Tuesday, August 9, 2016

Sirius Minerals – Where You Can Make Money Right Now

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

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