Transense
shares (LSE:TRT) have been bullish for some weeks. The bullishness started
around September and the market has become particularly strong at the moment.
Price has
gone far above the EMA 21, and the William’s % Range period 20 is far into the
overbought region. The bullish momentum is currently strong, and price is supposed
to continue going upwards in spite of occasional pullbacks (a normal thing).
Short
trades are not logical in this market, unless things become bearish, which may
take a long time. Right now, long positions are sensible.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Trading realities: Trading realities
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