Dji Holdings shares (LSE:DJI) show a promise of another bullish
breakout, following the recent consolidation in the market. The market was in
form of a strong base from January to March 2016, prior to the strong bullish
breakout which lasted from March till May. Since June till now, the market has
only consolidated; not going upwards nor going downwards in a strong mode.
A break below the lower Trendline would result in a “sell” signal,
but the probability of price breaking above the upper Trendline is higher. This
is also supported by the RSI period 14, which is above the level 50.
Dji Holdings could perform another bullish breakout, which
would take its price towards the distribution territories at 140.0, 150.0 and
160.0 within the next several months. The distribution territory at 140.0 was
recently tested and it would be tested again – it would even be breached to the
upside as mentioned earlier.
This forecast is ended by the quote below:
“We couldn’t agree more, especially in the business of
stock trading; the more you learn, the more you earn.” – Deron
Wagner
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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