We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now


It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

Petrofac Limited Plc Price: PFC Holds Southward, Looking for a Base

Share On Facebook
share on Linkedin

It has been over a couple of sessions that the financial situation in the Petrofac Limited Plc shares company (LSE:PFC) shows the price holds southward, looking for a base.

Considering that the price is currently trading around or near 27 at the time of this technical article, a slight optimistic indication has been developing toward obtaining a comeback input. The price action has been advancing slowly but steadily in the direction of the smaller moving average’s bearish impulse. In the following operations, only patient long-term investors stand a chance of recovering and maintaining gains.

Resistance Levels: 45, 55,
Support Levels: 20, 15, 10

What possible bearish trading effect does PFC Plc currently have below the 15-day EMA?
The falling impacts on the Petrofac Limited Plc stock market have been having a way that is presently tending to resort to featuring possibly in ranges at a given lower line before it could probably make its move back upward, given the price is looking for a base above the support line of 20.

The oversold area of the stochastic oscillators indicates that sellers have not yet released their downward pressure on the market. The 50-day EMA indicator remains at a higher point of approximately 51, while the 15-day EMA indicator is situated approximately 38 lines above the present trading zone. To confirm that stable increases in the smaller moving average are possible, a bullish candlestick must appear against its trend line.

Learn from market wizards: Books to take your trading to the next

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

Do you want to write for our Newspaper? Get in touch:

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: 1-888-992-3836 |