Supply@me Capital Price: SYME Holds Downward, Striving for Recoveries

PUBLISHED: Dec 12 2024 @ 11:21 | Comments (0) | More info about Azeez Mustapha

The impact of bears’ efforts over bulls has been staying over a couple of sessions in the exchanges of Supply@me Capital Plc (LSE:SYME), given that the financial operation currently reveals that the price holds downward, striving for recoveries.

It would continue to be a challenging time for long-position movers to surge back upward as the market fails to get a strong bullish candlestick tending to span from a noticeable lower trading zone in the stock market negotiating operations. The trade is susceptible to consecutive systemic lower lows in the market if that must be the case.

Resistance Levels: 0.01, 0.015, 0.02
Support Levels: 0.002, 0.0015, 0.001

Is it technically inclined for buyers to come into SYME Plc, as the EMAs are yet to portend a crossover to the north?
It might still take some time to observe a northward-crossing pattern of the moving averages, given that the Supply@me Capital Plc shares now hold downward, striving for recoveries.

There has been another round of seeing the stochastic oscillators swinging in an overbought region before swerving back southbound toward the oversold region to showcase that sellers are in control of the market. The trend line of the 15-day EMA is underneath the trend line of the 50-day EMA, denoting that the trade is still under a falling force to some extent. A formation of a bullish candlestick above the point of 0.005 will potentially put an end to seeing more declines.

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