Falkland
Oil & Gas shares (LSE:FOGL) have some signs of stamina in them, in spite of
extremely turbulent market phases they experience. The price would skyrocket
and then plummet. This is a challenging market for novices - but what is called
challenges in trading are really opportunities for super traders.
However,
the price might still go up, based on what the 4 EMAs in the chart are showing.
The EMAs are 10, 20, 50, and 100. The color that stands for each EMA is shown
at the top left part of the chart. Unless the price crosses the EMA 200 to the
downside, closing below it, it could still be hoped that the bullish effort in
the market has not been invalidated totally.
The
condition in the preceding paragraph is what is needed for a bull market on Falkland
Oil & Gas; otherwise, we might be in for a long-term bearish ride. There is
no trading approach that can make you triumphant unless you control your risk
with it and condition your emotions. Just make sure that your losses are
adroitly dealt with, for there is no need to sap your energy over numerous
negative positions.
This forecast is ended by the quote below:
“When a
chart is in confusion giving us mixed signals, we have learned to step aside.
We are interested only in clear-cut trades.” – Joe Ross
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
What Super Traders Don’t Want You To Know: Super Traders
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