San Leon stock (LSE:SLE)
has been going bearish, and it is supposed to remain bearish for a long time.
The current spike in the market should be ignored.
In the months of
January, February and March, the market was caught in a thigh consolidation,
but that has changed.
Price went below the
lower Trendline in May 2017 and it has been going downwards since then. Rallies
are supposed to be temporary here. The RSI period 14 has been showing some kind
of a bullish signal, but that would change when it goes lower and lower.
San Leon would target the support levels at
30.00, 29.00 and 28.00 within the next several months.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Traders’ Mindset: Traders' Mindset
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