main resistance level.
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