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Sasco shares face continued decline
The performance of the Saudi Company for Automotive Services and Equipment (Sasco) stock has declined significantly, as it recorded a downward move after breaking key support levels at 41.90 SAR. This has led to continued selling pressure and a shift to a bearish trend, with trading below moving averages. The stock is expected to continue declining toward additional support levels at 36.00 SAR and 34.67 SAR, with a potential test of 33.40 SAR if buying forces fail to sustain the current support levels. Additionally, surpassing a minor resistance at 39.92 SAR could help regain some positive momentum and open the door for a potential rebound.
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