Year share tests key resistance levels
Sal Logistics Company's stock is testing a crucial technical resistance level, as it prepares to challenge the descending trendline extending from June 2026. The stock faces resistance around the 173.10 riyal level and needs to close above this level with increased trading volume to confirm the potential start of an upward trend, with possible targets between 177.00 and 180.50 riyals. The 183.90 riyal resistance is considered a major barrier. Support levels remain at 166.90 riyals. The trading range has continued to oscillate sideways since last year, reflecting a balance between buying and selling forces.
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