Wednesday, June 24, 2015

Valirx Stock Is Useless to Sellers

Valirx stock (LSE:VAL) is not  a market in which sellers can currently make money, and therefore, it is useless to them. From January to May 2015, the price moved in an equilibrium zone, and then broke upwards seriously. The price is currently volatile, but things are still in favor of buyers.

4 EMAs are used for this analysis: they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown in the top left part of the chart. All the EMAs are currently sloping upwards, allowing a confirmation of a bullish bias. The price may temporarily pull back into the EMA 10 and 20 (or even the EMA 50), proffering buying opportunities.

Further bullish movement is thus expected on Valirx. Though a market prognosis may be beneficial, but that does not mean that one has a guarantee of what would happen tomorrow.  When monitoring open positions, one will realize that times of entries and exits are important. When trades are constantly followed, some losses would matter over time.  

This forecast is ended by the quote below:

“Mobile Trading has opened up the financial markets to a remarkable degree. No longer are traders forced to stay at their desktops in order to access the markets.” – Joe Rundle

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

What Super Traders Don’t Want You To Know: Super Traders

1 comment:

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