Two Shields stock (LSE:TSI) is a bear market. Price has
been going downwards. The downwards trend started in May 2018 and has held out
till now.
Price moved below the lower Trendline in September (although
it had attempted to go below it in early August, in a failed bid), and it has
remained below it.
The RSI period 14 is below the level 50 – even in
the oversold region. This means that while there may be temporary rallies in
the market, the down trend is expected to resume as it takes price towards the
support levels at 0.170, 0.150 and 0.130 within the next several months.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Perfect Money/Payeer/Epay/Neteller/Skrill: ItuGlobal
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