Sahl share faces continued decline

Suhool Housing Finance Company's stock is experiencing persistent selling pressures, which have led it to decline sharply into a strong downward trend. The stock remains below a key support level at 13.23 riyals, with expectations of further decline toward a historic support at 12.87 riyals, especially given the continued decrease in trading volumes and the absence of strong buying forces. Technical indicators, such as the ADX moving average index, suggest the downward trend remains strong, with the possibility of the stock reaching a support level at 12.45 riyals if negative pressures persist. The main resistance level currently monitored is at 13.82 riyals, which, if surpassed, could reverse the current trend and halt the decline.

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