Adsense

Tuesday, March 8, 2016

Annual Trading Forecast on Standard Chartered (2016)

Standard Chattered shares (LSE:STAN) are under heavy selling pressure, which would continue in the year 2016.

4 EMAs are used for this analysis and they are EMAs 10, 20, 50, and 200. The color that stands for each EMA is show at the top left side of the chart. It can be seen that all the EMAs are sloping downwards, while forays into the EMA 10 or 20 brings further southward movement.

As long as the price does not cross the EMA 200 to the upside, the bearish outlook on the market would be valid.

Please read the long quote below, taken from www.tradingeducators.com. It shows a great insight into what traders should be doing right now.

This forecast is ended by the quote below:

“Many long-term traders and investors have trouble selling a losing position. It's hard to admit that you have made a mistake. There is a natural, human tendency to deny you've made a mistake, and thus, it is easier to leave losses on paper. When a loss is left on paper, unless it is part of your trading plan, you can tell yourself that circumstances will turn around. You can hope against hope that you'll end up profitable in the end. What usually happens, though, is that you hold the position and it loses even more money, and then the need to deny the loss and hold it is even stronger. Behavioral economists call this ailment the 'sunk cost effect.' When you sink enough money in a trade or an investment, you want to believe that it was worth it. Sunk costs effects happen in everyday life as well as in business.” – Joe Ross (Source: Tradingeducators.com)

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

What Super Traders Don’t Want You To Know: Super Traders


Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng


1 comment:

  1. QUANTUM BINARY SIGNALS

    Professional trading signals sent to your cell phone every day.

    Follow our signals right now & make up to 270% per day.

    ReplyDelete

The default minimum deposit amounts are: $100 for Micro accounts, $500 for Pro-Managed accounts, and $2,000 for Pro accounts However, an optional "suggested deposit amount" parameter may be used.