Two Shields – Selling to Continue

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.

 

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