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Supply@me Capital Price: SYME to Set a Descending Pattern

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There has been a feeling that the Supply@me Capital Plc stock holding company (LSE:SYME) may soon set a descending pattern around the 0.11 resistance trading zone in the pursuance of a sharp reversal of an upward trend hitting the 0.12 resistance a couple of days back. To reassemble depression forces to support the post-depression decreases, certain upsurges will be seen through the indicated resistance points suggested below. Thus, buyers should be careful of jumping alongside such a presumed moving force to escape the unnecessary whipsawed moment.

Resistance Levels: 0.11, 0.12, 0.13
Support Levels: 0.070, 0.060, 0.050

What is likely to be the SYME Plc market buyer’s position above the EMA trend lines now?
In line with the headline, it is likely for the Supply@me Capital Plc price to set a descending pattern far above the EMA pathways. The 15-day EMA indicator has intercepted the 50-day EMA indicator to the north side as they point between 0.057005 and 0.068113. The Stochastic Oscillators have penetrated the overbought region, keeping a slight northbound-crossing mode to signify that a decline motion is in the pipeline.

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