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Wednesday, August 24, 2016

Global Energy Development: BUY

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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