Plutus Pwrgen: A strong bull market

Plutus Pwrgen: A strong bull market

Plutus Pwrgen stock (LSE:PPG) is  a strong bear market. Price has been going southwards in the last several months, and there is still much room for price to go further southwards again.

4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left corner of the chart.

All the EMAs are slopping downwards, showing a strong downtrend. Whenever price goes below the EMA 10 or 20, it shows a strong downtrend. Whenever price goes above the EMA 20 or 50, it shows some retracement. As long as price does not go above the EMA 200, the downtrend will continue.

Plutus Pwrgen is supposed to continue its downtrend. 

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: Trading realities 

  

Source: http://uk.advfn.com/newspaper/authors/azeez-mustapha

Buy and sell Perfect Money/Payeer/Epay; get funded quickly: www.ituglobalfx.com.ng

Start your journey to permanent success: http://www.tallinex.com/open-account?i=128521