Wednesday, September 18, 2013

Naibu Global Stock May Drop Like a Stone

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

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