Tuesday, November 1, 2016

Proteome Sciences Implodes!

Proteome Sciences stock (LSE:PRM) has imploded and crashed, leading to a huge Bearish Confirmation Pattern in the daily chart. This is just the beginning of a persistent downtrend.

In the chart, the ADX period 14 is at the level 40, showing a strong trending movement in the market. The DM+ is above the DM-, meaning that bears have upper hands right now.

The MACD, default parameters, has its signal lines and histogram below the zero line, all which point to a strong Bearish Confirmation Pattern in the chart. Further bearish movement is anticipated on Proteome Sciences, which would enable price to reach the demand levels at 5.50, 5.00 and 4.50 within the next several months.  

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Super Trading Strategies: Super Traders   

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