Selan Exploration Technology Limited has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range.
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There is
no resistance in the price chart and further
rise is indicated. In case of a negative
reaction, the stock has support at
approximately 330 rupee. Volume has
previously been high at price tops and low
at price bottoms. This weakens the trend
break. The stock is overall assessed as
technically positive for the medium long
term.
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