Premier Gold Resources stock (LSE:PGR) is a
significantly bull market, resulting from the recent long term consolidation.
The events that led to this kind of price action have succeeded in triggering a
long term bullish signal. In this profession of speculation, prices tend to
react to events and fundamentals in speedy manners.
This month, the price broke upwards from its range,
resulting in a serious uptrend. The ADX is above the level 60 (very strong
pressure), while the DM+ is above the DM-, signifying the bulls’ victory. The
MACD (default parameters) has both its histogram and signal lines above the
zero line. This is a Bullish Confirmation Pattern on the chart: the assurance
of a bull market.
Conclusion: Premier
Gold is in an uptrend. The uptrend would result in profits in its trail. The huge
profits would be coveted by an increasing number of investors who show interest
in buying the stock. However, the uptrend would not be forever. A method of
being victorious is to anticipate a scenario that most so-called professional
forecasters and their forecasting programs tend to ignore.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Ground-breaking lessons from expert traders: Lessons from Expert Traders
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