Key supports breached. Super Group is likely to see further correction after violating its 4-month uptrend support recently; this was followed by a strong bearish break below its 50-DMA and $3 key support on heavy volume in the last session.
Indicator is bearish. The MACD has just fallen below the centerline, suggesting that the downside momentum could continue.
Next key support at $2.45. The counter could possibly slip further towards the next key base at $2.45 (resistance-turned-support) in the weeks ahead.
Immediate resistance at $3. Meanwhile, $3 is
now the newly established support-turned-resistance.
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