Eurasian Mining Plc price: EUA becomes weak, and will be weaker

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Eurasian Mining Plc shares (LSE:EUA) have become weak and they are supposed to become weaker and weaker, owing to the current price action and technical indicators formation in the chart.

From July 2020 to August 2020, price made commendable effort to rally, but further rally has been rejected and things have nosedived. From August till now, the market has been coming down and all the gains made in August have been erased.

Price is currently below the lower Trendline and the RSI period 14 is in the oversold region, meaning the market is very weak. While there could be bullish attempts in the market, the attempts would not be sustainable as price is expected to go further downwards.

EUA could reach the support levels at 15.00, 10.00 and 5.00 before the end of the year 2020.

 

Trading realities: Trading realities

 

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Comments

  1. Bilbo says:

    That you earned your steak dinner from Winnie. Congrats.

  2. Carlos Garcia says:

    Any comments on the reasons why it moved from 1p to 28p?
    Surelly there must be some substance in the company?
    Ha

  3. jeuas says:

    Can you read rns’s.. just a thought that is.. did you miss out on a 50 bagger and are upset.. gl

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