Minoan Group Price: MIN Steps Down, Rebuilding a Baseline

PUBLISHED: Jul 20 2024 @ 06:43 | Comments (0) | More info about Azeez Mustapha

Bears appear to consolidate further declines in the business activities of Minoan Group Plc (LSE:MIN), given that the stock market’s price now steps down, making an effort toward rebuilding a baseline above 0.5.

As of this analysis, falling moves in the shares are somewhat significant until it is potentially going to be nullified while a formidable bullish candlestick surfaces in no time in the process. Being as it is, the underlying support line at 0.5 remains the critical zone that selling forces are not expected to freely pass through in the long-term extension running style of the current decrease rate of the market.

Resistance Levels: 0.7, 0.8, 0.9
Support Levels: 0.5, 0.45, 0.4

By looking at the EMAs’ current location, which value has been determined to be the important trading zone in the MIN Plc stock?
As of this write-up, the market line of 0.6 appears to be the main trade spot that bull has to pull up back the velocity as the Minoan Group Plc shares market now steps down, rebuilding a baseline.

The 15-day EMA indicator’s trend line is below the 50-day EMA indicator’s. They are heading in the direction of the south, maintaining the points 64 and 70, or thereabouts. The stochastic oscillators have freshly penetrated the oversold region. Buyers need to hold back until a bullish candlestick is spotted to be emanating before launching buy orders.

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