FTSE 250 stock (FTSE:MCX) has plunged massively while the
market remains volatile. The massive plunge has resulted in a bear market,
which would hold out for this year.
4 EMAs are used for this strategy and they are EMAs 10, 20,
50 and 200. The color that stands for each EMA is shown at the top left part of
the chart. All the EMAs are now sloping downwards, with the price is below the
EMA 10.
Along the way, there would be bullish retracements into the
EMAs 20 and 50, but as long as the price is below the EMA 200, the outlook on
the market remains bearish.
FTSE 250 is expected to go far and far south in the year
2016.
This forecast is ended by the quote below:
“You can't achieve high returns without high risk. If you
see a strategy that has high returns, you should be prepared for high
volatility, and be ready to lose money sometimes, too.” – Jan Roozenburg
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
What Super Traders Don’t Want You To Know: Super Traders
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