Pantheon Resources stock (LSE:PANR) has gapped down in a an
equilibrium market. The market went gradually downwards in August and September
2016, and then gapped down recently.
Right now, The ADX period 14 is below the level 20, still
reflecting the recent equilibrium phase in the market (though the ADX line
would rise upwards any moment from now). The ADX DM- has just crossed its DM+
to the upside, which is a new bullish signal. The MACD, default parameters, is
not yet giving any signals, but when it gives a signal, the signal line and
histogram would have crossed the zero line to the upside, giving a Bullish
Confirmation Pattern in conjunction with ADX.
The gap-down on Pantheon Resources is not a trading signal.
The gap may still be filled or it can be the beginning of a major trend.
Whatever would happen, the month of December 2016 would reveal.
This forecast is ended by the quote below:
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
No comments:
Post a Comment