Monday, December 28, 2020

This stock makes a shocking move!

Argo Blockchain Plc stock (LSE:ARB) has experienced what some people might think is a shocking movement. Price has skyrocketed in the last few days, following the bullish effort that started in August 2020.


ADX 14 is around the level 50, showing that the momentum in the market is very strong. DM+ is far above DM-, empathizing bulls’ supremacy. MACD default parameters, has both its signal lines and histogram above the zero line (another bullish signal).


There is a strong Bullish Confirmation Pattern in the market, which would be shocking to naysayers that once vowed not to invest in ARB. The market is bound to go further upwards towards the resistance levels at 20.00, 25.00, and 30.00. These are the targets for the next several months – levels that are even expected to be exceeded in the long run.


Azeez Mustapha


Market Analyst, Trading Signals Provider and Coach


Teach Yourself Technical Analysis: Teach yourself 


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