Kaz Minerals Falls To Support
Last post: May 31st. See chart.
Review: Price had bounced off a support area and was above the £10.00 round number.
Update: Price has dropped lower but is finding support at another support level. The 200 simple moving average below may also provide support if price moves lower.
Conclusion: We will have to see if the support area can hold. It would be best to wait for price to break the 7th June high before considering long trades.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Review: Price had bounced off a support area and was above the £10.00 round number.
Update: Price has dropped lower but is finding support at another support level. The 200 simple moving average below may also provide support if price moves lower.
Conclusion: We will have to see if the support area can hold. It would be best to wait for price to break the 7th June high before considering long trades.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
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Join Our Private Community
bit.ly/join-ST-community
Plus Get Our Ultimate Stock Market Blueprint.
bit.ly/join-ST-community
Plus Get Our Ultimate Stock Market Blueprint.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.