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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