Wednesday, May 11, 2016

Highland Natural Resources Shoots Up, to Gain 500% More

Highlands Natural Resources shares (LSE:HNR) have shot upwards in a significant mode, and they would go further and further upwards, gaining at least 500% more before the end of this year. There would be temporary dips and pauses along the way, but the overall movement would be in favor of buyers.

This market was completely flat in the past several months, before the great breakout we now witness. The upwards break started last month, following the consolidation to the downside in that month (April 2016). Right now, the ADX period 14 is above the level 50, showing a great momentum in the market. The DM+ is clearly above the DM-, meaning this is the era of the bulls’ hegemony.

The MACD default parameters, has both its histogram and signal lines above the zero line. There is a Bullish Confirmation Pattern in the daily chart and the market is supposed to continue going upwards this year, until it gains about 500%.

This forecast is ended by the quote below:

“As a student of the history of markets it is sometimes useful to look at the very big picture, if only to educate yourself on the ever repeating nature of markets.” -  Chris Tate

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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