Wednesday, June 25, 2014

Empyrean Energy – An Established Bull Market

Empyrean Energy stock (LSE:EME) is in a long-term bullish trend. The bullish trend is not expected to end soon, since there could only be consolidation and bearish correction phases in the markets, after which the trend would resume.

It is clear that the bullish outlook started before this year: the trend in this year has gone upwards. Right now, the price is above the EMA 21 and the Williams’ % Range period 20 is already in the overbought region. This shows that the trend is strong, and one can join the trend, especially after a new shallow pullback has panned out.

It would not be a surprise when the price eventually reaches the distribution territory at 20.000. You may want to hold onto your position whether the price goes up following a negative report or goes down following a positive report.

This forecast is ended with the quote below:

The most important thing is to first make a precise calculation of the risk involved. Always look first at the risk rather than any potential profit.” – Martin Pring

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Learn from the Generals of the Markets: Market Generals

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