Thursday, June 8, 2017

BMR Group to continue losing

BMR stock (LSE:BMR) is a bearish, losing market and this is what could continue. The market was bullish until February 2017, when things started coming down.

The current bearish movement has been in place for more than 3 months, and this just seems to be the beginning. The EMA 21 is sloping downwards as price stays below it. The Williams’ % Range period 20 is in a neutral territory (not in the overbought or the oversold region).

As the market goes further south, the Williams’ % Range may fall into the oversold region, as BMR Group stock loses more and more points.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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