Wednesday, August 3, 2016

Ironridge Is One of the Best Markets to Invest Right Now

Ironridge shares (LSE:IRR) are trending strongly upwards right now. This is an ideal market for those who love to follow this kind of chart pattern: a strong and protracted base, followed by a strong and protracted breakout. This is exactly what has happened in the market.

4 EMAs are used for this analysis and they are EMAs 10, 20, 50, and 200. The color that stands for each EMA is shown at the top left part of the chart. All the EMAs are trending upwards strongly, supporting the current buying pressure in the market. The upwards momentum is so great that price has moved far above the uppermost EMA – the EMA 10.

Ironridge is an ideal market in which to go long. There would be pullbacks into the EMA 10 or 20, but that would present a buying opportunity, especially when a bullish candle appears. Buyers should continue to enjoy their windfall here as long as there is a buying pressure in the market.

This forecast is ended by the quote below:

“You must continually seek out ways to work more productively. To achieve more in less time. To improve on your already effective strategies. When you work better, you automatically trade better.” – Louise Bedford

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Super Trading Strategies: Super Strategies    

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