Supply@me Capital Plc Price: SYME to Lose Catalyst Soon

PUBLISHED: Feb 04 2023 @ 23:54 | Comments (0) | More info about Azeez Mustapha

Over a couple of sessions, the mode of transactions between the buyers and sellers in the Supply@me Capital Plc share price (LSE:SYME) has shown to lose a catalyst soon underneath the resistance of 0.08. As it is, buying forces are gradually approaching an exhaustion spot around the value line. It is only a consolidation-moving style that will help bulls to project their stances into having further increases to the current pace of trading. Long-term investors can play safer by allowing their portfolios to run northwardly in the coming sessions by not exercising any panic sell-off condition.

Resistance Levels: 0.08, 0.085, 0.090
Support Levels: 0.045, 0.035, 0.025

Do the SYME indicators support the possibility of more lows in subsequent operations?
Going by the reading of the Stochastic Oscillators at the time of writing this technical analysis piece, it signaled that forces to the north side are gradually reducing around the bigger EMA trend line. As a result, variant rejection candlesticks have formed around the 50-day EMA indicator at the top of the 15-day EMA indicator, implying that the SYME stock may lose catalyst soon. The Stochastics have slightly crossed southbound between 100 and 80 levels. Nevertheless, if they resort to consolidation in those points, the bulls may reclaim their strength to build more steps into a higher-trading spot afterward beyond the 0.08 resistance level.

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