Sirius
Minerals shares (LSE:SXX) are expected to continue to going upwards in the
context of an established uptrend. The price action supports this view as this
analysis shows.
From
the beginning of January to the end of March 2015, the price moved in a tight
consolidation phase, but it broke upwards significantly in April, moving far
away from the upper Trendline. The RSI period 14 has stayed mostly above the
level 50. There may be corrections or sideways movement along the way, but the
price might continue trending upwards till the supply levels at 35.0 and 45.0
are attained. This would happen this year.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
What Super Traders Don’t Want You To Know: Super Traders
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