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Raya share stays above support levels
The article explores the performance of the National Medical Care Company (Raya), which managed to stay above key support levels after sharp declines last month. The stock showed stability near a technical support at 112.50 riyals, with anticipation of breaking the psychological barrier at 120.40 riyals to enhance recovery prospects, with targets reaching up to 131 riyals. Despite attempts at a rebound at the beginning of the year, selling pressures still influence the overall trend. However, the stock is trying to establish a new price base amid continued expectations of a near-term improvement, supported by strong technical support at 112.50 riyals.
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