We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Supply@me Capital Price: SYME May Fall Further Under 0.16

Share On Facebook
share on Linkedin
Print

The Supply@me Capital Plc market (LSE:SYME) is poised to fall further under the resistance line of 0.16 that hit following unprecedented uprisings it experienced some days ago. If bulls fail to push back north between 0.10 and 0.08 in the long term, deep-dipping trade in pursuit of that presumed decreasing momentum will confirm. An interception of the SMAs to the southward will portend a firmer resumption of a bearish-trading path. Therefore, buyers should be wary of those situations.

Resistance Levels: 0.15, 0.17, 0.19
Support Levels: 0.10, 0.08, 0.06

Will the SYME Plc market lose value quickly across the EMA trend lines in the current descending setup?
There might be little swaging moves in the valuation of SYME Plc as the stock holds the potential of falling further under the resistance level of 0.16. The 15-day EMA trend line is above the 50-day EMA indicator, signifying that positions at higher points where the price needed to breach downward in the first place before confirmation of a bearish trend. The Stochastic Oscillators are in a southbound-crossing mode from the overbought region, placing southward through 60 to 20. That showcases that a decrease is in motion. Therefore, buyers should hold off the market for a while.

Learn from market wizards: Books to take your trading to the next level

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: +44 (0) 203 8794 460 | support@advfn.com

V: D: 20230929 10:57:15