24 Hrs
Source:
مباشر
Raya's Price Gains on Supply Zone Expectation
The shares of National Medical Care Company (Raya) achieved a positive performance during August, managing to surpass the resistance level at 122.40 SAR and move toward price targets reaching up to 127.70 SAR, with the potential for the upward wave to extend between 130.70 and 132.80 SAR if it can break through and trade with high volume. The stock has overcome its long downward trend that started earlier this year, following a correction attempt in January, before beginning to form a new price base and strongly rallying in August. It is emphasized to monitor the support level at 122 SAR, as a decline below it could weaken prospects for an upward move, while the main resistance level at 138.20 SAR remains a barrier to restoring the long-term upward trend.
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