SHEL might test its resistance level at £24-24.30

AAATrade Team AAATrade

Today’s instrument is the Shell Plc stock, which operates as an energy and petrochemical company, and it is traded in London stock exchange under the ticker SHEL.

Looking at the SHEL’s chart, we can see that it was lastly traded at around £23.53.

Yesterday it announced better-than-expected quarterly earnings which was reflected at the yesterday’s opening price. Today, we could expect it to maintain the price above the support level, which is located at around £23.40, with the possibility to test the resistance level at around £24-24.30.

Author

AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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