Virgin America stock (NASDAQ:VA) is a promising
market which may make substantial gains within the next several months. The
price may go upwards consistently irrespective of pullbacks that are expected
occasionally.
A pullback is a normal part of market movements. It
is not a bane – it is rather a blessing to skilled traders. Significant rallies are followed by serious
pullbacks. When a price moves seriously in one direction, that means trend
followers have made gains. These profits would also be transferred to other
market speculators who are also smart.
In the chart, the price is above the Simple Moving
Average (SMA) 20 and the Commodity Channel Index (CCI) is now trying to slope
upwards. This means that it is logical to seek long trades, for short trades
are not currently logical. This is the explanation for the expected bullish run
in the market, though some pundits tend to find fundamental reasons for every
price action.
Virgin America stock may reach the distribution
levels at 50.00 and 80.00 within the next several months.
This forecast is ended by the quote below:
“You are
unable to take risks because you fear failure. You tend to hold back rather
than make new discoveries. Trading is a profession where you must take risks
and explore new market opportunities.” – Joe Ross
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Learn from the Generals of the Markets: Market Generals
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