Adsense

Friday, September 29, 2017

Carillion – What Kind of Market Is this?

Carillion shares (LSE:CLLN) are now a strange market. The strangeness happens after the present protracted tight consolidation. This market moved sideways in the months prior to July 2107, and then gapped down massively, only to start consolidating again.

Why it this strange market? The ADX period 14 is not below the level 50, and the DM+ is above the DM-. That is a bullish signal. However, the MACD default parameters, has its signal lines below the zero line, while the histogram is above the zero line. The indicators do not agree with each other because the market itself is strange.

It seems a movement to the upside is the most likely, because the MACD signal lines are now sloping upwards, and once they cross the zero line to the upside, it would result in a Bullish Confirmation Pattern. Until that happens, it might be OK to stay away from Carillion for now.


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Traders’ Mindset: Traders' Mindset


Buy and sell Perfect Money/Payeer/Epay; get funded quickly: www.ituglobalfx.com.ng



Start your journey to permanent success: http://www.tallinex.com/open-account?i=128521 

5 comments:

  1. Searching for the Best Dating Website? Create an account and find your perfect date.

    ReplyDelete
  2. Snatch $760 in just 72 seconds! - ABS trading software is LIVE

    A good friend of mine just showed me this incredible
    developer, a TOP secret trading formula and $236,708.43
    per month all in the same sentence...

    This is something so incredibly profitable it's ridiculous.

    ReplyDelete
  3. Forex Trendy is a sophisticated software capable of detecting the most profitable continuation chart patterns. It scans through all the forex pairs, on all time frames and analyzes every possible breakout.

    ReplyDelete
  4. Quantum Binary Signals

    Professional trading signals sent to your mobile phone every day.

    Follow our signals NOW and make up to 270% per day.

    ReplyDelete
  5. GPS robot [10 times increase of the deposit and investor access]

    I just finished a webinar with Mark and his partner, Antony, two days ago and it was AWESOME.

    During the webinar MARK and ANTONY shared their secrets to success and answered questions about their new release of the GPS Forex Robot that CAME OUT TODAY!

    ReplyDelete

The default minimum deposit amounts are: $100 for Micro accounts, $500 for Pro-Managed accounts, and $2,000 for Pro accounts However, an optional "suggested deposit amount" parameter may be used.