Zanga Iron
shares (LSE:ZIOC) are in a bullish mode, having gone upwards seriously this week,
to continue the bullish bias that was started late last month.
The ADX
period 14 is at the level 50, which shows a very serious momentum in the
market. The DM+ is above the DM-, showing that bulls are in control. The MACD,
default parameters, has its signal lines and histogram above the zero line.
There is a
Bullish Confirmation Pattern on Zanga Iron, and price may go towards the supply
levels at 10.00 (which has been previously tested), 13.00 and 15.00. The signal
in the market is a BUY.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Traders’ Mindset: Traders' Mindset
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