Sahl share faces continued decline near support
Sahl for Financing's stock is experiencing a significant decline due to ongoing selling pressures, trading below important support levels of 13.23 riyals, with its decline extending towards the historical support zone at 12.87 riyals. Technical indicators, especially the ADX, indicate the strength of the downward trend and the persistence of negative momentum, as rebound attempts have failed due to weak buying volumes. The stock is expected to continue declining unless the selling pressure diminishes, with resistance at 13.82 riyals—a key point to monitor the stock’s ability to stabilize and contain the bearish trend.
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