Tuesday, August 9, 2016

Massive Gains on Sound Energy, More to Come

Sound Energy shares (LSE:SOU) have made massive gains, and more of them are yet to come. This is a kind of market in which investors make lots of money.

The chart shows that the market was in a tight equilibrium phase from February to the end of June 2016. As from the beginning of July, the price broke out of that tight equilibrium phase, which has essentially become a base. Since then, the market has made massive gains, and it is still in a strong bullish mode.

Price is above the EMA 21 and the Williams’ % Range period 20 is often in the overbought region. This is a clear bullish signal. While Sound Energy could experience some pullbacks along the way, the market is expected to go further and further north, making at least, another 2000 points within the next several months.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Super Trading Strategies: Super Strategies 

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1 comment:

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