Imagination Technologies Group stock (LSE:IMG) should keep
on trudging upwards, despite all odds. This is a choppy market, in which the
bulls have been making somewhat successful attempts to push the price upwards.
The price broke upwards in the early part of September 2015 –
above the upper Trendline. The price went back into the Trendlines and has now gone
above it. The price is yet to close above it and when it does, that would mean
that the bullish effort would simply be renewed. By then, the RSI period 14,
which currently reflects the price action in the chart, would have gone above
the level 50, in a vivid manner.
Imaginations Technologies stock is thus expected to continue
its bullish movement The distribution territories at 270.00 and 280.00 can be
attained in the months to come.
This forecast is ended by the quote below:
“You have no
control whatsoever over price movement, but you have complete control over how
you respond to it. How you respond to it, however, must be based on the
decisions you've made, not on how you "feel". These decisions begin
with preparation…” – DbPhoenix (Source: Trade2win.com)
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
What Super Traders Don’t Want You To Know: Super Traders
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