Metal Tiger shares (LSE:MTR) are going up and they
may reach the resistance level at 2.500. Price traded lower in the months of
October and November 2014, but it has skyrocketed in this month. One great
trader has said that his view on the shares is bullish. When a great trader
says something, the market tends to listen.
In the chart, it can be seen that price broke upwards
above the upper Trendline, moving upwards seriously. At the same time, the RSI period
14 has crossed the level 50 to the upside. Therefore the logical thing to do
here is to go long, for price may reach the aforementioned resistance level (2.500).
Once the target has been attained, the position can be smoothed. Smoothing is
the end of a position.
The way huge gains come to traders is the same.
Profitable traders use fundamentals to project the near-term market direction.
This enables them to open trades when a new bias is still young, thereby
maximizing their profits.
This forecast is ended by the quote below:
“If you
learn and think things the same way everyone else does, you have no competitive
advantage. If you learn to think different, you can really own a big edge in
any competitive environment.” – Sam
Seiden
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Learn from the Generals of the Markets: Market Generals
No comments:
Post a Comment