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Tuesday, November 15, 2016

The bullish trend on Canadian Over to continue

Canadian Over stock (LSE:COPL) is already in a long-term bullish trend; and this may continue for some months, even years.

Price was consolidating before July 2016, when it began to go upwards in July till now. There have been pauses and shallow pullbacks on the way, but the market has continued to trudge northwards.

A recent pullback into the EMA 21 is another wonderful bullish signal, and since the Williams’ % Range period 20 is sloping upwards, that means the bullish bias on the market may end up becoming stronger.

Canadian Over may go for the supply levels at 12.00, 13.00 and 14.00 in the coming months.


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Super Trading Strategies: Super Strategies    
  


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