Minoan Group Plc stock (LSE:MIN) is currently not an attractive market as it is quite choppy. This kind of choppiness has been going on for nearly 6 months.
In this market, both buyers and sellers suffer, because there is no clear
winner. The price is neither above nor below the EMA 21. Although William’s % Range
period 20 is in the oversold region, perpetually.
A breakout is supposed to happen soon, and when it does, the probability of the price going further downwards is higher than its probability of going upwards. This is bad news for those holding this stock, who have not made money in this market and who are poised to lose further.
MIN could reach the accumulation territories at 1.00, 0.8 and 0.6 within the next few months.
Market Analyst, Trading Signals Provider and Coach
Teach Yourself Technical Analysis: Technical analysis
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