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Tuesday, April 26, 2016

Outsourcery – Panic Selling Begins

Serious panic selling has already started on Outsourcery shares (LSE:OUT). The price has become bearish since January 2016 before it gapped down this week, going further southwards as it gathers momentum.

The ADX period 14 is almost at the level 40, showing a great stamina in the ongoing trend. The DM- is vividly below the DM+, meaning that the bulls are being dominated by the bears. The MACD default parameters, has both its histogram and signal lines above the zero line. Further bearish movement is expected because there is a Bearish Confirmation Pattern in the chart.

The panic selling on Outsourcery shares are supposed to continue. Bulls would be slashed more and more.  

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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