Scancell Holdings Price: SCLP Holds a Retraction, Merely Averaging 10 Support

PUBLISHED: Aug 12 2025 @ 22:57 | Comments (0) | More info about Azeez Mustapha

The resistance trade line marked at 12 has been showcased validly as the main barrier, as the Scancell Holdings Plc (LSE:SCLP) holds a retraction, merely averaging 10 support.

The emergence of a pronounced short-selling candlestick, aligned with oscillator postures entrenched in elevated zones, underscores a weakening bullish drive. This confluence signals a potential exhaustion phase, with overextended buying momentum increasingly vulnerable to corrective retracements. If subsequent price action confirms through lower-high formations and rejection wicks near resistance, the likelihood of a measured southbound rotation toward preceding demand clusters will rise materially.

Resistance Levels: 12, 13, 14
Support Levels: 10, 9.5, 9

Could the Candlestick-Oscillator Confluence Signal Impending Exhaustion and a Measured Southbound Rotation?

The combination of a pronounced short-selling candlestick and overextended oscillators at elevated zones often precedes a momentum fade, increasing the probability of a corrective southbound move, as Scancell Holdings Plc suffers a retraction while merely averaging support around the 10 mark.

The trend line of the 15-day EMA indicator has been consistently swinging upside through the buy-signal side of the 50-day EMA indicator, firmly affirming that a critical support line is positioned around the 10-point mark on the prevailing market structure. The stochastic oscillators have sprung northbound, indicating that purchasers are likely to resort to a measured technical retracement phase.

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