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
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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