Sareum Holdings Price: SAR Has Surged, Featuring a Bullish Candlestick

PUBLISHED: 17 Feb 2024 @ 19:37 | Comments (0) | More info about Azeez Mustapha

According to a path of some reductions in the exchange of the Sareum Holdings Plc price and valuation (LSE:SAR), the stock market has made a high surge from a point a bit above the line of 25, making a bullish candlestick spanning closely to the line of the smaller moving average.

Based on the EMAs’stance trend, the candle’s emerging view has cast the market’s narrative toward trading in a bullish light. Along with that emotion, an oversold situation has also been identified to determine that, provided there isn’t a downward reversal motion to produce a formidable breakdown of lines between 25 and 20, further sales could not be the best course of action.

Resistance Levels: 60, 70, 80
Support Levels: 25, 20, 15

Can a decline in the SAR Plc trade still invalidate the bullish candlestick that has formed below the EMAs by breaking several supports?
Over time, the market operations have been run through variant lows that have formed a significant downward trend to the extent of producing decent cycles for shareholders to start featuring a comeback, given that the price has surged, making a bullish candlestick to average the lesser EMA’s zones.

The 15-day EMA trend line is closely positioned above the bullish candlestick in the making, leaving the 50-day EMA trend line at the top. The stochastic oscillators have penetrated the oversold region to signify that pushes in the south direction won’t get ideal dealings.

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 Ltd. ADVFN Ltd 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.

Sareum Holdings Plc Price: SAR to Consolidate at a Lower Spot by Azeez Mustapha