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Wednesday, May 25, 2016

LGO Energy – Calm before Storm

LGO Energy stock (LSE:LGO) is in a tight equilibrium phase, which has been going on for the past several months. The price is quite choppy, zigzagging its way forwards, as long as the equilibrium phase lasts.  

In the chart, the price is currently between the Trendlines, and there would soon be a break out of the Trendlines. The RSI period 14 is sloping downwards, now at the level 50. It is very much likely that the RSI would go above the level 50.

Once that happens, it would be logical to conclude that when there is a breakout from the Trendlines, it would favor the bulls, enabling the price to go above the distribution territories at 0.8, 0.9, and 1.00 this year.

This forecast is ended by the quote below:

“When you make an investment in a company, you're making a compromise between what the company is actually worth and what the market thinks it's worth. That's the price you pay for each share. Sometimes this works to our advantage, and a stock is priced below what its fundamentals are worth. That's a bargain.” – James Altucher

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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