In preparation to conclude the prevailing downtrend in the business activities of Angle Plc (LSE:AGL), the market appears to be positioning for a baseline resettlement, as the stock trends toward a support retest below the 6 mark.
In the meantime, a selling candlestick is in the making, spanning slightly across the trade line of 6. Subsequent movements appear likely to unfold in a gradual downside drift, signaling weakening momentum as bearish forces consolidate positions around developing resistance levels and critical liquidity zones. If sustained, this pressure could drive the market toward deeper support tests, reinforcing bearish dominance in the near term.
Resistance Levels: 8, 9, 10
Support Levels: 5, 4, 3
Will Sustained Bearish Pressure, Confirmed by EMA Alignment, Push the Market Into Deeper Support Tests?
The bearish EMA alignment validates prevailing downside momentum, suggesting an increased probability of deeper support retests. The Angle Plc stock traders should remain cautious, as sustained pressure may extend declines and reinforce short-term bearish control across sessions.
The configuration of the moving averages around the 6 level highlights it as a critical trade line. Moreover, the 15-day EMA has crossed beneath the 50-day EMA, reinforcing bearish sentiment. Concurrently, the stochastic oscillators are swerving southbound, attempting to penetrate the oversold region, which may indicate intensified selling pressure ahead.
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