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Inaya shares stay above support amid recovery hopes
The stock of Care Insurance Cooperative Company still maintains its resilience near the key technical support level at 8.55 riyals, despite the correction wave experienced in July. The stock shows signs of gradual improvement in buying momentum along with increasing trading volumes. Surpassing the 9.84 riyals level and closing above it is seen as a key to resuming the upward trend, with initial targets between 10.07 and 10.87 riyals. Meanwhile, the 9.38 riyals level remains an important support in the short term. Since the beginning of the year, the stock started near 6.40 riyals and experienced an upward wave with enhanced liquidity, before entering the July correction. The stock remains poised to regain its bullish momentum if it breaks through key resistance levels.
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