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Tuesday, August 27, 2013

Ural Energy Shoots Towards The Skies


Urals Energy shares (LSE:UEN) have been making attempts to go skywards, and they could even shoot upward eventually. The market was in a downtrend for the past several months, before it consolidated a bit, and then began to trend upwards. What happens when the market leaves the consolidation phase? The subtle agreement between the bear and the bull would eventually lead to amazement, later to aloofness, and later to desperation. Desperation would lead to herd mentality, pushing the market further north. The resultant momentum in the market also contributes to bullish trend.



The possibility of a northward bias occurred when the price broke the EMA 21 to the upside and eventually closed above it. The Williams’ % Range period 20 is also in support of the northward bias. That is how possibility becomes an accomplishment. I know that there are astute market players who are already making money from the kind of price action mentioned here. Garnering gains from speculation is not the same as knowing why the gains are garnered. Thus, there are victorious market players whose trading methodologies cannot be comprehended.

Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Ground-breaking lessons from expert traders: Lessons from Expert Traders


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