Thursday, October 16, 2014

JQW Stock Shall Plunge Towards the Demand Level at 30.00

JQW stock (LSE:JQW) shall plunge towards the demand level at 30.00 within the next several weeks or months. This is very likely because the dominant bias has been bearish since the beginning of July 2014.

Now, there is a clean rally attempt in the market, which gives another opportunity to go short at a better price. The price is generally below the EMA 21 and the Williams’ % Range period 20 – which has always been around the oversold territory – has surged upwards. The upward surge is a trap to the bull, since the price is expected to come down again, reaching the aforementioned demand level. In this kind of market, the astute bear is not afraid of going short again (or remaining short).  The chimpanzee is not afraid of somersaulting.

This forecast is ended by the quote below:

"You know traders are growing when they start asking questions that have answers." -- Old Trader

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Learn from the Generals of the Markets: Market Generals

No comments:

Post a Comment

The default minimum deposit amounts are: $100 for Micro accounts, $500 for Pro-Managed accounts, and $2,000 for Pro accounts However, an optional "suggested deposit amount" parameter may be used.