Minoan Group Price: MIN Hits Resistance, Re-settling a Basis

PUBLISHED: 20 Jun 2024 @ 09:53 | Comments (0) | More info about Azeez Mustapha

Following a series of positive price actions that characterized the market operations of Minoan Group Plc (LSE:MIN), the stock market has hit a resistance around 0.9, re-settling a basis toward the underlying support lines staged between 70 and 60.

Based on the rate at which the market is moving lower, it seems that a correction is still in progress. As of this writing, a bearish candlestick has formed, displaying a bottom trading line of 0.725. At 0.60, the crucial support trade is still present. To begin resuming long-term orders, investors are advised to watch for the appearance of a bullish candlestick.

Resistance Levels: 0.9, 1, 1.1
Support Levels: 0.65, 0.55, 0.45

With the EMAs at their current levels, which way is the MIN Plc stock market most likely to go next?
The Minoan Group Plc shares company is on a path to end the present fall-offs that are most likely to be ahead of the line of 0.60, given that the price has hit resistance around 0.90 to now start re-settling at a base zone.

At the top of the 50-day EMA trend line is the 15-day EMA trend line. Additionally, they appear to be attempting to slant back down. The stochastic oscillators have crossed over into the oversold area to the south, signaling the start of a new set of forces that will dictate the direction of future price moves. Overall, it is advised that if a good drop-buy signal is identified, purchasers should be informed.

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