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Tuesday, August 29, 2017

Big Sofa Tech – a good bearish market

Big Sofia Tech stock (LSE:BST) is a good bearish market. This has happened after some protracted sideways movement that was seen in the past several months, especially in the months of April to June 2017.


The ADX period 14 is above the level 30 and close to level 40, suggesting a strong momentum in the market. The DM- is above the DM+, showing that bears reign. The MACD, default parameters, has both its histogram and signal lines below the zero line. There is a Bearish Confirmation Pattern in the market, and price is supposed to continue going downwards in spite of the upwards bounce that is being experienced right now.

Big Sofa Tech is in a bearish trend and it is expected that it would continue to trend southwards.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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