Investors are advised to ignore
Goldstone Resources (LSE:GRL) shares until a clearer trading signal forms on
its chart. One way of recognizing this is explained below. A difficult market
requires a creative approach. It is a modern hound that is well suited to hunt
a modern hare.
In the past several months, the
trend on the chart has been bearish. Now it appears as if the price had found a
bottom, and is poised to go up. There are currently mixed signals on the chart;
something that requires investors to stay off the market. The ADX period 14
shows that the current trend is weak (though the DM+ is above the DM-). The
MACD default parameters have its histogram above the zero line, whereas the
signal lines are below the zero line. When would one buy in this market? One
would buy only when the ADX line has gone beyond the level 30, as the DM+ is above
the DM-. Then, both the signal lines and the histogram of the MACD should be
above the zero line. At this time, there should have been a Bullish
Confirmation Pattern on the chart. That would be the best time to buy. As
stocks are owned by investors, they are not without those who own them, and
whatever happens to them will affect their owners.
This article is ended with the quote below:
"If I have seen further, it is
by standing on the shoulders of giants."
-- Sir Isaac
Newton
NB: You would be
exposed to world-class, cutting-edge, and top-notch trading experiences here: www.advfn.com
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Copyright (C) ADVFN PLC
For more articles, go to: http://www.advfn.com/newspaper/authors/azeez-mustapha
NB: If you want
to receive permanently free winning Forex trading signals, please send me an
email titled: “A Request for Free Trading Signals.”
Send the request to: saazalmu@yahoo.com
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