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Sino Industries' share faces key resistance test
The share of Advanced Construction Industries (Industries) is currently experiencing balance and stability above important support levels, following a sharp decline that brought it close to the 25.30 riyal mark. Recent movements suggest the beginning of technical improvement, with the potential to surpass resistance between 26.22 and 26.86 riyals, which could open the way for a short-term rebound targeting 27.70 riyals. However, close monitoring of liquidity and trading volumes is necessary, as failure to maintain support at 24.79 riyals could renew selling pressures and lead to a resumption of the downward trend.
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