Thursday, December 7, 2017

Advanced Onco surprises investors

Advanced Onco stock (LSE:AVO) has surprised investors. Price was bullish from July to October 2017, and then started going downwards. Price has now shot upwards this month, and would keep going upwards in spite of a possible retracement along the way.

The ADX period 14 is at the level 30, showing that the momentum in the market is strong. DM+ is above DM-, showing that the bull is thriving at the moment. The MACD default parameters, has its signal lines above the zero line.

There is a Bullish Confirmation Pattern in the market, and Advanced Onco is expected to go upwards from here, in spite of occasional bearish retracements along the way.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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