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Silico Holding stock tests support amid liquidity hopes
A technical report monitoring the performance of the Sustainable Infrastructure Company’s stock, "SISCO Holding," which is currently experiencing selling pressure and lacks strong buying momentum, despite remaining above key support levels around 36.95 SAR. After previously breaking through the 36.90 SAR level with a target of 40.24 SAR, the stock retested the support at 36.95 SAR. It now needs increased trading volumes and stabilization above 38.30 SAR to continue its upward movement toward the higher targets between 39.30 and 40.30 SAR, with the possibility of extending gains to 41.60 SAR if sufficient liquidity is available. Maintaining the support level at 36.90 SAR is essential to prevent a subsequent decline. The stock experienced a downward trend throughout 2024 but saw a rebound from a major support zone near 24.90 SAR in March. Investors are still awaiting clarity on its future direction amid current market challenges.
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