Minoan Group Price: MIN Pushes Southward, Averaging 0.4

PUBLISHED: Jan 08 2025 @ 09:16 | Comments (0) | More info about Azeez Mustapha

In the previous exchanging activities, Minoan Group Plc (LSE:MIN) held firmly against letting a breakdown of 0.5; as against that situation, the current outlook portends that the stock pushes southward, averaging 0.4.

Our decision would remain in effect in the meantime as a precautionary measure following an attempt to reinstate optimal yearning position orders. To avoid possible whipsawed trade circumstances, which can occur quickly from that price level, it is necessary to halt new shorting orders as the oscillating tools have been observed deeper into the oversold zone.

Resistance Levels: 0.7, 0.8, 0.9
Support Levels: 0.3, 0.2, 0.1

Given that the MIN Plc stock is around the 0.4 mark below the EMAs, is it psychologically acceptable for sellers to go down still?

Logically speaking, it appears unethical to open new orders in anticipation of seeing more fearful declines in the business operations of Minoan Group Plc, given that the shareholdings now push southward, averaging 0.4.

The 50-day EMA’s trend line is above the 15-day EMA’s trend line. Bearish movement is about to finish sooner rather than later, according to the candlesticks’ featured pattern. The tracks of the stochastic oscillators have veered toward the oversold area. And it indicates that the time is right for purchasers to take back their positions.

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