ADVFN Logo

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.

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

M&g Plc Price: MNG Drops Erratically, Contemplating a Baseline

Share On Facebook
share on Linkedin
Print

The M&g Plc shares company (LSE:MNG) has been dropping erratically around the points of 200 and 195, contemplating a baseline closely above the support of 190.

This month, on or around October 23, a declining pressure system outran certain opposing forces to the point where it breached just beyond the 190-point support line. However, the movement was not strong since bulls were able to re-use the forces to their advantage and create a rebound. It has been essentially technical to watch the price exhibit bullish upswings following potentially volatile fluctuations.

Resistance Levels: 200, 205, 210
Support Levels: 190, 185, 180

From its current position around the EMAs, which way does the MNG Plc market tend to secure next in terms of liable forces?
We are looking forward to seeing buyers pushing back upward from beneath the EMA trend lines soon as MNG Plc shares drop erratically around the values of 200 and 195, contemplating a baseline near above the point of 190.

The 50-day EMA trend line was momentarily touched to a lesser extent by the 15-day EMA trend line as it proceeded southward. From roughly the value of 20, the stochastic oscillators have bent softly southward in an attempt to return upward. As it stands, a bullish candlestick has been forming to indicate that investors wishing to invest in this stock transaction should act now before the movement quickly becomes stronger.

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

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