Sirius minerals stock (LSE:SXX) has been going stronger and
stronger recently. Investors also should gain more profits as they enter the
market on pullbacks.
The market moved upwards a bit in March and April 2016, and
then consolidated from May till the end of June. From July, price broke
upwards, and it has trended up since then.
In the chart, the ADX period 14 is above the level 50,
showing a strong bullish momentum in the market. The DM+ is above the DM-, which
means that bulls have upper hands right now. The MACD default parameters, has
both its signal lines and histogram above the zero line. This means that there
is a Bullish Confirmation Pattern in the market.
Sirius Minerals should thus go further and further north for
the rest of this year, attaining the resistance levels at 40.00, 50.00 and
60.00.
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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