Retal shares approach key support levels
The article concerns the performance of Retail Real Estate Development Company’s stock in the Saudi market. It has faced selling pressure, leading to a break below the support level at 10.60 SAR and reaching key support zones between 9.25 and 9.38 SAR. Despite the decline, technical indicators such as a rising positive divergence in the Relative Strength Index (RSI) suggest a potential bullish rebound if certain technical conditions are met—specifically, closing above 9.65 SAR accompanied by a notable increase in trading volume. It is also noted that the stock started 2026 on an upward trend before entering a consolidation phase, now in a stage that requires specific technical criteria to resume its upward trajectory. The forecast indicates that, if the necessary technical conditions are fulfilled, the stock could achieve price targets ranging from 9.86 to 10.70 SAR.
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