Physiomics stock (LSE: PYC) broke upwards significantly
from its long-term range which had been holding out for many months. Whether
this is seen as an irrational spike or a phenomenon that would be sustained,
the astute buyers intuit it as a great trading opportunity while some bears
wade in their pabulum, as far as the price is concerned.
The EMAs 10, 20, 50 and 200 are used here (the color
that stands for each EMA is shown at the top left part of the chart). The EMAs
are now in agreement with a bullish bias. Before it broke upwards
significantly, the price has a huge support at 0.1. Having broken northward,
the price would not go back towards the aforementioned support. The ultimate
target is at 1.0.
Conclusion: Physiomics
is a buy candidate, and those who go long on it can smile very soon. Yes, the astute
speculator is rewarded by the price. When you consider other speculators and acknowledge
the need to trade what you see, you would then be able to reap some gains from your
effort and get praised for your acumen. Then you would have a satisfactory
trading career.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Eye-opening trading lessons: Lessons from Expert Traders
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