Providence Resources: A bullish signal forms in a volatile environment

Providence Resources shares (LSE:PVR) have already generated a bullish signal, while the market environment is volatile.

In the past few months the market was coming downwards gradually, but right now, price has crossed the EMA 21 to the upside. At the same time, the Williams’ % Range period 20 has already gone into the overbought region.

While there may be temporary pullbacks along the way, the general market movement is supposed to be bullish. Since there is a bullish signal in the market, which still has enough room to run, the prospects on Providence Resources are bright indeed.

                                                

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Traders’ Mindset: Traders' Mindset

  

Source: http://uk.advfn.com/newspaper/authors/azeez-mustapha

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