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Sanad Holding faces resistance and pressure

Sanad Holding faces resistance and pressure

Syndicate Holding Company’s stock has broken through a key resistance level at 9.40 SAR, prompting it to continue its upward movement toward targets between 9.44 and 9.61 SAR. However, the stock’s performance remains below the long-term 200-day moving average, indicating continued bearish pressure in the medium term. If the stock remains above the 9.44 SAR level, it could aim for higher levels up to 10.15 SAR. Conversely, falling below 9.00 SAR may reintroduce selling pressure and push the stock to find support around 8.80 SAR.

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