Tuesday, September 16, 2014

Aminex Suddenly Makes Substantial Gains

Aminex stock (LSE:AEX) has made sudden and substantial gains, breaking upwards from a long-term base that was building for several months. This is the kind of signal that professional speculators want to trade!

The price is now trading far above the EMA 21 as the Williams’ % Range period 20 has already gone into the overbought territory. That does not mean the price would break down from here: it means the trend is strong and pullbacks would be temporary. That base is now a great support level in the market, while the market has the potential to go further upwards, irrespective of pullbacks that may be experienced along the way.

Eventually, the price could reach the resistance levels at 3.000 and 3.500. Yes, more gains would be made by the bulls.

This forecast is ended by the quote below:

“The key to success is to adamantly refuse to accept limits. Relentlessly apply your focus. Dig in your heels when people tell you it can't be done.” – Louise Bedford

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Learn from the Generals of the Markets: Market Generals

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