After a period of mild profit-taking and sideways movement, Pantheon Resources Plc (LSE:PANR) buyers stepped in decisively, absorbing sell pressure and pushing the price upward. This renewed buying interest helped the market regain momentum, driving the price closer to the 30 resistance level.
The stockholders stepped in decisively, absorbing much of the selling pressure and steadily driving the price upward. This renewed buying activity has strengthened market momentum, pushing PANR steadily toward the 30 resistance level, while signaling growing trader confidence and the potential for a continued short-term bullish trajectory in the sessions ahead.
Resistance Levels: 33, 36, 38
Support Levels: 22, 20, 18
Can PANR Plc Sustain Its Upward Momentum While Approaching Key 30-Level Resistance Zone?
With strong buying interest supporting Pantheon Resources Plc, the stock appears poised to test the 30-level resistance. If momentum continues, it could break this key barrier, signaling further short-term gains. Traders should watch for sustained demand to confirm a potential bullish continuation.
At the time of this analysis, the chart shows that market movements have produced a series of bullish candlesticks, causing the 15-day EMA to curve slightly northward, remaining just below the 50-day EMA. Meanwhile, the Stochastic Oscillators are displaying a northbound-swerving pattern, indicating growing upward momentum.
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