SRT Marine
Systems stock (LSE:SRT) has dipped amid a strong rally, and it is expected to
recover, to continue the rally and go further upwards.
4 EMAs are
used for this analysis and they are EMAs 10, 20, 50 and 200. The Color that
stands for each EMA is shown at the top left part of the chart. The EMAs are depicting
an uptrend. However, the recent dip almost threatened the bullish bias.
An upwards
bounce has already started and that is hoped to recover the recent losses.
Therefore SRT will reach the resistance levels at 35.00, 40.00 and 45.00 before
the end of this year.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Trading realities: Trading realities
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