Paysafe Group shares (LSE:PAYS)
are currently strong. There is a strong bullish bias on the market, and this
could continue for most part of this year,
In the last few months
of 2016, price decline (especially in the month of December). Following that
decline is a rally that has held out from then till now.
In the chart, the ADX
period 14 is not that far from the level 30, meaning that there is still some
momentum in the market. The DM+ is above the DM-, showing that buyers have upper
hands. The MACD default parameters, have both its signal lines and histogram
above the zero line.
There is a strong
Bullish Confirmation Pattern in the Paysface group market and the outlook for
this year is bullish. Price should continue to rally, reaching the distribution
territories at 500.0, 550.0 and 600.0 before the end of this year.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Traders’ Mindset: Traders' Mindset
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