Pantheon Resources Price: PANR Sees an Ascending Order, Staying Above 20

PUBLISHED: Jan 20 2024 @ 10:02 | Comments (0) | More info about Azeez Mustapha

Over a couple of sessions, the Pantheon Resources Plc shares market (LSE:PANR) has been seeing an ascending order, staying above the support of 20.

Meanwhile, it appears that bulls’ ability to actively break above the overhead trade barrier line of 30 will continue to be strong resistance to any more upward forces that may emerge in the following moves. In light of the preliminary release of velocity in the south, capitalists would find it equally psychologically advantageous to start position staking, even though there may likely be room for more downward moves toward or away from the value of 20.

Resistance Levels: 30, 35, 40
Support Levels: 20, 17.50, 15

What is the future outlook for the PANR Plc market’s EMAs’ present northward interception above the 20-point?
As there has been an interception of northward posture between the EMAS, it is an indication that subsequent operations are going to witness uprising forces, given that the Pantheon Resources Plc market has been made to experience an ascending order, staying above the point of 20.

Around the trade value of 25, the 15-day EMA trend line has been placed closely over the 50-day EMA trend line. The stochastic oscillators started out moving southward and reached a point at about 20, but then they started to veer somewhat in the direction of an upside cross-back around the line of 40. With all those signs in place, it is more likely that buyers will suffer slight, steady declines in the wake of this stock move than steady advances for a while before pushing positively in the long run.

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