Amur Minerals stock (LSE:AMUR) is an erratic and random market. That is
the movement that best describes the market in recent times. The major outlook
on the stock is bearish.
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 sloping downwards, and the price is below the EMAs 200 and
50; and it is sometimes pushed against the EMAs 10 and 20. As long as the EMA 50
is not reached to the upside there would not be a threat against the ongoing
bearish bias.
Once the EMA 200 is breached to the upside, a valid bullish signal would
already be in place. But right now, the bias is bearish and further southwards
journey may resume once the current consolidation is over.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Trading realities: Trading realities
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