Maple Energy shares (LSE:MPLE) have been in a
long-term bearish trend. Short-term sellers have made huge gains and would
continue to make more money as the bearish trend continues.
The EMA 21 shows that the market is in a long-term
downtrend, while the Williams’ % Range has perpetually been in the oversold
territory. This has been going on for many months and there is no end in sight.
Any rallies only give new sellers more opportunities to join the ride to the
south. Right now, the price is under the EMA 21 – a renewed ‘sell’ signal. The
price could reach the demand levels at 5.000 and 4.500.
Short-term trades may also want to join the market during
trending movement and smooth their positions when the market stalls. Trading
instruments do not move all the time, and therefore, we would want to stop
trading when there is no movement. Impatient traders can thus be forced to
trade a trendless market, simply because they are desperate for quick profits.
Being patient is one of the greatest factors that contribute to ultimate
success. When we follow the lines of the least resistance, we would do
ourselves favor by staying away from the markets that do not show clear trading
opportunities.
This forecast is ended by the quote below:
“You must risk
money to make money…You cannot possibly make profits in the markets unless you
put up the money.” – Joe Ross
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Learn from the Generals of the Markets: Market Generals
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