Supply@me Capital Price: SYME May Fall Further Under 0.16

PUBLISHED: May 27 2023 @ 16:30 | Comments (0) | More info about Azeez Mustapha

The Supply@me Capital Plc market (LSE:SYME) is poised to fall further under the resistance line of 0.16 that hit following unprecedented uprisings it experienced some days ago. If bulls fail to push back north between 0.10 and 0.08 in the long term, deep-dipping trade in pursuit of that presumed decreasing momentum will confirm. An interception of the SMAs to the southward will portend a firmer resumption of a bearish-trading path. Therefore, buyers should be wary of those situations.

Resistance Levels: 0.15, 0.17, 0.19
Support Levels: 0.10, 0.08, 0.06

Will the SYME Plc market lose value quickly across the EMA trend lines in the current descending setup?
There might be little swaging moves in the valuation of SYME Plc as the stock holds the potential of falling further under the resistance level of 0.16. The 15-day EMA trend line is above the 50-day EMA indicator, signifying that positions at higher points where the price needed to breach downward in the first place before confirmation of a bearish trend. The Stochastic Oscillators are in a southbound-crossing mode from the overbought region, placing southward through 60 to 20. That showcases that a decrease is in motion. Therefore, buyers should hold off the market for a while.

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