Diversified Energy Company Price: DEC Conjectures a Rise, Facing a Barrier

PUBLISHED: Nov 13 2024 @ 01:35 | Comments (0) | More info about Azeez Mustapha

A path to the upside has formed in the wake of seeing a rallying force while the Diversified Energy Company Plc bears (LSE:DEC) failed to push more beyond 800 between September and October sessions, as the shares market conjectures a rise, facing a barrier around 1000.

Two bearish candlesticks have been produced as a result of the approaching reverse action. If the 900 mark is still difficult to break southward, buyers will maintain their positions in the interim. It seems sense for long-term investors to maintain their holdings over 935 or similar by running them through various moving average overhead resistances.

Resistance Levels: 1,100, 1,150, 1,200
Support Levels: 850, 800, 750

In the next operations, will the stockholders of DEC Plc have positions above the EMAs?
The trade lines between 935 and 900 needed to remain unbreakable to the downside, as the Diversified Energy Company Plc stock trade conjectures a rise that has led to facing a barrier around 1000.

There has been a slight northward interception between the moving averages, given that the 15-day EMA is at the top of the 50-day EMA. The stochastic oscillators have briefly swerved southbound, touching the point of 60. The situation may cause a cycle of pit stops that might not eventually lose momentum in the negative direction.

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.