Infinity Eng. Spikes Upwards Massively

 Infinity Eng. stock (LSE:INFT) has recently spiked upwards massively. This follows the recent consolidation in the market, and time will tell whether the breakout would be a beginning of a bullish journey or it will prove to be a false breakout.

Currently the Williams’ % Range period 20 is almost into the overbought territory, and the long bullish candle we are witnessing also is poised to close above the EMA 21. Should the market close above the EMA 21, and the Williams’ % Range period 20 remain around the overbought region, there is a likelihood that the uptrend would continue.

The general movement on Infinity Eng. this year has been bearish, but the recent upwards breakout may be the beginning of a long-term bullishness in the market.

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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