Sirius Petroleum stock (LSE:SRSP) would soon spike upwards,
though it cannot be said exactly when that would happen. The price would soon
find a floor somewhere around the support levels at 0.20 and 0.25; and then
spike upwards/rally massively.
The price has been testing the lower Trendline – it could
even go below it. Likewise, the RSI period 14 is below the level 50, which
means that the current bearish outlook is especially strong. The stock may go
further downwards, but the more the price moves downwards, the more the
possibility of an upwards spike.
Yes, a rally or a serious upwards spike, which might later
lead to a strong rally, would happen on Sirius Petroleum very soon.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
What Super Traders Don’t Want You To Know: Super Traders
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