Tuesday, November 25, 2014

Optibiotix Makes Substantial Gains

Optibiotix stock (LSE:OPTI) has gone upwards significantly and it is expected that the substantial gains made by the bulls would be sustained. In this market, short-term pullbacks should be seen as another money making opportunities by the bulls. When speculating on a new bias, what you think is a new bias may simple be a transient retracement amidst the existing protracted bias.

4 EMAs are used for the analysis, and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left side of the chart. The EMAs 10, 20 and 50 have been sloping upwards as price stays above them. This means that the stock has made serious gains as it breaks upwards from the long-term base that had been building for several months. Price is now crossing the EMA 200 to the upside. As it closes above the EMA 200 (a Golden Cross), it would be the beginning of a new bullish era in the market. Price may eventually reach the resistance level at 30.00.

Nevertheless, in the art of speculation, your willingness to stake your money also goes with the possibility of making gains. Transient retracements may preclude some from taking advantage of the opportunities offer by those retracements. The majority are therefore looking for retracements that hold out long enough. When these happen following consolidating phases, it is either the speculator takes advantage of it or misses the move.

This forecast is ended by the quote below:

“Trading is not a path to easy money; profits must be earned through homework, discipline, courage, patience, and perseverance in the markets.” – Rich Trader (by Steve and Janna Burns)

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Learn from the Generals of the Markets: Market Generals

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