Wednesday, July 26, 2017

Mobile Streams is an ugly market

Mobile Streams shares (LSE:MOS) are not currently attractive. In fact, the market has been caught in a protracted base, and a major breakout is imminent.

The more protracted the base is, the more the chances of a major breakout when it does occur. This does not necessarily mean it would favor the bear. Price can go either way.

4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 100. The color that stands for each EMA is shown at the top left part of the chart. The 4 EMAs are now trying to slope upwards as price stays above the EMA 200 and 50. Very soon, buying pressure may increase and that may push price above the EMAs 10 and 20; thereby generating a bullish signal.

The outlook on Mobile Streams is bullish and an ugly market may soon become a pretty market.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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