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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