Sadaq share: the stability of the support at 10.75 riyals supports the stock’s bounce towards 11.40 riyals

Before us is the chart of Sadaq stock from the Saudi market, with a time interval of 4 hours, where we notice that the stock tended to rise from the support areas of 6.60 riyals, to continue its consecutive rise towards its first peak at levels of 14.46 riyals, from which the stock retreated to the areas of 10.86 riyals, so that the stock rebounded again to The levels of 16.44 riyals, then the stock retreated to the areas of the rising trend line at the levels of 12.80 riyals, from which the stock tended to rise until it reached its highest level at the levels of 26.15 riyals, then the stock retreated to the support areas of 15.52 riyals, so that the stock rebounded from it to reach the areas of 23 riyals, then retreated The stock reached the levels of 13.20 riyals, from which the stock rebounded to reach the areas of 16.86 riyals, from which it retreated to the support areas of 9.40 riyals, from which it rebounded to settle now at the levels of 12.20 riyals, from which the stock retreated to settle now at the levels of 10.88 riyals.
For the second session, the price movement of Sadaq stock declined, affected by the negativity of technical indicators, as we expect that Sadaq share is close to testing the support areas of 10.75 riyals, before completing the upward rebound towards the areas of 11.40 riyals.
As for the technical indicators, we notice the emergence of positive signs on the movements of the technical indicators, which we expect to support the suggested positive outlook towards the stock in the short term.
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