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Persimmon - inverse flg and pole, RSI signaling weakness

PERSIMMON ORD GBP0.10 (LSE:PSN)  
TipTVFinance  
LSE:PSN   PERSIMMON ORD GBP0.10
persimmon Equity Stocks UK100 CFD ftse100
3
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persimmon equity stocks uk100 ftse100
Hourly chart has -

  • Inverse flag and pole formation. This a continuation pattern which means a bearish break signals continuation the downtrend.
  • The hourly RSI has formed falling tops, which suggests the odds of prices moving towards a bearish break are high.

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