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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