Supply@me Capital price analysis: SYME is now rated a “buy”

Supply@me Capital Plc shares (LSE:SYME) has generated a valid bullish signal on it. Although the market was generally bearish from April 2021 until the end of July, the bias has changed.

In August 21, bulls have made commendable effort to push price upwards, and that has resulted in a bullish signal in the market.

Price is well above the EMA 21 and the William’s % Range period 20 is above the level 60, sloping upwards. This is a bullish signal.

Eventually, SYME will reach the resistance levels at 0.40, 0.50 and 0.60, and that is expected to happen in the next several months. There would be temporary pullbacks along the way but buyers would be the overall winners.

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