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Lajam for Sports shares rise in October
Lajam Sports Company’s stock has experienced a positive shift since the beginning of October, as it began establishing a stable upward trend supported by higher lows, accompanied by increased trading volume and stable prices above key support levels. Technical analyses project the stock to target the 84.10 riyal level; a successful breakout above it could lead towards 86.20 riyal then 90.30 riyal, provided that it remains above the 79.40 riyal support. The recent performance reflects strength in the bullish trend, following a decline during the year from a high of 101.70 riyals in January to a low of 69.00 riyals in July, before starting to improve again at the beginning of the last quarter.
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