Global Energy Development stock (LSE:GED) has started going
upwards, and this has led to a bullish signal in the chart, which would hold
out for the next several months. From March till the end of July 2016, price
was coming down, but things have changed right now.
Price is above the EMA 21 and the Williams’ % Range period
20 is in the overbought region; which means the best action to take now is to
go long. There would be some short-term pauses or pullbacks along the way, but
GED should go beyond the supply levels at 30.0, 35.0, and 40.0.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Super Trading Strategies: Super Traders
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