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Alujain's stock drops below key levels
Lajan Company's stock has experienced a significant decline during today's trading, as the selling pressures broke the main support level at 25.00 riyals, indicating the continuation of a short-term bearish trend. The stock is currently trading around 24.65 riyals and is moving under selling pressure from the moving averages, with negative technical signals from the MACD indicator. There are increased chances of further declines to levels of 24.10 riyals, 23.40 riyals, and 22.20 riyals if the downward momentum continues. Since the beginning of 2024, the stock has entered a major decline wave after reaching a peak of 30.54 riyals in March, and it now needs to rise back above 25.60 riyals to begin correcting the downward trend.
Notice: This Is an AI-Generated Summary
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