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
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