JQW stock (LSE:JQW) shall plunge towards the demand
level at 30.00 within the next several weeks or months. This is very likely because
the dominant bias has been bearish since the beginning of July 2014.
Now, there is a clean rally attempt in the market,
which gives another opportunity to go short at a better price. The price is
generally below the EMA 21 and the Williams’ % Range period 20 – which has
always been around the oversold territory – has surged upwards. The upward
surge is a trap to the bull, since the price is expected to come down again,
reaching the aforementioned demand level. In this kind of market, the astute
bear is not afraid of going short again (or remaining short). The chimpanzee is not afraid of somersaulting.
This forecast is ended by the quote below:
"You know traders are growing when they start asking
questions that have answers." --
Old Trader
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Learn from the Generals of the Markets: Market Generals
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