Naibu Global stock (LSE:NBU) may soon trend
downwards significantly, especially if the distribution territory at 70.00 acts
as a barrier to the current bullish attempt, which is expected to be short-term
in nature.
Looking at the chart, it can be seen that 4 EMAs are
used – EMAs 10, 20, 50 and 200. The color that stands for each EMA is indicated
at the top left corner of the chart. The EMA 200 shows a long-term downtrend, coupled
with the fact that it acted as a barrier to the bullish attempt which took
place this month. The price has nosedived and other EMAs have supported a new
lease of bearish run. The price may later drop like a stone, though pullbacks
are normally expected.
Conclusion: Should
Naibu Global stock drop further, short sellers would reap nice gains. It
behooves us to do what makes us comfortable while trading. When using a
positive expectancy strategy, things should favor us ultimately. Otherwise, something
is wrong with our trading mindset. Normally, speculators thrive most where the
markets are free from unfair manipulation and the trend is great. Unfair market
interventions give advantages to some privileged few – really unfair.
This quote ends this forecast:
“You
need to keep things simple. Price is always the most important thing. Nothing
has a
higher
priority for me.” - Ralph
Acampora
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Eye-opening trading lessons: Lessons from Expert Traders
No comments:
Post a Comment