Ratel's stock faces pressure as it aims to recover key resistance
The share of Retal Urban Development faces selling pressures after breaking the support level at 9 riyals, leading to the continuation of the downward trend and reducing the chances of regaining important resistance levels. Although the price attempted a rebound, the weak trading volume reflects a lack of buying strength and threatens the sustainability of the rebound as a technical confirmation. The stock is expected to remain under pressure as long as it does not surpass the 9.23 riyals level, with an initial target of 8.87 riyals and a key support at 9 riyals. Since the beginning of 2026, the stock has fluctuated between an upward trend and sideways movement before coming under strong selling pressure, which drove it to historic support levels at 8.53 riyals amidst ongoing selling tensions over the past few months.
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