Condor Gold Price: CNR Has Peaked, Predicting a Fall

PUBLISHED: May 14 2023 @ 09:21 | Comments (0) | More info about Azeez Mustapha

The Condor Gold Plc stock company (LSE:CNR) has peaked, predicting a fall after surging fearfully from the psychological trading point of 25 to hit the resistance line of 35 in the long run. Long-northward trending forces have played out to demonstrate maximal capacity toward formulating an ideal technical pattern against having further sustainable ups. Based on that perception, any anticipated buying attempts made beyond the resistance level it previously reached will face a defeat by short-position takers.

Resistance Levels: 35, 37.50, 40
Support Levels: 25, 22.50, 20

Will the CNR Plc market sellers maintain a stance below 35 against the EMA trend lines’ points?
It is mostly technically to see the Condor Gold Plc company sellers keeping stances below or around the resistance line of 35 against the EMAs’ values in the long run, as it has been that the stock holding market has reached a peak worthy of predicting a fall. The 50-day EMA trend line has crossed by the 15-day EMA trend line, which is slightly bending from north to east. Between 80 and 20, the Stochastic Oscillators are in the mood to veer south. That implies that the motion’s velocity is as it nears its conclusion. However, the trend continues to suggest that shorting will be successful.

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