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Research and Media faces support amid selling
The Saudi Research and Media Group's stock is facing technical stability challenges after a continuous decline since the beginning of the year. After nearing a key support zone between 60.70 and 57.10 riyals, cautious technical signals are appearing, with potential for a rise to levels between 64.80 and 66.25 riyals if it can surpass its main resistance. Risks include ongoing trading below 60.10 riyals, which could push the price back toward the support at 57.10 riyals and threaten the continuation of the downward trend. Monitoring support and resistance levels is essential to avoid repeated declines and to potentially reestablish an ascending trend.
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