Inspirit Energy Holdings stock (LSE:INSP) has moved disappointingly to the south. The market has formed a strong base, which has been in existence for several months.
All bullish breakouts have proven to be fakeouts, as buyers got sliced along the way. Spikes in price quickly faded as price constantly returned to the base.
Investors think price has nowhere to go but to the upside, however, price has turned downwards, now expected to breach the lower Trendline to the downside. At the same time, the RSI period 14 has gone below the level 50.
There is a bearish signal in this market, contrary to what investors think, and price could reach the accumulation territories at 0.025, 0.020 and 0.015 within the next several months.
There is a nascent bearish breakout rather than a bullish breakout, and the bearish breakout will become more serious as time goes on.
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