BMR stock (LSE:BMR) is a
bearish, losing market and this is what could continue. The market was bullish
until February 2017, when things started coming down.
The current bearish
movement has been in place for more than 3 months, and this just seems to be
the beginning. The EMA 21 is sloping downwards as price stays below it. The
Williams’ % Range period 20 is in a neutral territory (not in the overbought or
the oversold region).
As the market goes
further south, the Williams’ % Range may fall into the oversold region, as BMR
Group stock loses more and more points.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Traders’ Mindset: Traders' Mindset
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