Wednesday, November 9, 2016

Nu-oil & Gas Has Gone Through the Roof

Nu-oil & Gas stock (LSE:NUOG) has gone through the roof, as price rallied massively, beginning from October 2016, and maintaining that bullishness till now.

The market formed a strong base for most months of this year – something that was ended abruptly in October. The market is in an uptrend, and 4 EMAs are used for the analysis. They are EMAs 10, 20, 50, and 200. The color that stands for each EMA is shown at the top left part of the chart.

All the EMAs are sloping upwards. Price retracements into the EMA 10 or 20 would be good buying signals. The bullish trend on Nu-oil & Gas would be valid as long as the EMA 200 is not breached to the downside.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Super Trading Strategies: Super Strategies 

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1 comment:

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