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Al-Jjin's stock exceeds resistance level
The article explains that Alujain Corporation’s stock experienced a strong positive movement, leading it out of the sideways fluctuation that has persisted since May. This was accompanied by a significant increase in trading volumes and support from new liquidity, which allowed the stock to break through important resistance levels and approach a target price of 29.14 SAR. Technical analysis confirms that if funds maintain the main support level at 27.70 SAR, there could be further upward movement toward resistances between 29.82 and 30.38 SAR, with the possibility of reaching 31.10 SAR if buying strength persists. Data indicates that the stock was in a downtrend during 2026, but signs of recovery are beginning to appear with rising liquidity and testing a critical resistance level at 30.54 SAR, which could strengthen its shift to an upward trajectory in the near future.
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