Business

Is this an opportunity to buy TXP cheaper?

NS
Azeez Mustafa

Release:
December 7, 2021 @ 06:48 |

Comment (0)

|

More about Azeez Mustafa

Share on Linkedin

Shares of Touchstone Exploration Inc. (LSE: TXP) I have just experienced a pullback in a bullish effort. The bulls began in September 2021 and ended the pre-epidemic period.

The RSI period 14 is currently below level 40, which means a “sell” signal. However, the price itself is between the upper and lower trend lines. If the price falls below the lower trend line, it validates the RSI signal for a sell transaction. Otherwise (if the price is above the top trend line), the sell signal will be invalid.

In that case, the RSI must generate a “buy” signal above level 60. This gives you the opportunity to buy TXP at a lower price.

Teach yourself technical analysis: Learn technical analysis yourself

Please click here Register for free ONADVFN, the world’s leading equity and equity information website, provides retail investors with all the latest high-tech trading tools, live price data streaming, stock quotes, and all the major “Level 2” data in the world. Has the option to access. 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 opinion of ADVFNPlc. ADVFN Plc does not monitor, approve, approve, or edit these articles. Therefore, we are not responsible or warranted in connection with your or any third party’s reliance on such information. The information available on ADVFN.com is for general information and use only and is not intended to meet specific requirements. In particular, this information does not constitute any advice or recommendation by ADVFN.COM and is not intended to be trusted by the user when making (or refraining from) making investment decisions. The authors may or may not have a stock position they are discussing, but their opinion is in line with their deal and the company they are discussing, It should be considered very likely that you have a position in forex, commodities and other commodities.

Is this an opportunity to buy TXP cheaper?

Source link Is this an opportunity to buy TXP cheaper?

Related Articles

Back to top button