Pantheon Resources Price: PANR Is Settling for Bounces, Trading Around 23

PUBLISHED: Dec 26 2023 @ 09:09 | Comments (0) | More info about Azeez Mustapha

The Pantheon Resources Plc stock market (LSE:PANR) has been seen settling for bounces above the support of 15, trading around the point of 23.

In the share market, buying moments have gradually returned since there may be more potential for a reduction path to validate the legitimacy of bulls taking a firm stand to build their movements sustainably to the north. It is anticipated that further market activity will support long-lasting styles. As a result, sellers do not have the likelihood index necessary to hold the price below the 15-point underlying support. Since a bullish candlestick formed around the line of the lower moving average, investors should be preparing for the process of staking their bets.

Resistance Levels: 30, 35, 40
Support Levels: 15, 12.50, 10

As the price trades around 23, which direction will the PANR Plc stock market move in?
Even though the market has just been making a fresh path toward swinging up to make a slight reverse, given that the PANR Plc shares trade is settling for bounces, trading around the zone of 23 as of the time of this technical piece,.

The stochastic oscillators have moved to the north to visit an overbought area, repositioning to indicate that an insurgent force is developing. The 50-day EMA indicator’s topside line, which is where the 15-day EMA indicator is now trending, is where it is expected to place.As a result, there will likely be additional increases in the upcoming sessions.

Learn from market wizards: Books to take your trading to the next

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

Follow @ItuGlobal

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.