Monday, September 6, 2021

This stock begins shocking and strange movements

Touchstone Exploration Inc. stock (LSE:TXP) has begun some strange and shocking movements. From March 2021 to April, price experienced a serious bearish movement, and it is currently consolidating.


The consolidating movements sometimes trick bulls into believing that price is about to skyrocket but that is a ruse (and that is why the movement is a kind of uncanny). The market is currently weak and further bearish movement is clearly envisaged here.

It is expected that price will break below the lower Trendline and the RSI period 14, which is already below the level 50, will become significantly below it, as the market breaks out to the downside.


The outlook on TXP remains bearish for this year and the accumulation territories at 80.00, 75.00 and 70.00 can still be tested.



Azeez Mustapha


Market Analyst, Trading Signals Provider and Coach


Teach Yourself Technical Analysis:



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