60 Days
Source:
مباشر
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The "Sadaq" share approaches important technical levels amid increasing liquidity momentum
The analysis of Saudi Industrial Development Company’s (Sedac) stock price showed a breakout of significant technical resistance levels, especially after successfully surpassing the 13.40 Riyal mark, which previously hindered upward movement. This is accompanied by the price stabilizing above the moving averages and an increase in trading volume, supporting the likelihood of the ongoing bullish trend. The stock now faces a major resistance zone at 17.37 Riyals and needs to close above this level to open the way toward price targets between 17.78 and 18.17 Riyals, with a psychological resistance at 18.70 Riyals. Conversely, any pullback below 16.32 Riyals could push the stock down toward 15.60 Riyals, with close attention to liquidity levels. Technical indicators suggest a shift from a downtrend to an uptrend following a corrective phase that lasted throughout June and July.
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