Fastfoward Innovations shares (LSE:FFWD) offer opportunities
for long trades, which would be logical based on what the price is doing at the
present. The price is currently going upwards after it bottomed at 6.0
(following a correction that was seen last month).
The bottoming of the price was carried out at the lower
Trendline, just around the support level at 6.0. The price has shot upwards
after this, going above the upper Trendline and now close to the resistance
level at 10.0. It is also interesting to see that the RSI period 14 is almost
in the overbought region, meaning that the outlook on the market is strongly bullish.
Fastfoward Innovations price might test the resistance
levels at 11.0, 12.0 and 13.0 within the next several months.
This forecast is ended by the quote below:
“The amount made in the markets depends on the skill of
the trader even more than the system he/she uses. It has actually been said
that the weakest part of any trading system is the trader. That being said
please let me give an answer from a qualitative standpoint. A successful
trading system first should have a very humble and disciplined trader. With
humility the need to "be right" won't cloud your decision process
when your trade is losing money and discipline will allow you the fortitude to
stay in a trade that apparently "stands still" until the market
decides it's ready to concur.” – Spark (Source: Elitetrader.com)
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
What Super Traders Don’t Want You To Know: Super Traders
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