Breaking news! A Golden Cross has just occurred on
Scancell Holdings shares (LSE:SCLP). It happened forcefully this week, and that
has heralded the end of the recent bearishness in the market, as bullishness
has occurred.
4 EMAs are used for the analysis and they are EMAs
10, 20, 50 and 200. The color that stands for each EMA is shown at the top left
part of the chart.
All the EMAs were preciously trending downwards,
owing to the bearish trend that was seen in the last several months. The
forceful and violent bullish breakout we have just witnessed has pushed price
above the EMA 200. A Golden Cross has occurred. Bulls now reign.
The EMAs 10, 20 and 50 would soon start going
upwards as Scancell Holdings continue going upwards, reaching the supply levels
at 17.00, 19.00 and 20.00 within the next several weeks.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Traders’ Mindset: Traders' Mindset
No comments:
Post a Comment