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Lajam for Sports sees upward trend toward 84.10 riyals
Lajem Sports Company’s stock has shown a noticeable improvement in its technical performance since the beginning of October. It has moved toward stabilizing in an upward trend supported by the accumulation of higher price bases, increased trading volume above average, and stable prices above key support levels. Analysts expect the positive momentum to continue, with the stock aiming to reach an initial target of 84.10 riyals. There is also potential to reach higher levels after breaking the resistance at 83.30 riyals. Meanwhile, the 79.40 riyals level is considered an important stop-loss point. The current technical performance, its levels, and forecasts serve as a strong indication of the continuation of the upward trend in the coming period.
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