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
What Super Traders
Don’t Want You To Know: Super Traders
Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng
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