Pantheon Resources Price: PANR Holds Rises, Settling in an Upward Momentum

PUBLISHED: 23 Jan 2025 @ 00:30 | Comments (0) | More info about Azeez Mustapha

A sudden northward jump has occurred in the way bulls in the exchanges of Pantheon Resources Plc (LSE:PANR) have initially pushing in rallies, as the financial transaction line remains settling in an upward momentum.

Buyers have been in control of the stock market, as seen by the increasing forces that have caused the trade value line to be at or around 50.7. Given that the market line has hit a high trading zone much above its moving averages, it would be technically unrealistic to anticipate seeing PANR Plc investors opt for new positions at this time.

Resistance Levels: 55, 60, 65
Support Levels: 30, 25, 20

Where is the major contending over barrier as the PANR Plc stock sets in an upward momentum above the EMAs?

The trade resistance between 55 and 65 seems to be the ideal projected over barrier spot that bulls might not be able to push through in the long run, given that the price now holds rises, settling in an upward momentum.

The trend line of the 15-day EMA is above the trend line of the 50-day EMA, showing that the prevailing forces have been positive over a long time. The stochastic oscillators have traversed into the overbought region, moving in a consolidation manner to denote that bears have been unable to hold back against the buying spree. However, it seems in the near term there might be a reversal of the trend once a bearish candlestick is spotted.

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