The outlook on the Pentagon Protection stock (LSE:PPR) appears smashing right now. This stock has really been protected against bears, and the protection remains valid.
The ADX period 14 is almost above the level 40, while the DM+ is above the DM- (signifying strong buying pressure). The MACD (default parameters) has its signals line far above the zero line, and its histogram above the zero line. There is a Bullish Confirmation Pattern on the chart. While any pending bearish corrections are not supposed to take the price below the support level at 15, the price may eventually reach the resistance level at 80.0
It is essential that you accept the reality on the market and that you are adroit enough to handle the quirks of the markets. You see, beating the market is an attainable goal, but putting your negative trading emotions is not something that can be achieved effortlessly. When you accept the facts of trading and remain upbeat, any vicissitudes thrown at you by the markets will not sway you – instead, you would keep on toward the point of victory.
This article is ended with the quote below:
“It‘s the same as running: most people with sufficient dedication and training
can probably run a marathon, but only a very small percentage have the physical capabilities to ever run at world competitive speeds.” - Jack Schwager (www.tradersonline-mag.com)
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
For more articles, go to: http://www.advfn.com/newspaper/authors/azeez-mustapha
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