Audioboom Group Price: BOOM Is in a Bullish Moves, Tending a Reversal

PUBLISHED: 23 Feb 2025 @ 04:05 | Comments (0) | More info about Azeez Mustapha

Practically, since around last December’s trading cycle, buying impulses have continually dominated activities in the exchanges of Audioboom Group Plc (LSE:BOOM), as the stock market is in a bullish move, tending to a reversal below the resistance of 700.

The market is currently trading around the 616 level, with the smaller moving average trend line slightly breaking upward, positioning itself above the 500 support, around 535.3477. It would be advisable for buyers to consider partially exiting their positions until a new phase of confirmation is observed from the oscillators, especially if they reposition into the lower zones or oversold region, signaling a potential reversal for re-entry into the market.

Resistance Levels: 700, 750, 800
Support Levels: 500, 450, 400

Should buyers disregard patience and place fresh orders based on the oscillators’ current tendency positioning posture in the BOOM Plc stock?

Longing of fresh buying orders will technically be out of the principles that guide decent trading tips at this point, given that the Audioboom Group Plc shares offering company is in a bullish moves, tending a reversal.

The 15-day EMA has demonstrated a definitive crossover above the 50-day EMA, establishing critical support around the 500-point level. Meanwhile, the stochastic oscillators have tentatively retraced southward from the overbought region, reaching the 80 level. This suggests that new buy orders should be temporarily paused.

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