It has been practically demonstrated that bulls’ rising forces are wallowing in a peak trading zone, as the activities marking the exchanges in the Itv PLC (LSE:ITV) hold negative, striving to trade underneath 85 barriers.
Emerging bullish forces are appearing above the buy signal zones of the moving averages. Meanwhile, tug-of-war activity between buyers and sellers is occurring near the 81.10 and 80 price levels, as most indicators show reversal patterns—suggesting that profit-taking may soon unfold.

Resistance Levels: 85, 90, 95
Support Levels: 75, 70, 65
Given the indicators above trading levels, will ITV Plc stock keep rising soon?
With the look of things from the positional postures of the indicators, it is likely that investors have to suspend pushing steadily from 81.1 and 80 values, given that the Itv Plc stock operation holds negative, striving to trade underneath 85 barriers.
Being as it is, the trend line of the 15-day EMA indicator has recently and decisively intercepted the 50-day EMA indicator to the upside, showing respective values of 77.89 and 76.05 or thereabouts. The stochastic oscillators have now clearly penetrated the overbought region, indicating that further short-term, stable price increases may not be technically or fundamentally sustainable.
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).
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 Ltd. ADVFN Ltd 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.