Debenhams: The selling pressure to continue

Hundreds of points will be shed.

Debenhams stock (LSE:DEB) is a bear market. The stock has been trending southwards since May 2018, and that is a propensity that is supposed to continue.

There is a kind of ranging activity in the market right now, but that is supposed to end soon as the southwards movement resumes. Price is essentially below the EMA 21, and the Williams’ % Range period 20 is below the level 20.

While the Williams’ % Range period 20 shows an overbought zone, the bearishness in the market would continue irrespective of occasional rallies which are expected to be temporary. Hundreds of points will be shed.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: Trading realities 

  

Source: http://uk.advfn.com/newspaper/authors/azeez-mustapha

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