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OJC shares hold key support levels
Albiakan Glass Company's stock has maintained its key support level around 22.70 SAR amid a wave of selling pressure in September, with trading remaining within a sideways range since the beginning of the year. The market is currently watching whether the stock can break through a pivotal resistance at 23.72 SAR to regain upward momentum, with expectations that it could move toward levels between 24.33 and 24.93 SAR if buying strength continues. Maintaining the support level at 22.69 SAR is essential to prevent a decline that could reignite selling pressure and weaken the chances of a recovery. In 2026, the stock's movement has shown sideways trading between support at 21.90 SAR and resistance at 29.76 SAR, with ongoing selling pressure evident from the formation of lower highs and lower lows compared to previous periods. This indicates a persistent fluctuation and presents challenges to stabilizing the trend.
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