Tuesday, March 12, 2013

Kibo Mining: When Will The Price Turn?

Kibo Mining (LSE:KIBO) is currently at a critical level. Would the price turn upwards and assume a protracted uptrend or would just plummet further? The answer is below.

The ADX period 14 is at the level 30 (with the DM- far above the DM+): this shows a strong bearish pressure. The MACD (default parameters) histogram and signal lines are all below the zero line. All these actions testify to a strongly bearish market, and it is thus suicidal to go long right now, until it is clear that the weak trend is over, although, further downtrend in the market would be punctuated by transitory rallies. There is no way of preventing a weed sprouting up on a large vegetable farm. The optimal period to go short is when there has been a Bearish Confirmation Pattern in the market. Going short with the kind of price action puts the odds of success in our favor, as we wager our allocated fund and put the risk control parameters on the open trades. With a stable trading strategy you would usually know what to do in case of any eventuality in the markets.

This article is ended with the quote below:

Once a trade is not going the way you want it to, emotions jeopardize your actions because any uncertainty is perceived by our brain as a disturbing emotion that sometimes causes devastating actions to be triggered.” – Norman Weltz

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach


No comments:

Post a Comment