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Wednesday, December 16, 2015

Tungsten Corp to Continue Its Bearish Trend

Tungsten Corp shares (LSE:TUNG) are currently weak, and the weakness is supposed to continue until there is a confirmed bullish trend in the market. Right now, the trend is bearish.

In the chart, the ADX period 14 is below the level 30, which means the momentum in the market is not that great. The DM+ and DM- are intertwined owing to the lack of momentum in the market. The MACD (default parameters) has its histogram above the zero line, while its signal lines are below the zero line.

There are mixed signals in the Tungsten Corp market – while the overall bias is bearish. Momentum will eventually return to the market, and it might likely be in favor of the bears.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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