Castleton – A Trap For Reckless Buyers

Castleton stock (LSE:CTP) has been acting as a trap for reckless buyers. This is not a market in which you should go long because it is quite choppy as well as consolidating to the downside.

The price has gone below the lower Trendline and at the same time, the RSI period 14 has gone below the level 50. This shows a hidden weakness in the market, which would likely continue. When the price was between the upper and lower Trendlines, it simply zigzagged.

It would be nice to make our career easy for as long as attainable. We do not need to be swayed by irrelevant noises, as long as we stick to our trading plans. We simply need to do that repetitiously.

Casleton is currently not a market in which buyers can make money.

This forecast is ended by the quote below:

“There will always be the next drawdown – that is what you have to live with as a trader.” – Oliver Klemm

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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

Source: http://uk.advfn.com/newspaper/authors/azeez-mustapha