Reabold Resources Plc. stock (LSE:RBD) is currently making investors sad. People cannot be happy when the value of their investment is plummeting in their faces. The bearish trend that started recently has really become significant.
Price began going down in October 2020, and that has become serious as
price dropped massively as a result of panic selling. The ADX period 14 is around
the level 20, which shows there is much room for the momentum to even increase,
supporting the current selling pressure in the market. DM- is above DM+ (bears
hegemony).
MACD default parameters, has both its signal lines and histogram below
the zero line. There is a Bearish Confirmation Pattern in the market – further
weakness is envisaged. The last candle in the chart is a massive bearish
candle, and RBD might eventually reach the accumulation territories at 0.35,
0.25 and 0.15 within the next several months.
That is bad news for those who own RBD.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
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