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Luberef stock may recover above support
Shares of Saudi Aramco Base Oils "Luberef" exhibited technical stability near key support levels, trying to regain upward momentum after a recent wave of decline and correction in prices. Successfully breaking through a significant resistance at 126.90 SAR prevented a decline in the stock, with performance linked to maintaining stability above 131.30 SAR to support continued upward movement toward targets between 134 and 137.80 SAR. It is also crucial to keep support at 127.80 SAR to avoid falling to lower levels. Since the start of 2026, the stock has shown a main upward trend interrupted by waves of decline and correction, maintaining a balance between buying and selling forces, along with a noticeable improvement in trading volumes that support expectations of the continuation of the bullish trend.
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