Friday, May 4, 2018

Trinity Mirror – choppy but somewhat bullish

 Trinity Mirror shares (LSE:TNI) are choppy but somewhat bullish. The bullish trend is not strong, but it is noticeable; and a stronger directional movement would soon materialize.

Price is above the EMA 21, and it would soon be very far above it, as soon as volatility returns to the market (which would most probably favor bulls).

The Williams’ % Range period 20 is in the overbought region, depicting the bulls’ willingness to push price further upwards at the slightest opportunity.

Trinity Mirror would continue to go further upwards for most part of 2018.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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