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Wednesday, December 23, 2015

Long Trades Would Be Logical On Fastforward Innovations

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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