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Thursday, April 9, 2015

Buy Wincanton and Lose Your Shirt

Wincanton shares (LSE:WIN) are not favorable to buyers at the present. Although the price rallied in the past, until the end of March 2015, things have now turned bearish. What we even saw in March was largely a sideways movement, for there was a tug of war between the bulls and the bears.

In the chart, the price has closed below the EMA 21 and the Williams’ % Range period 20 is around the oversold region, i.e. around the region below the level 70. Generally, the Williams’ Percentage Range is sloping downwards as the price remains below the EMA 21. This is a sell signal, and unless the price crosses the EMA 21 to the upside, closing above it, the signal is valid. 

It is likely that buyers will suffer in this market. The next targets for the bears are the support levels at 150.00 and 140.00.

This forecast is ended by the quote below:

“Traders will be able to make lots of money while those who refuse to prepare themselves with education will have a horrible shock.” – Dr. Van K. Tharp

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

What Super Traders Don’t Want You To Know: Super Traders



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