Pantheon Resources Plc Price: PANR Stays Underlying, Building a Base

PUBLISHED: Dec 08 2023 @ 03:18 | Comments (0) | More info about Azeez Mustapha

The Pantheon Resources Plc stock market (LSE:PANR) stays underlying closely above the support of 17.50, building a base.

The entire indicator set’s technical combinations line up with the price action’s downward trajectory. Meanwhile, there has been some upward movement, indicating that sellers are about to lose impetus below the moving average trend lines. Investors are therefore expected to start building holdings based on long-term arrangements.

Resistance Levels: 25, 30, 35
Support Levels: 17.50, 15, 12.50

Should traders anticipate further lows in the PANR Plc stock that are below the EMAs?
A long-standing of the market around the moving averages, coupled with the repositioning posture of the stochastic oscillators at a higher zone, will potentially allow the price to keep in consolidation against the EMAs as the PANR Plc shares stay underlying and build a base around 20.

The 15-day EMA trend line has crossed over the 50-day EMA trend line and is now located on the south side. The oversold area is where the stochastic oscillators are dipping their lines, indicating that bulls are beginning to hesitantly reassemble their catalysts. The overwhelming conclusion is still that capitalists should start stock stacking right now.

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