W Resources stock (LSE:WRES) has been performing
wonderfully, bringing smiles to buyers’ faces. Before the current strong
bullish movement, the stock was in a base for several months. The stock broke
strongly upwards in August 2015, sprinting northwards until now.
The ADX period 14 is above the level 60, denoting a very
strong momentum in the market. The DM+ is far above the DM-, emphasizing the
bulls’ victory. The MACD (default parameters) has both its signal lines and
histogram vividly above the zero line. This is a strong Bullish Confirmation
Pattern in the chart, which means that the stock is expected to continue moving
upwards.
When in a position, we want the price to continue developing
in the direction of the major bias. We all like quick, speedy gains. The
quicker the momentum, the faster the gains. When the momentum continues to
increase faster and faster, we would like to see how it might last.
W Resources stock could still move further north by 3000
points before the end of the year 2015.
This forecast is ended by the quote below:
“Predictions are difficult, especially about the future.”
– Yogi
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
What Super Traders Don’t Want You To Know: Super Traders
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