Wednesday, June 11, 2014

Camco Clean Pulls Back in the Context of an Uptrend: Go Long

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

No comments:

Post a Comment