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Tuesday, November 29, 2016

It is better to stay away from Tethys Now

Tethys shares (LSE:TPL) are not an attractive market at the present. Price has been quite choppy for several months and the best action to take is to stay away from the market right now.

Price has swung below the EMA 21 – in a volatile, choppy and unreliable manner. The MACD, default parameters, has its histogram above the zero line, while the signal lines are below the zero line. This is a rough market with no agreeable signal. The indicators do not even agree.

It is better to abandon Tethys until there is a directional movement in the market; when the two indicators would agree on a direction. :


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Super Trading Strategies: Super Strategies 
  


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