Vast Resources Plc (LSE:VAST) has broken a key support level, indicating short-term bearish pressure. Traders should watch the 0.10 zone closely, as holding above this level could signal consolidation, offering a potential entry point for cautious buyers anticipating a rebound.
The stock exchange market has recently broken a key support level at 0.2, reflecting short-term bearish pressure and increased selling activity. Market participants should closely monitor the 0.10 zone, as successful defense of this level could indicate consolidation and renewed buying interest. If the price stabilizes above 0.10, it may present cautious traders with an opportunity for measured entries ahead of a potential rebound.
Resistance Levels: 0.25, 0.3, 0.35
Support Levels: 0.1, 0.08, 0.06
With EMAs Positioned Above Current Trade Lines, Will VAST Hold Near the 0.10 Support or Extend Lower?
VAST Plc shares position below the EMAs, signaling prevailing short-term bearish momentum. If the 0.10 support holds, consolidation may occur, allowing cautious traders to consider measured entries. Failure to maintain this level could trigger further downside toward the next support zones.
Over the past few months, the Stochastic Oscillators have been steadily oscillating in the oversold region, indicating a sustained selling force. Similarly, the 15-day EMA trend line has consistently remained below the 50-day EMA trend line, reinforcing the prevailing bearish momentum.
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