President Energy shares (LSE:PPC) may lose more of their
value when the price breaks out and go further south. The market has been very
choppy and volatile lately, plus the logical thing to do right now is to seek
short trades.
Since last month, July 2014, the price has been
coming down, going through very turbulent waters as the bulls and the bears
continue to struggle. The bears have upper hands. In the chart, short orders
would make more sense as soon as the price breaks below the lower Trendline.
The RSI period 14 is still below the level 50, supporting a possible bearish
run.
This is the type of market in which sellers make
money. Many people think that money is being lost when the market goes
downwards, but this is not true. No money is lost in bear markets; it just
changes hands.
This forecast is ended by the quote below:
“Study the successful people in your field so your own
views on the markets will be verified and validated.” – Louise Bedford
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Learn from the Generals of the Markets: Market Generals
No comments:
Post a Comment