Louvre's shares face key resistance levels

Investors in the Saudi Financial Market are closely watching the stock of Lubricants, as it approaches a key resistance level at 131.30 SAR, a significant psychological and technical point. If the stock successfully breaks through this level, supported by increased trading volume, it could pave the way for an upward move toward levels between 134.00 and 135.90 SAR. Conversely, a failure to do so may keep the stock within a lateral trading range, with support at 127.20 SAR. Historically, the stock started 2024 on an upward trend before facing selling pressures, bouncing off a support at 86.20 SAR, and achieving breaks of important resistance levels throughout the year.

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