Adsense

Tuesday, June 14, 2016

A Stormy Decline Is Coming on Nanoco

Nanoco shares (LSE:NANO) are supposed to experience a stormy decline, following a breakout from the currency base, which is an equilibrium phase.

The market has entered an equilibrium phase since February 2016. The more the equilibrium phase holds out, the more the possibility of a stronger breakout.

A closer look at the RSI period 14 shows that it is currently below the level 50, depicting a rise of bears. It can also be seen that the price is almost below the lower Trendline. Further southward movement is possible.

When a breakout to the downside happens on Nanoco, it would take the price towards the demand zones at 35.00 and 30.00.

This forecast is ended by the quote below:

“This is simple yet hard for millions to grasp: the stock market is nothing more than a collection of opinions. Two companies with similar fundamentals can have vastly different market capitalizations, and thus unequal and divergent stock prices. An investing strategy based on buying stocks that are relatively expensive in the short term spells disaster more often than not. In fact, the statement can be generalized to investing strategies based on doing just about anything in the short term. The same goes for using the movements in that mass of opinions to make broad statements about the economy at large.” - Greg McFarlane (Source: Trade2win.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

2 comments:

  1. QUANTUM BINARY SIGNALS

    Professional trading signals sent to your mobile phone every day.

    Follow our trades NOW & make up to 270% per day.

    ReplyDelete
  2. eToro is the #1 forex broker for beginner and professional traders.

    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.