Supply@me Capital Price: SYME Converges, Facing a Correction

PUBLISHED: 04 Jul 2023 @ 11:35 | Comments (0) | More info about Azeez Mustapha

The Supply@me Capital Plc stock exchange company (LSE:SYME) converges, facing a correction at a slow pace.

Sellers have been finding breaking to the downside difficult around the support level of 0.11. There have been situations indicating that buyers won’t survive staying afloat over the resistance line of 0.14. As a result, we are of the opinion that investors would need to be pulling off profits from the value line before a major decline surfaces to create a sustainable path afterward.

Resistance Levels: 0.15, 0.16, 0.17
Support Levels: 0.10, 0.09, 0.08

In light of the EMAs, what are the primary resistance lines for the present SYME trade?
There have been variant rejection signs depicted by a series of candlesticks in the SYME Plc share market, given that the price converges and is facing a correction mode.

The 50-day EMA indicator is underneath the 14-day EMA indicator. The Stochastic Oscillators are in a southbound-crossing position between the 80 and 40 levels. It appears that shorting exercises have been finding a way around the trade area identified as the confluence axis. Times may be prolonged toward securing a stronger resistance stance that can eventually lead to the crossing of the EMAs to the descending route for the affirmation signal.

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