Minoan Group Price: MIN Downsizes, Settling for Lower Supports

PUBLISHED: 05 Apr 2025 @ 13:00 | Comments (0) | More info about Azeez Mustapha

Following an event that led to seeing bulls succumbing to further pressures in the stock exchanges of Minoan Group Plc (LSE:MIN) recently, the financial trading level has now been observed tending to settle for lower supports toward the line of 0.1.

As for the time being, a shorter reversal positive move has been spotted in the bearish candlestick that has presently surfaced in the volatile market. It might take a little while for subsequent pricing movements to generate into having a formidable convergence, potentially liable to let the market recoup stances ahead of stable and sustainable recoveries. And, in addition to that effect, the major retarding trade line to the upside is visibly positioned around the critical resistance of 0.4.

Resistance Levels: 0.4, 0.5, 0.6
Support Levels: 0.1, 0.075, 0.05

Given the current indicator setup, should MIN Plc stockholders exit their positions?

In line with the postures of the indicators from an overall perspective, it appears that shorting forces are on the verge of losing momentum, given that the Minoan Group Plc shares offering firm downsizes values, settling for lower supports potentially toward the line of 0.1.

The 15-day EMA trend indicator remains positioned below the 50-day EMA, with both indicators situated beneath the 0.4 resistance level. Additionally, the stochastic oscillators have once again retreated into the oversold region. Given the current market conditions, the stock is still in the process of stabilizing and attempting to halt its downward trajectory.

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