Tower Resources Price: TRP Keeps Bearishly, Keeps Finding Footstep

PUBLISHED: Dec 30 2023 @ 03:18 | Comments (0) | More info about Azeez Mustapha

A longevity of a downward trend has been maintained in the activities of Tower Resources Plc stock (LSE:TRP), as the price keeps finding footstep alongside the paths of the moving averages.

The indicators’ positioning pattern has changed to the south in order to reach a low value that is optimal for shareholders to start staking. Given that sentiment, shorting transactions must be placed on hold since there is insufficient gravitational input to construct further sustainable drawdowns below the EMSs’ breaking point.

Resistance Levels: 0.035, 0.045, 0.055
Support Levels: 0.015, 0.010, 0.005

When will the price of TRP Plc, which is currently trading at 0.022, turn away from the present bearish trend?
There will be a formidable change of direction when a certain trade condition is observed during an oversold situation, coupled with a bullish candlestick formation below the EMAs, as the TRP Plc stock keeps bearishly finding footstep.

For several sessions, the 15-day EMA trend line has been staying below the 50-day EMA trend line. The stochastic oscillators are attempting to go back northward from a southerly direction. Additionally, they exist between 40 and 20 points. It is strongly advised that purchasing habits be given more consideration at this time than in the past, considering the reading locations of the indicators.

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