Is this an opportunity to buy TXP cheaper?

Azeez Mustafa

December 7, 2021 @ 06:48 |

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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.

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Is this an opportunity to buy TXP cheaper?

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