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Al Nahdi shares approach key support levels
Al Nahdi Medical Company’s stock is experiencing selling pressure and technical fluctuations, currently stabilizing around a key support level at 91.00 SAR after declining from a higher level near 92.70 SAR. Although it has maintained this support, technical indicators suggest the downtrend may continue, as the stock trades below the 50-day and 200-day moving averages. The 93.25 SAR level is an important technical barrier; if the stock can close above it with increased trading volume, it may move toward resistance levels between 95.50 and 96.60 SAR, potentially targeting higher levels between 98.75 and 101.00 SAR. Meanwhile, its main support remains near the lowest levels of the year at approximately 89.90 SAR, a critical level to prevent further decline.
Notice: This Is an AI-Generated Summary
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