Eurasian
Mining stock (LSE:EUA) has shot skyward, following a recent protracted ranging
phase, which essentially became a base.
The
bullish breakout was so strong that it has generated a clean “buy” signal. The
ADX period 14 is above the level 40, meaning that the momentum in the market is
heavy. The DM+ is far above the DM-, signifying that bulls are currently
dominating bears.
MACD
default parameters, has its signal lines and histogram above the zero line.
There is a Bullish Confirmation Pattern in the market, and price is supposed to
continue going heavily upwards.
EUA stock
may reach the demand levels at 1.00, 1.50 and 2.00 within the next several
months.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Trading realities: Trading realities
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