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Lajam Sports' share recovers support
Lajam Sporting Company's stock successfully regained its balance after its recent decline, surpassing the key support level of 76.35 SAR, with a gradual increase in trading volumes indicating the entry of buying forces. The stock is expected to continue its upward rebound if it maintains the 78 SAR level, with an initial target of 79.85 SAR, then 82.05 SAR, reaching up to 84.50 SAR if it manages to break this resistance. On the other hand, a break below 75.35 SAR could reintroduce selling pressures and weaken the upward trend, with continued emphasis on the importance of maintaining support levels to sustain the recovery.
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