Monday, August 14, 2017

CSF Group breaks upwards from a strong base

CSF Group shares (LSE:CSFG) were not attractive at all, until recently. There was a strange, tight, protracted base until August 2017.

The current bullish breakout has brought about hope for bulls. The ADX period 14 is around the level 40, signifying a strong momentum in the market. The DM+ is above the DM-, showing bulls supremacy. The MACD default parameters, has both its histogram and signal lines above the zero line. This is a “buy” signal, which would eventually lead to a Bullish Confirmation Pattern as price goes further upwards.

CSF Group was a penny stock until now… Price is expected to continue going upwards this year.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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