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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