Pantheon Resources Plc (LSE:PANR) extends its pullback as selling pressure intensifies, pushing the price toward a potential exhaustion point. Momentum indicators show weakening downside force, suggesting that while sellers remain dominant for now, the market may soon approach a stabilization or reversal zone.
The Pantheon Resources Plc exchange market continues to soften as sellers approach a peak phase, with downside pressure keeping the price vulnerable toward 20-15 support levels. However, momentum fatigue is emerging, and any shift in volume could trigger a rebound toward 25–30 points. The overall setup indicates weakening bearish control, leaving room for both a brief extension lower and a potential corrective rally.
Resistance Levels: 27.5, 30, 32.5
Support Levels: 15, 12.5, 10
How Does PANR’s Price Weakening Below the EMAs Signal Further Bearish Pressure or Potential Reversal?
Pantheon Resources Plc stock trading below the Exponential Moving Averages reflects sustained bearish pressure, showing sellers still control near-term direction. However, repeated closes beneath these averages may also indicate momentum fatigue, leaving room for a potential technical rebound if buying volume increases at key support levels.
The Stochastic Oscillators are gradually trending southward, slipping partially into the oversold region. The 15-day EMA remains firmly positioned beneath the 50-day EMA, with both moving averages aligning closely just above the 25 level, reinforcing sustained downside pressure at that spot.
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