Serica Energy Plc Price: SQZ May Retain a Downward Trend

Serica Energy Plc Capital Market (LSE: SQZ) has, over time, been falling to maintain a path to the south. The general technical outlook suggests the stock price may retain the downward trend in the subsequent operations as long as the trading indicators remain opposed to the possibility of crossing back northward. Buyers’ strength may not survive to push above 300 line if that sentiment is anything to go by in the long run.

Resistance Levels: 300, 325, 350
Support Levels: 250, 225, 200

Are the indicators support that the SQZ Plc share price will build support over or around the 250 level?

As the market tends to maintain a downward trend from a psychological resistance spot below or around the larger EMA trend line, in the long run, a bullish candlestick has emerged closely over the 250 support level to signify the SQA Plc stock market may build support above or around the 250 lines for a while. The 15-day EMA indicator is underneath the 50-day EMA indicator. The Stochastic Oscillators have traveled southbound into the oversold region to the level of zero. That signifies price, expectantly, has to retard in a way against further free fall-offs for some time. If that assumption materializes, the stock value will push upward to around the point of a bigger EMA in the long-term race.

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