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
Traders’ Mindset: Traders' Mindset
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