Camco Clean Energy stock (LSE:CCE) has experienced a
pullback in the context of an uptrend. This is a great buying opportunity in
the chart.
The price is far above the EMA 21 and the Williams’
% Range period 20 is not that far from the overbought region. Clearly, the
bulls are in control, and since the price does not go in a straight line, it is
normal that a pullback would occur, which in turn gives a good buying
opportunity.
The price may rise above the resistance level at
7.000; eventually reaching the resistance level at 10.000. Bullish investors
may want to hold their orders as long as the fundamental are in their favor. Astute
investors know how to keep tabs on the company they are interested in,
assimilating every fundamental figure affecting the company. A high-ranking
official hears all that happen both in the city and country, for people are his
ears.
While we play this market we bear one thing in mind:
survival of our portfolios. A good strategy is tailored for survival, for that
is the only way to make gains ultimately.
This forecast is ended with the quote below:
“Probably
one of the toughest things for a trader to learn is patience… Trading is really
about creating good habits and the tough thing about good habits is that they
are often hard to develop and painful at first even though they reward us in
the long term.” – Sam Evans
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Learn from the Generals of the Markets: Market Generals
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