Metal Tiger shares (LSE:MTR) are trying to rally and this is something that is supported by the present price action in the market. The price has been volatile but it can be seen that the bulls are gaining upper hands.
In the chart, the ADX period 14 is at the level 30, which means that the momentum in the market is rising. The DM+ is clearly above the DM-, meaning that the bias is bullish. The MACD default parameters, has both its signal lines and the histogram above the zero line. This shows a vivid Bullish Confirmation Pattern in the chart, and the best action to take now is to go long.
When the price starts moving, it would disregard any forms of analysis you use, no matter how complicated. Reliable trading methodologies sometimes appear useless when the market conditions are temporarily not favorable to them.
This forecast is ended by the quote below:
“But the interesting aspect about trading is that your IQ has little to do with successful trading. We have seen traders who made millions with a zero level education, and traders who failed even with a master’s degree.” – Rayner Teo
Market Analyst, Trading Signals Provider and Coach
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