Asiamet resources likely to continue going upwards

Asiamet stock (LSE:ARS) is in a bullish mode and it is more likely to continue going upwards. The market is quite choppy, but bulls are excitedly active.

There were series of short-term upswings and downswings in the past months, but the market has jumped higher this month, now above the demand level at 5.5.

Price is above the EMA 21 (a “buy” signal), and the Williams’ % Range period 20 is in the overbought region (another bullish indication). While Asiamet Resources could be temporarily in sale, in the context of an uptrend, further bullish movement is possible within the next few months.

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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