Fakih Medical tests psychological barrier
The stock of Faqih Medical Hospital experienced a significant increase in trading volume, recently breaking above the long-term moving average level at 200 days, which reinforces a positive outlook in the medium term. It faced a strong resistance around 38.80 SAR, and with a break above this level accompanied by high trading volumes, it could head downward toward levels of 39.80 and 40.75 SAR. There are potential for continued upward movement if it remains above the support level at 36.88 SAR. The stock had suffered sharp declines in 2026, including a low at 27.20 SAR, but it has begun to rebound and is currently testing an important resistance that will determine its short-term performance trajectory.
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