Selling pressure to bring windfalls to bears on Bidstack Group (BIDS)

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Bidstack Group plc shares (LSE:BIDS) have already formed a bearish bias, and that is supposed to balloon into massive selling in the market. Bears can be richly rewarded soon.

Price is currently below the EMA 21, and Williams’ % Range period 20 is now heading into the oversold region. There is already a “sell” signal in the market, and price would continue going further and further downwards, reaching the demand levels at 19.00, 18.00 and 17.00.

Any rallies here should be disregarded, and dips should be given more attention, as the market would trend downwards for the next several months (the current subtle bearishness started a few months ago).

Yes, further weakness is anticipated on BIDS and this would be windfall for sellers.

Trading realities: Trading realities

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