Sopheon Breaks Support

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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