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Sadr shares rise in uptrend
Logistics Services Company's stock has shown positive movements in recent trading sessions, surpassing important technical levels within a short-term correction wave amid the overall downtrend. Technical indicators suggest an increase in buying momentum while remaining above key indicators such as Bollinger Bands and MACD. The stock is currently trading at 2.44 riyals and aims to break the 2.50 riyal level to pave the way toward target prices reaching 2.75 riyals. However, its ability to stay above 2.35 riyals will determine whether it can continue its upward trend, while a decline below this level could cause the stock to revert to a downward trajectory.
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