LUMIA is currently trading at £1.235, rebounding from its 24-hour low of £1.214 and retreating from its 24-hour high of £1.410. This consolidation phase indicates a brief pause in the uptrend.
LUMIA's technicals suggest a bullish continuation, with the recent pullback providing an opportunity for investors to scale in. The support at £1.20 has held, and the price is now testing the £1.24 resistance.
A breakout above £1.24 would target £1.35 and potentially £1.41. Conversely, a reversal below £1.20 would indicate a trend shift.
Market sentiment remains positive, with traders anticipating further upside. Long-term investors should hold or accumulate on dips above £1.20. Short-term traders can scale in above £1.24, targeting £1.35 and £1.41, with a stop-loss below £1.20.
Monitor LUMIA's price action for a potential push above £1.24, which could accelerate the uptrend. The current consolidation phase is likely a brief pause before the next leg up.
