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
What Super Traders
Don’t Want You To Know: Super Traders
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