ALUM: Third Rejection Signals a Potential Pullback Arab Aluminum Co. SAEEGX_DLY:ALUMmnmabroukw36ix📊 ALUM: Third Rejection Signals a Potential Pullback 📉 🏛️ The Fundamentals ALUM's valuation is becoming increasingly expensive after the strong rally. ⚠️ The elevated valuation is now reflected in the technical structure, making a pullback a healthy possibility. 📊 🧠 The Pulse ALUM has rejected the Order Block below the ATH around 26.42 for the third time. 📉 This increases the probability of a pullback to cool the indicators and build momentum for another breakout attempt. 🔄 The key level to watch is 24.48 for a potential reaction. 👀 For long-term investors, the stronger accumulation area is around 23.51. 🎯 🧱 The Key Structural Boundaries Key Reaction Level: 24.48. 📊 Long-Term Entry Zone: Around 23.51. 🛡️ Stop Loss: Break below 22.50. 🛑 First Target: ATH around 26.42. 🎯 Second Target: Fair value around 28.50. 📈 Long-Term Target: Around 33.00. 🚀 ☪️ Sharia Compliance Status: Compliant ✅ Reason: ALUM's core business is industrial aluminum manufacturing and processing, which is permissible, subject to the applicable quantitative Shariah financial screening criteria. ⚖️ The Verdict The third rejection at 26.42 suggests ALUM may need a healthy pullback before attempting another breakout. 📉 I would avoid chasing the stock at current levels and instead watch 24.48 and 23.51 for potential entries. ⏳ A break below 22.50 would invalidate the current setup. 🛑 If you like my insights, follow and boost! 🙌💙🚀 🎁 $15 TradingView Discount: https://www.tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑