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Sanad Stays Above Resistance

Sanad Stays Above Resistance

Sanad Holding’s share price settled above resistance at SAR 7.19, supported by higher trading volumes and improving technical indicators. It also continued to trade above its 50- and 100-day moving averages. The technical outlook points to initial targets of SAR 7.44–7.55, followed by SAR 7.73 and SAR 7.92, with major resistance at SAR 8.20. The bullish scenario remains contingent on the share price holding above support at SAR 6.98, as a break below that level could bring selling pressure back.

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