Wednesday, November 5, 2014

The only logical thing to do on Wincanton…

Wincanton stock (LSE:WIN) requires only one direction for those who want to survive in that market. The only logical direction is to go long. In spite of the volatility in the market, the trend has been up for several months. The logic to successful trading is to abandon approaches that are not in our best interest. We want to do only the things that work for us.  To achieve this, we stick to a positive expectancy system, even if the accuracy is not very high.

The EMAs 10, 20, 50, and 200 have been sloping upwards in support of the upwards trend. The color that stands for each EMA is shown on the top left side of the chart. The price has just tested the EMA 50 and may rise from there. The price can thus reach the supply level at 160.00 within the next few months. Only a break below the EMA 200 could signal the end of the uptrend.

We do not need to fail to sleep because of short-term results. Instead, we want to see our results in the long term (like on a quarterly basis), and as a result of this, we are not swayed by day-to-day noises in the markets.

This forecast is ended by the quote below:

“There is more to life than trading and investing.  Don’t live to trade.  Trade to live.  Being the richest man or woman in the graveyard does nothing for your quality of life.” – Dr. Woody Johnson

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Learn from the Generals of the Markets: Market Generals

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