Minoan Group Price: MIN Has Made Upswings, Opting for Further Positive Pushes

PUBLISHED: Feb 10 2024 @ 11:43 | Comments (0) | More info about Azeez Mustapha

A positive pathway has been on a composure pattern to generate a formidable basis for subsequent upraises as Minoan Group Plc shares, providing firm (LSE:MIN) that the price has made upswings, opting for further positive pushes.

Any attempt to allow a move downward will be met with appalling rebounds quickly due to the current northward rises that are accumulating steadily. With the trade features around 0.60, it would be premature for shareholders to withdraw from the market forces. After examining the majority of the clues, it appears that the upcoming activities could support a shopping frenzy.

Resistance Levels: 1, 1.10, 1.20
Support Levels: 0.40, 0.30, 0.20

Will the market bars for MIN Plc repress the movement by pushing through some supports that are lower than its previous volume?
Expectation toward seeing a stable level of fall-offs in the market operation as the MIN Plc shares enterprises, as the price has made upswings, opting for further positive pushes toward the resistance line of 1.

Right now, the 15-day EMA indicator has been able to go quite northward, nearing the 50-day EMA indicator’s position. When the moving averages successfully cross to the north, it will confirm as a trading signal that bulls are at the forefront of breaking through hurdles to challenge bears’ positions further. Using that supposition as a basis, it would be ideal for purchasers to build up around the moving averages before the long-term, aggressive plus upsurges emerge much above the EMAs.

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.