Physiomics
PLC stock (LSE:PYC) has shot upwards massively, just like Bitcoin. This follows
the long-term consolidation (base line), which held out for several months. The
recent massive, bullish breakout has ended that.
4 EMAs are
used for this 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 are flat, reflecting the past tight consolidation in the market. However,
the 4 EMAs would start sloping upwards.
Physiomics
is now in an uptrend, that is supposed to be sustained as the ongoing bullish
breakout is sustained.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Traders’ Mindset: Traders' Mindset
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