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A downward touch of the stock exchange of Minoan Group Plc (LSE:MIN) around 0.5 recently has led the price into regaining an upsurge, settling for a rally.
It has been demonstrated that severe efforts are being made against the line of 0.6, making the point at 0.5 to now become a critical underlying support that the market will have to keep afloat in order to validate the up-surging moves. In the meantime, long-position pushers have to be strategically placed near the buying signal spots of the moving averages, especially if there are no volatile southward reverses.
Resistance Levels: 0.7, 0.75, 0.8
Support Levels: 0.5, 0.45, 0.4
As there have been a number of bullish candlesticks in the MIN Plc stock, should shareholders continue to push for buys?
A buying wall has been deep rooted on the threshold of 0.5, signifying that subsequent moves to the upside will be to secure stable rises, given that the Minoan Group Plc shares market has regained an upsurge, settling for a rally.
The 15-day EMA trend line has moved northward closer to the trend line of the 50-day EMA from beneath. The stochastic oscillators have stepped up movements into the overbought region, signaling that buying forces are prevailing. And it is likely that subsequent movements to the upside are going to be steady.
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