Two Shields – Selling to Continue

Share On Facebook

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.

 

Trading realities: Trading realities 

 

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20191014 04:36:20