Sopheon Still Struggling At Resistance

Sopheon Still Struggling At Resistance

Last post: May 15th. See chart.

Review: Price was struggling to break through the £10.00 round number.

Update: Price is still struggling at this psychological level.

Conclusion: Price remains above the Daily 50 & 200 simple moving averages so we can still wait for long opportunities but a break of the support level and price may move further down and towards the 50 simple moving average .

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