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Luberef Shares Rebound

Luberef Shares Rebound

Saudi Aramco Base Oil Company (Luberef) shares have regained buying momentum after breaking above the 9- and 21-day exponential moving averages and the Relative Strength Index moved above 50. The stock also formed a higher low at SAR 111.50 and is trading near SAR 115.90. Technical targets are SAR 118.80, followed by SAR 121.70 and, ultimately, SAR 127.50—provided momentum continues and the stock breaks above its 200-day moving average at the final target.

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