Rare Earth Minerals stock
(LSE:REM) has assumed a serious bullish bias, and this is something that results
in windfall for the buyers. Recently the market, which was trending downwards,
found some bottom at support level of 0.4. The bottom was found during a
protracted consolidation phase that held out for a few months.
In May 2014, the price
broke upwards in a significant mode. The breakout has been sustained and
supported by the 4 EMAs in the chart (the color that stands for each EMA is
shown at the top left side of the chart). The EMAs are EMAs 10, 20, 50 and 200.
The market has to go upwards as long as it stays above the EMAs.
The price may pull back
towards the EMA 10 or EMA 20; giving speculators another chance to open new long
orders in future. A pullback towards the EMA 50 is another great chance for new
long orders. Generally, the price would go upwards, eventually reaching the
resistance level at 20.00
When it comes to market
information, today’s speculators have lots of garbage and gems to choose from. The
effect of a single trade is markedly different than the effect of a series of
trades. Accepting negativity means we are investing in the expertise that would
eventually result in our future gains that will arise from positivity. Yes, the
markets will reward us.
This forecast is
ended with the quote below:
“As long as your trading plan is solid and doesn’t have
too many gaps in it, you have a chance of qualifying for the next round. A
solid plan will keep you in the tournament. A weak plan will see you getting knocked out in the early stages
of the tournament.” – Lee
Sandford
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Learn from the Generals of the Markets: Market Generals
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