Wednesday, July 19, 2017

Blue Star Capital - Go Long

Blue Star Capital stock (LSE:BLU) is extremely strong right now. The market had been in a tight consolidation in the past several months, before becoming a bull’s paradise.

The consolidation was so tight that it formed a long-term base, and now it has broken out with a high momentum, skyrocketing.

The ADX period 14 is at the level 60, meaning that the momentum in the market is superb. The DM+ is above the DM-, showing that bears have already been ravaged and they are completely hopeless at the moment,

The MACD parameters has it both its signal lines and histogram above the zero line. There is a huge Bullish Confirmation Pattern in the market: The bullish journey is expected to continue for the next few months, at least.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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