Scancell Holdings Price: SCLP Experiences a Pullback, Dropping Toward 10 Level

PUBLISHED: 24 Jul 2025 @ 12:28 | Comments (0) | More info about Azeez Mustapha

Previously, between April and May sessions, bulls managed to push through resistance around 11 with lesser efforts to elongate it past 12 points in the stock exchange of Scancell Holdings Plc (LSE:SCLP), and the same thing has happened, given that the price currently suffers a retracement, dropping toward the trade line of 10.

With the emergence of a bearish candlestick stretching downward across the 11-market line—aligned with the current stance of oscillators positioned in the overbought zone—the setup strongly indicates that profits taking is likely to override any lingering bullish sentiment or rebound expectations.

Resistance Levels: 12, 13, 14
Support Levels: 9.5, 9, 8.5

Which Levels Should Be Considered as Key Support Zones for SCLP Plc Below the EMAs?

The technical structure of SCLP Plc points to a stronger likelihood of price consolidation around the EMAs, with reduced chances of either a decisive breakout or breakdown, given that the price currently suffers a pullback, dropping toward the 10 level.

Indicators reveal that the 15-day EMA trend line has been subtly tracking in a lateral trajectory across the 50-day EMA, forming a consolidation base beneath a cluster of candlesticks. The stochastic oscillators remain anchored in the overbought region, signaling potential bullish exhaustion and a diminishing likelihood of an immediate upward continuation—particularly in the absence of renewed volume inflows or confirming structural signals.

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