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Sinnaiat share faces continued selling pressure
The share of Advanced Construction Industries continued to decline in the Saudi market, failing to maintain levels above its key resistance at 28.96 riyals. It faced strong selling pressure along with increased trading volume. As the stock approaches a crucial support level at 22.12 riyals, a break below this point could lead to a fall toward the range between 25.64 and 26.46 riyals. Since the beginning of 2026, the stock has experienced sharp fluctuations: starting the year on a positive note, then sharply declining in March, and trading within a sideways range until May and June. The overall downtrend persists, as the price remains below the 200-day moving average, indicating that sellers continue to dominate the trend. For a bullish reversal, the stock must trade above 28.46 riyals and break through the resistance at 28.96 riyals, which could open the way toward higher levels starting from 29.74 riyals.
Notice: This Is an AI-Generated Summary
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