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Tuesday, July 8, 2014

Quadrise Starts a New Northward Outlook

Quadrise stock (LSE:QFI) has started a new northward outlook, as it rises. The northward outlook could last for several months.

The recent bias was bearish and the price has been extremely volatile – making wide stops sensible in this market. In the chart, the price broke above the EMA 21, gapped upwards and closed above the EMA. The strength of this northward break has also been confirmed by the Williams’ % Range period 20 which is now in the overbought territory. While there could be some transitory southward retracements along the way, the price should go further northward, reaching the supply levels at 45.00, 50.00 and 55.00 successively.

This forecast is ended with the quote below:

“One of the most powerful things is working out of a previous drawdown to new equity highs. If you did it once, you have the confidence to do it again.” - MeiHua

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Learn from the Generals of the Markets: Market Generals

Source: http://uk.advfn.com/newspaper/authors/azeez-mustapha

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