Oxus Gold stock (LSE:OXS) is an extremely volatile
market where it seems the price is consolidating. A closer look reveals that
the bulls appear to be having upper hands at the moment and therefore, the
price could go upwards.
The price is currently above the EMA 21 and the
Williams’ % Range period 20 is around the overbought territory. This proves
that the price has a good possibility of moving upwards when it becomes
directed towards a clean bias. The price may reach the resistance level at 2.5 eventually.
Should this stock break out further northward in a determined way, we would
like to ride it. Most of our gains would be realized from fewer winners out of
all our trades. Traders can make many negative trades, and sadly fail to make
some trades that can help them recover their losses. There are times when we
make much money and there are times when we do not make money (neither would we
lose money). Those who take advantage of setups that bring negativity may quit
when they see setups that may bring winners.
This forecast is ended by the quote below:
“It soon
becomes apparent that you will have to give something in order to gain
something Golden ratio, proportionelse. This may sound rather like a paradox
when applied to trading, but it holds true.” - Mercedes Oestermann van Essen
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Learn from the Generals of the Markets: Market Generals
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