Puretech Health Price: PRTC Nears 160 Barriers, Attempting to Consolidate

It has been recently witnessed that the pathway to the trade downside of Puretech Health Plc (LSE:PRTC) has reached a considerable lowering end that led the stock operations to regain an amount of catalysts as the price nears 160 barriers, attempting to begin a consolidation proceedings.

The long-term position movers would need to be wary of any downward force, especially against the trend line of the smaller moving average, in order to maintain the attempted consolidating movements in the long-term running style. Furthermore, the 140-point support line must continue to be a stable critical support spot.

Resistance Levels: 170, 180, 190
Support Levels: 140, 130, 120

As the EMAs appear to cross to the upside, what are the main trading areas of attention for PRTC Plc stock?
The current key bargaining spots of the Puretech Health Plc stock market have been between 160 and 140, given that price has moved close to the higher point, attempting consolidation.

The 15-day EMA’s trend line is currently advancing northward, very near the 50-day EMA’s trend line. Additionally, they are situated below the 160 line. The pattern of the stochastic oscillators has shifted to the north, especially between 60 and the overbought marks. This shows that buyers are working hard to take back positions in the exchanges.

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.

Comments are closed

WHAT IS ADVFN?

ADVFN covers all things stock market.

From the news and opinion pieces on pages like this to share discussion forums, charting tools, financials, live share prices and Level 2, order book data

If you trade or invest ADVFN has the tools you need to make the right decisions.

• 

  101 Ways to Pick Stock Market Winners

  You need the number one bestselling investment guide, the definitive text for day traders, investors and stock pickers.

• 

  The Death of Wealth

  Dissecting the global economy and the financial markets, the book lays out the evidence for the next economic game changer: the Death of Wealth.

• 

  John Piper

• 

  ADVFN Deals

• 

  Tom Clark

• 

  Clem Chambers