Amur Minerals stock (LSE:AMC)
is currently flat, forming a tight base that has been seen since April this
year. The market trended downwards in February and March, prior to the current
flat movement.
The ADX period 14 is
between the levels 20 and 30, while showing that there could be some
considerable momentum in the market. The DM+ is also slightly above the DM-,
revealing a bullish intent.
The MACD, default
parameters, still has its signal line and histogram (which seem like thinning
out) below the zero line. However, the MACD is a kind of converging to the
upside and that may end up creating a bullish signal, once the zero line has
been crossed to the upside.
Yes, there is a tight base
on Amur Minerals Corporation, but a breakout to the upside is likely before the
end of this year.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Traders’ Mindset: Traders' Mindset
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