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Savola Group Falls Below Support
Al Nahdi Medical Company’s stock experienced a significant decline after breaking through key support levels, continuing its downward trend since last year. Selling pressures in September led to a breach of the support level at 24.28 SAR, reinforcing expectations of further decline toward levels between 23.03 and 22.43 SAR; if the stock continues to fluctuate below 23.60 SAR, it could reach 21.75 SAR. However, if the stock manages to regain trading above 24.80 SAR, the downward trend may halt, and the price could begin to recover.
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