TomCo Energy shares (LSE:TOM) are expected to experience a
breakout to the upside, which may happen this week or next. The volatile market
has been making shallow but protracted bearish attempt, but there would soon be
a breakout to the upside.
The ADX period 14 is not above the level 30, meaning that
the momentum in the market is low. The DM+ is below the DM-, for this is a bear
market. As for the MACD default
parameters, the signal lines and the histogram are blended with the zero line.
This is an equilibrium market in which there would soon be a breakout in favor
of the bulls. It would eventually result
in a Bullish Confirmation Pattern. As long as a dominant bias exists, it should
be harnessed in our favor, for trading live money is different than trading
virtual money.
Therefore, TomCo Energy may try the accumulation territory
at 0.100, while the long-term targets are situated at the distribution
territories at 1.000 and 2.000. Good signals are designed to be used
defensively so that portfolios are kept safe in the face of the vagaries of the
market.
This forecast is ended by the quote below:
“If you decide that you don't care about losing your job,
then a job loss wouldn't matter to you. If you decide that a trading loss is
just part of business as usual, then you won’t let the loss have a great impact
on your emotions.” – 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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