Greatland
Gold shares (LSE:GGP) are currently soaring, following a frustrating and boring
period of trendlessness (January – June 2018). Price soars, thus ending the
long-term ranging movement.
The ADX
period 14 is above the level 40, showing a very strong momentum. The DM+ is
above the DM-, meaning that bulls reign.
The MACD
default parameters has its signal lines and histogram above the zero lines.
That shows a Bullish Confirmation Pattern in the market. Things are supposed to
keep on going northwards.
A “buy”
signal has already been generated in the market, and this could just be the
beginning of a long-term bullish journey, which ends the recent frustrating base
that has been formed in the market.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Trading realities: Trading realities
No comments:
Post a Comment