Wednesday, October 22, 2014

Emed Mining Shares Gain Strength

Emed Mining shares (LSE:EMED) have gained strength as a result of buying pressure in the market. When we look at our chart in order to determine a bias, we see a bullish bias as the price makes higher highs and lower lows. The market moves because someone is interested in a higher price or a lower price.

We study charts in attempts to discover a promising candidate like this. The historical price has been full of large swings up or down, with high volatility. In this month, the price bottomed seriously and then rallies, going above the upper Trendline. The RSI period 14 is also above the level 50. This indicates a bullish strength that may enable the price to go below above the supply level at 8.50.

This forecast is ended by the quote below:

“Never underestimate trends. Trends can go on for years and riding one good trend might be a life changer. Treat early winners as potential trends, for each winner of 100 per cent must start off with one per cent.” – Dirk Vandycke

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Learn from the Generals of the Markets: Market Generals

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