Wednesday, July 13, 2016

Price Moves Northward on Rhythmone, as Investors Smile

Rhythmone stock (LSE:RTHM) is now a bull market, which is going upwards very strongly. As bulls smile, further bullish movement is anticipated. The market consolidated from February to May 2016, and the started to trend upwards from June.

In the chart, the ADX period 14 is slightly above the level 30, depicting a considerable momentum in the market. The DM+ is above the DM-, meaning that the bulls are currently reigning. The MACD default parameters, has both its histogram and signal lines above the zero line. This is a clean bullish signals brought about by the Bullish Confirmation Pattern in the daily chart.

Rhythmone stock is expected to continue to go upwards, as investors smile. The price might reach the supply zones at 40.00, 40.50 and 41.00 within the next few weeks or months.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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