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Sadaq share signals reversal after correction
The share of Saudi Industrial Development Company (Sadaq) has shown a positive trend following a period of downward correction. Technical analyses indicate an attempt by the stock to rebound to higher levels, as it stabilized at 15.16 SAR and is moving towards initial resistance levels at 15.55 SAR then 15.95 SAR. There is potential to target 16.70 SAR if it manages to close above the Bollinger Bands, accompanied by increased trading volumes and a confirmed positive crossover on the MACD indicator. However, caution remains if the main support at 14.55 SAR is broken, as this could push the stock back into its previous downward trend.
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