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Sadaq share tests resistance levels
The stock of the Saudi Industrial Development Company "SADIC" experienced environmental pressure after failing to break through the main resistance level around 17.90–17.95 riyals. This led to a correction and a decline in its value to a support level near 15.12 riyals, with the price currently approaching 15.30 riyals. Since the beginning of the year, the stock has been in a downward trend, but since early March, signs of short-term improvement have started to appear, along with an attempt to establish a new price base. Technical forecasts indicate that the stock's continued performance depends on its stability above the 15.50 riyal level, with the potential to reach price targets of up to 17.45 riyals, provided it regains trading above 17.95 riyals.
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