San Leon Remains Bearish

PUBLISHED: Jul 15 2017 @ 23:05 | Comments (1) | More info about Azeez Mustapha

San Leon stock (LSE:SLE) has been going bearish, and it is supposed to remain bearish for a long time. The current spike in the market should be ignored.

In the months of January, February and March, the market was caught in a thigh consolidation, but that has changed.

Price went below the lower Trendline in May 2017 and it has been going downwards since then. Rallies are supposed to be temporary here. The RSI period 14 has been showing some kind of a bullish signal, but that would change when it goes lower and lower.

San Leon would target the support levels at 30.00, 29.00 and 28.00 within the next several months.

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