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Alujain stock breaks resistance amid higher trading volume

Alujain stock breaks resistance amid higher trading volume

Lafarge company's stock experienced a notable rise during the recent trading session, managing to surpass important technical resistance levels supported by active liquidity inflows and high trading volumes. This indicates a renewed buying momentum and the potential resumption of the upward trend after a period of decline that has persisted since the beginning of 2026. After stabilizing above the key support level at 27.70 SAR, the stock closed at 29.14 SAR, surpassing previous price targets. Expectations now point to continued upward movement toward levels between 29.82 and 30.38 SAR, and if buying pressure persists, it could reach 31.10 SAR, provided that the main support is maintained. While the overall performance of the stock this year has shown a downward trend, recent movements suggest an attempt at recovery and reinforce the likelihood of a short-term trend reversal.

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