Paragon Diamond stock (LSE:PRG) is expected to continue its
current weakness, just in solidarity with the extant bias in the market, which
is bearish. You would need to accept realities before you can survive the
markets.
The price has gone far below the EMA period 21 and the Williams’
Percentage Range period 20 is rigidly in the oversold area. The movement of the
market has been choppy, jumpy, erratic and crazy while the price consolidates
to the downside. This is a bear market.
On approach to this market is to know when to exit as soon
as the price movement is against one’s position. When you determine to exit
above distribution territories (or below them), it could result in minor
negativity. However, a position that behaves according to the expectation would
make your trading approach look rational. This is one inevitable experience of
traders.
While this analysis was being prepared, Paragon Diamond
stock was trading at 3.9: it is possible that it would later breach the
accumulation territories at 2.5 and 1.5.
This forecast is ended by the quote below:
“I only want to trade when the historical evaluations
suggest an edge in the market.” –
Scott Andrews
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
What Super Traders Don’t Want You To Know: Super Traders
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