Pantheon Resources Price: PANR Keeps Upside Momentum, Approaching Key Resistance Near 60

PUBLISHED: 06 Feb 2025 @ 03:04 | Comments (0) | More info about Azeez Mustapha

Over a couple of long trading sessions, it has been showcased that bulls have persistently been taking a lead in the exchanges of Pantheon Resources Plc (LSE:PANR) at the expense of bears weaknesses, given that the price keeps upside momentum, approaching key resistance near 60.

The candlestick formation has consistently aligned with bullish signals from the shorter-term moving averages, indicating steady upward momentum. However, the upward pressure has now reached a critical resistance level, suggesting a potential reversal could occur imminently.

Resistance Levels: 65, 75, 85
Support Levels: 45, 40, 35

Should the PANR Plc stockholders not be wary of the 60 barriers and go for more pushes far above the EMAs?

Capitalists are advised to begin taking some positions out in profits before a huge probable correction feature, as the Pantheon Resources Plc stock market keeps upside momentum, approaching key resistance near 60 marks.

The 15-day EMA’s upward trajectory, positioned just below the candlesticks and following its bullish crossover with the 50-day EMA, signals strong bullish momentum. Meanwhile, the stochastic oscillators remain in the overbought zone, consolidating for several weeks. This setup suggests a potential pause in the rally, with the market likely to undergo a corrective phase in the near future.

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