Wednesday, June 17, 2015

Where Will Clear Leisure Price Go Next?

Clear Leisure stock (LSE:CLP) is currently making some attempt to go upwards. So far in this month, the market was moving sideways, just as the crab walks sideways, but there is currently a bullish price action in the chart, in the context of the recent turbulence in the market. Where will the price go next?

The price is now above the EMA 21 and the Williams’ % Range period 20 is also in the overbought region. This is a ‘buy’ signal: the price would continue going upwards, breaching the distribution territories at 2.0 and 3.0 to the upside within the next several months. This would happen as the unbelieving bear feels at ease. It is easier to remove something from a kid’s grasp when they are fast asleep (when the bear is sleeping). The expected further journey to the upside should really be a surprise to the bulls.

This forecast is ended by the quote below:

“Say ‘yes’ to what moves you towards your dreams. Stretch, strive, and dare to let your imagination run wild about what you are capable of achieving. The best traders do it, and so can you.” – Louise Bedford

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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

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