Phoenix Group Holdings Price: PHNX Has a Gap Upward, Averaging 600 Barriers

PUBLISHED: Mar 17 2025 @ 11:26 | Comments (0) | More info about Azeez Mustapha

Sequence to a long-range bound around 520 that featured in much effort of breaching through in the last sessions, purchasers have now eventually made the business lines in the Phoenix Group Holdings Plc (LSE:PHNX) to have a gap upward, averaging 600 barriers at the time of this piece.

The pace of the upward momentum is likely to exhaust soon, particularly if the upcoming movements fail to generate another solid bullish candlestick breaking through the resistance around the 600 point. Once signs of rejection emerge in the upward push, investors should consider locking in profits and closing some positions before a potential reversal fully materializes.

Resistance Levels: 600, 620, 640
Support Levels: 540, 520, 500

As there has been a significant bullish candlestick emergence above the EMAs, should the PHNX Plc stockholders resume buying more orders?

Considering buying fresh positions, as there has been a noteworthy buying candlestick situated above the trend lines of the moving averages, as the Phoenix Group Holdings Plc shares have gapped upward, averaging 600 barriers.

The moving averages are currently positioned at 524 and 514.8004 points, with the 50-day EMA below the 15-day EMA. The stochastic oscillators are maintaining a northward trajectory within the overbought region, indicating that the market is in a consolidation phase.

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