Sopheon Breaks Support
SOPHEON PLC ORD 20P LSE:SPE
Last post: May 22nd. See chart.
Review: Price was struggling to break through the £10.00 round number then moved down and was approaching the support level .
Update: Price has broken through the support level and is now heading towards the 50 simple moving average .
Conclusion: Price remains above the Daily 50 & 200 simple moving averages so we can still wait for long opportunities if the 50 simple moving average holds price up.
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