Cloudtag shares (LSE:CTAG) has really undergone a roller
coaster ride in recent months. Price consolidated in July and August, rose sharply
in September, plummeted in October and November and it is now rising wildly
this month. The market is quite choppy.
The ADX period 14 is not above the level 50, meaning that
the momentum in the market is not great right now. The DM+ and the DM- are
simply intertwined, which means there is no directional signal right. The MACD,
default parameters, has its histogram above the zero line, while the signal
lines are just crossing the zero line to the upside.
This means there is no clear signal on Cloudtag and it is Ok
to stay away from the market right now…. Until the MACD and the ADX would give
a signal that would result in a Bullish Confirmation Pattern or a Bearish
Confirmation Pattern.
This forecast is ended by the quote below:
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Super Trading Strategies: Strategies Super
Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng
Start your journey to permanent success: http://www.tallinex.com/open-account?i=128521
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