There has been a long line of trade situations that allow bears to prevail in the Polarean Imaging Plc price stock (LSE:POLX), given that the market falls in a persistent trending arrangement to the downside as it is finding a baseline below the indicators.
Technically speaking, the upcoming days should result in a stretch of appreciation because there hasn’t been as much expectation maintained against seeing additional lows on a steady-moving basis. Even so, the majority of recent price movements have not yet shown a clear transaction pattern that would indicate a restoration of the positive trend in the near future. Even though the price tends to drop further after that, shareholders may start to build positions from the present trading line of approximately 10.
Resistance Levels: 15, 17.50, 20
Support Levels: 7.50, 5, 2.50
Is it still technically possible for bears to push any lower considering the line that the POLX Plc market now has below the EMAs?
It is illogical for the Polarean Imaging Plc company bears to reliably push further through supports below the point of 10, as we have already seen that it is falling and finding a baseline possibly in no time along the line.
In front of the 50-day SMA trend line is the 14-day SMA trend line. That shows that the stock market has not yet recovered from the depths of downtrending trade activity and entered back into a bullish trend. Recently, the stochastic oscillators have returned to the oversold area. A trading session pause could happen soon. Whatever the case, our attitude implies that selling should begin to wind down in order to start a buying mindset before rebounding.
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