Royal Dutch Shell’s share price chart is turning negative - Zak Mir
Traders could start thinking about going short of shares in Royal Dutch Shell Plc (LON:RDSB), according to Zak Mir, who highlights a bias that’s ‘slightly downward’.
He points out that the top of the share’s currently positive trend channel is around £24 (would be 10% upside to current price of £21.80) but the support is pitched at £20.61 and momentum is negative.
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/stocktube/6945/royal-dutch-shells-share-price-chart-is-turning-negative-zak-mir-6945.html
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