Tuesday, November 22, 2016

Talktalk Shares Decline

Talktalk shares (LSE:TALK) have started to decline, and further decline is expected, till the end of this year.

Price has been going south gradually since October 2016, with some transitory rally attempts along the way. This month, price broke below the lower Trendline, as the RSI period 14 goes below the level 50.

In fact, the decline has been so strong that the RSI period 14 is already in the oversold region. While there may be some bullish effort along the way, Talktalk is expected to keep up declining into the support lines at 150.00, 140.00 and 130.00.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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