Xtract Resources shares (LSE:XTR) should continue going down, and as
such long trades do not make any sense in the market.
This is a highly volatile market, and there has been a bearish
movement since the beginning of February 2016 till now. Bulls are fighting
desperately to push the price upwards, but their effort is being frustrated now
and then by bears.
The price is essentially below the EMA 21 and the William’s % Range
Period 20 is currently heading downward from the overbought area. The most
likely movement Xtract Resources, in the foreseeable future, is a southward
movement, making the price to reach the support levels at 0.14, 0.12 and 0.10.
Market Analyst, Trading Signals Provider and Coach
What Super Traders
Don’t Want You To Know: Super Traders
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