Mosman Oil and Gas shares (LSE:MSMN) are an excellent “buy”
as a result of the present conditions in the market. The price moved south
slowly and gradually in early part of this year and consolidated within the
months of July and August 2015.
The price broke upwards in September, moving seriously
upwards. The price went above the resistance level at 8.00 briefly and then got
corrected below it. The price is generally above the 2 Trendlines, and the RSI period
14 is at the level 50, which indicates some strength in the market.
Right now, Mosman Oil and Gas is making bullish attempts, which
have a great chance of succeeding. The price could reach the resistance level
at 10.00 before the end of this year. This is a noisy (trending) market, which
is an ideal one in which to trade.
I prefer a noisy market to a quiet one. If a market has
moved very well recently, it might continue doing so in future. And for me to
harness gains, I need movement, which is mandatory. Though I am talking about
future developments, since there is no certainty that a market that has moved
very well in the past would continue doing so within the next several days or
weeks, but the possibility of doing this is higher in a noisy market than a
quiet one.
This forecast is ended by the quote below:
“A trade is just a trade and a single trade will neither
make nor break me…. But in general, day to day, I never give losses or profi ts
too much thought.” – Nick Radge
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
What Super Traders Don’t Want You To Know: Super Traders
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