Wednesday, November 18, 2015

SKIL Ports & Logistics Makes Bullish Attempts

SKIL Ports and Logistics shares (LSE:SPL) has a strange-looking price action in its chart. The price is jumpy, chaotic and choppy - this is a type of the market that needs an optimal risk management plan.

In the chart, the ADX period 14 is not too far from the level 30 while the DM+ is slightly above the DM-. This shows some form of bullishness in the market. The MACD (default parameters) have both its signal lines and histogram above the zero line, which is an indication of a bullish confirmation in the market, while the shares make more bullish attempt.

With SKIL Ports and Logistics shares making further bullish attempt, a stronger bullish signal could be generated and the supply levels at 60, 70 and 80 could be attained within the next several months; albeit the price may continue being chaotic and erratic.  

This forecast is ended by the quote below:

“The main objective is always the preservation of capital, whereas maximizing returns is of secondary importance.” - Dr. Allan Elman

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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

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