A “buy”
signal has been generated on Versarien stock (LSE:VRS) as there has been a
bullish breakout in the market.
The market
was bullish in December 2017 and January 2018. Then it became bearish from
February 2018 until May 2018. However, this May, there has been a rally that
brings about a bullish bias on the market.
Price is
now above the EMA 21, and the Williams’ % Range period 20 is in the overbought
region. Since the signal on VRS is bullish, further rally is expected.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Trading realities: Trading realities
No comments:
Post a Comment