Saturday, June 9, 2018

SRT Marine Systems dips amid rally, to go upward again

SRT Marine Systems stock (LSE:SRT) has dipped amid a strong rally, and it is expected to recover, to continue the rally and go further upwards.

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 part of the chart. The EMAs are depicting an uptrend. However, the recent dip almost threatened the bullish bias.

An upwards bounce has already started and that is hoped to recover the recent losses. Therefore SRT will reach the resistance levels at 35.00, 40.00 and 45.00 before the end of this year.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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