Blackbird Price: BIRD Surges, Approaching 7 Resistances

PUBLISHED: 15 Sep 2024 @ 08:34 | Comments (0) | More info about Azeez Mustapha

It is important to take note of the way that the price actions have been giving in back to a reversal, given that Blackbird Plc (LSE:BIRD) now surges, approaching 7 resistances.

There is a discernible reversal force at work in the current scenario; therefore, the oscillators’ passage through the overbought level shouldn’t stop. The larger moving average is currently hovering around 5.49, serving as an important trend line that supports the stock market’s trading style.

Resistance Levels: 7, 8, 9
Support Levels: 4.5, 4, 3.5

In the event that the price of Blackbird Plc stock trades in an overbought area, is a consolidation movement style possible?
Looking at the systemic positioning outlook of the moving averages at this point, the buying pressure has to keep rising above the base of the current bullish candlestick above the line of the larger moving average, given that the stock trade presently surges, approaching 7 resistances.

After reaching the point of 5, the 15-day EMA trend line began to curve from beneath the 50-day EMA trend line. The stochastic oscillators have entered the overbought area and are moving northward. This means that customers should proceed cautiously before pressing for larger orders.

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