The best thing speculator can
do on the Rare Earth Minerals plc. (LSE:REM) shares is to stay out of that
market. As poignant as it seems, whenever the price rebounds upwards, it
plunges precipitously. So be wary and remain safe. The crab makes use of its eyes
when doing its self-employed sentinel job.
Technical Forecast
In no uncertain
terms, this market has been in a bearish mode for too long – and there is no
end in sight for this long-term development. Only a stickler for southward
biases would make any meaningful returns out of this market. For this analysis,
Exponential Moving Average period 21 and Williams’ Percentage Range period 20
are used. The EMA is constantly in a vivid downward trend, while the price
remains below it. As long as the price remains below the EMA 21, failing to
close above it, the market would remain unfavorable to buyers. The Williams’ %
Range has constantly shown oversold readings: whenever the price headed out a
little from the oversold region, it would fall back into that region. The
current reading of the Williams’ % Range indicator is therefore not a bullish
signal.
The price was at
the level 0.0625 when this article was being prepared. There are supply zones
at 0.0700 and 0.0800, while the demand zones at 0.0500 and 0.0400 could be
breached to the downside as the present scenario continues. You need not feel
antsy about this matter: simply stay away from the market. Staying aside is
also a good position.
Conclusion: Rare
Earth Minerals stock remains a terrible entity, until circumstances change, and
there forms a clear bullish confirmation. Technical analyses show the realities
in the financial markets. Whenever bulls dread the market negativity in the
price and on their portfolios, the stock would definitely plunge. But if they
are confident about what they are doing and send many long orders, the price
may rise. In opposition to what many think – it would be difficult for this
market to pick up – unless there are extremely favorable changes in the
markets. There is nothing interesting here.
This article is ended with the quote below:
“…Simpler charts lead to better
trading because of the smaller size of information stored and compared during
chart reading. If you know and have experienced several times crossings of
indicators and their averages at or very near zero, when this pattern occurs
again, you are confident that the processing and decision will be almost
instantaneous with a higher probability for success.” – Dan Valcu
NB: You would be
exposed to world-class, cutting-edge, and top-notch trading experiences here: www.advfn.com
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Copyright (C) ADVFN PLC
For more articles, go to: http://www.advfn.com/newspaper/authors/azeez-mustapha
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