The price action of Third Point Investors Limited (LSE:TPOU) has consistently shown momentum erosion, as repeated failures to break above the 28 resistance have strengthened bearish dominance, and this sustained rejection has forced the stock into lower lows while positioning it dangerously close to the critical pivot zone of 24.
If the pivot at 24 breaks decisively, selling pressure could intensify, dragging the stock toward the 23–22 support corridor; however, if buyers defend this threshold, a reversal may unfold, setting the stage for another challenge of the 28 resistance zone.
Resistance Levels: 26, 27, 28
Support Levels: 24, 23, 22
How Will EMA Positioning Influence Price Behavior Around 24 Pivot and Subsequent Trend Direction?
The EMA setup highlights 24 as a decisive pivot, where sustained weakness could drive a slide toward 23–22, while stabilization may spark a bullish crossover and recovery toward 28, positioning long-term investors to scale entries near support or await rebound confirmation as the price approaches critical pivots.
The 15-day EMA is gradually tilting southward while maintaining close proximity above the 50-day EMA, reflecting weakening short-term momentum against the broader trend. Concurrently, the prevailing bearish candlestick structure signals the potential for continued probing of lighter downside levels as the market attempts to consolidate. Moreover, the stochastic oscillators have sharply entered the oversold territory, suggesting that relief rallies may remain limited in scope, thereby delaying the prospect of a decisive rebound.
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