Tuesday, December 26, 2017

Microsaic – BUY

Microsaic shares (LSE:MSYS) could now be rated a “buy” as a result of the recent great bullish breakout, which should continue for several months.

The market consolidated to the downside between July and October 2017, and then went flat from October until December, when it had a major breakout, going northwards wildly.

Price has now become very volatile as bears are fighting desperately to bring it down. However, the upwards journey is expected to continue.

Price is above the EMA 21 (a buy signal), and the Williams’ % Range period 20 is around the level 40, meaning the bullish momentum in the market is strong.

Microsaic would continue going upwards, irrespective of what the market is doing…  

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Traders’ Mindset: Super Traders

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