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Al-Rajhi's shares face selling pressure
Alrajhi Bank's stock has experienced a decline in recent sessions due to strong selling pressures, with the price dropping to 60.85 SAR, close to a crucial support level at 60.65 SAR. This support is considered vital to prevent further decline; if the stock breaks below this level, it may head toward lower levels between 59.10 and 56.40 SAR. The stock faces resistance at 62.90 SAR, and technical indicators, such as the ADX, show that sellers are in control, with negative signals reflecting the strength of the bearish trend. Overall, the current trend is characterized by strong selling pressure, with the possibility of further decline if it cannot hold above key support levels.
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