Tuesday, October 8, 2013

Phorm Corp - A Promising Stock

Phorm Corp (LSE:PHRM) is a highly promising market for profit seekers irrespective of its recent indecision which dragged on for several months. 

The price has been bottoming for months, reaching an all-time low at the accumulation zone of 2.00. One would see that the ADX period 14 is at the level 50 (meaning a strong trend), while the DM+ is far above the DM- (showing a serious buying pressure). The MACD (default parameters) has its signal lines and histogram above the zero line. This is a Bullish Confirmation Pattern. The price could reach the distribution zone at 20.00 within the next several months.

Conclusion: It is expected that Phorm Corp shares would continue to go upwards steadily, with minor pullbacks along the way. While taking advantage of this price action, the safety of our portfolios remains paramount in our mind. Conservative risk control helps maximize gains. Is there any other job that is as challenging as trading? Is there any job that is as rewarding as trading? Anything you do to attain trading success is worthwhile. Success is available for every speculator, but most fail because of the wrong mindset which they do not want to change.

This forecast is ended with the quote below:

“The best start is to have a good coach, otherwise there is danger of learning the
wrong knowledge or false skills unknowingly. But your mind will signal: “I can do that on my own!” -  Norman Welz

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Eye-opening trading lessons: Lessons from Expert Traders

No comments:

Post a Comment