Supply@me Capital Price: SYME Surges Higher to Hit 0.16

PUBLISHED: 23 May 2023 @ 12:21 | Comments (0) | More info about Azeez Mustapha

An unprecedented trading session has surfaced in the Supply@me Capital Plc market (LSE:SYME), given the stock’s price surges higher after breaking past a psychological trade point of 0.11 to hit the resistance line of 0.16 in the long run. Going by that trading pace, nurturing an overbought condition, buying activities must not grab by a debasement force tending to create a descending trade pattern between 0.14 and 0.12 in no time. Buyers may lose part of their points to the downside if that supposition has to materialize.

Resistance Levels: 0.16, 0.18, 0.20
Support Levels: 0.12, 0.10, 0.08

When will SYME Plc sellers have a better chance of winning around the EMA indicators?
The SYME Plc short-position takers will potentially make a comeback after the 15-day EMA trend line tested and breached in a correction-moving mode afterward as the shareholders’ positions have surged higher to hit resistance at 0.16. The 50-day SMA indicator is at a value of 0.075248, while the 15-day EMA indicator is at 0.103774The Stochastic Oscillators are in the overbought region, indicating that buying operations have a firm grip on the marketing environment. If the resistance level in question breached northward, allowing for the possibility of reaching 0.20.

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