Tlou Energy shares (LSE:TLOU) are trending higher and
higher. The market is currently undergoing some correction and when the ends,
the uptrend would resume.
Since the end of July 2016, price has broken above the upper
Trendline, as the RSI period 14 went above the level 50. This has long created
a “buy” signal in the market, which is supposed to continue being valid for the
next several months.
Right now, there is a threat to the bullish “buy” signal,
but as long as price does not go below the support line at 6.00, the bullish expectation
on Tlou energy would be valid.
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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