Supply@me Capital Price: SYME Stays Under Pressures, Finding a Base

PUBLISHED: 08 Oct 2024 @ 10:35 | Comments (0) | More info about Azeez Mustapha

Long-position movers in the exchanges of Supply@me Capital Plc (LSE:SYME) have not been finding it easy to retard the activities of sellers, as the stock price currently stays under pressure, finding a base around 0.0045.

A set of candlesticks has developed to indicate that the market is stabilizing and creating a pattern that may soon see an upsurge. Ahead of the commencement of rallies again, shareholders could begin choosing certain spots based on such mentality.

Resistance Levels: 0.01, 0.015, 0.02
Support Levels: 0.003, 0.002, 0.001

Considering the current positioning posture of the oscillators, will the SYME Plc stock go more under below the EMAs subsequently?
In the following active price actions of the Supply@me Capital Plc shares company, it is not expected that stable fearful declines will be achieved, given that the price stays under pressure, finding a base.

The fact that the 15-day EMA indicator is still below the 50-day EMA indication indicates that bear markets are still present and are pushing market lines downward. In order to break through the oversold area, the stochastic oscillators have shifted southward. Based on the long-term outlook, investors are encouraged to let their portfolios run freely, as there hasn’t been a notable comeback to establish a promissory positive buying wall back to the upward. Sellers should not consider placing more shorting position orders at the current level of 0.0045.

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