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
Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng
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