Thursday, April 17, 2014

There is a clean opportunity to go long on Quindell

There is a good opportunity to go long on Quindell stock (LSE:QPP). The long-term trend is bullish and the current pullback creates a great chance in the market. Here, the stubborn bear may not fear the possible northward outbreak: the fly does not fear death.  But it is certain that the bear would be sliced up when the price goes north.

4 EMAs are used for the analysis. They are EMAs 10, 20, 50 and 200 (the color that stands for each EMA is shown at the top left part of the chart). All the EMAs are sloping upwards, with the EMAs 50 and 200 acting as good support. The current pullback may be halted when it reached the EMA 50, and from there the price may rally, probably reaching the resistance level at 50.0.

Conclusion: Quindell would move upwards. When the stock fails to move, we would not want to trader it. Going long when things look cheaper gives us some edge. We do not want to force the market to give us profits, but we are thankful for whatever profits it gives us.

This forecast is ended with the quote below:

“The best traders understand that there is no Holy Grail and think about their system in terms of probability. Because the outcome of any single trade is unpredictable (random).” - Dr. Dariusz Swierk

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Eye-opening trading lessons: Lessosn from Expert Traders

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