Bad news for those who own this stock

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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.


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