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Omega Diagnostics Group Plc stock (LSE:ODX) is a bear market, and the bearishness is expected to continue. The current bullish effort is merely a ruse, in an attempt to trap buyers in what will end up being a short-term rally in the context of a downtrend.
Price has been falling from April 2021 till now.
In the chart, ADX period 14 has its line around the level 30, which means
there is a considerable amount of momentum in the market right now. Its DM- remains
above its DM+. That is a bearish signal. The MACD, default parameters, has both
its signal lines and histogram above the zero line. All this shows that there
is a Bearish Confirmation Pattern in the market.
It does not make sense to go long in this market. Rather, once should use
the opportunity of the current candlestick to go short, for the outlook on the
market remains bearish, and ODX may reach the support levels at 45.00, 40.00
and 35.00 within the next several months.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Teach Yourself Technical Analysis: Technical analysis
Supply@me Capital Plc shares (LSE:SYME) has generated a valid bullish signal on it. Although the market was generally bearish from April 2021 until the end of July, the bias has changed.
In August 21, bulls have made commendable effort to push price upwards,
and that has resulted in a bullish signal in the market.
Price is well above the EMA 21 and the William’s % Range period 20 is
above the level 60, sloping upwards. This is a bullish signal.
Eventually, SYME will reach the resistance levels at 0.40, 0.50 and 0.60,
and that is expected to happen in the next several months. There would be
temporary pullbacks along the way but buyers would be the overall winners.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Teach Yourself Technical Analysis: https://www.advfnbooks.com/books/techanalysis/index.html
“Have a mind of your own. Certain traders blindly follow other traders without knowing the rationality behind their choices. If they lose, you lose and if they win, you win.” – PredictMag
Recently, we discussed the methods and
ways to make easy money on PredictMag. You can see the article here:
http://www.ituglobalfx.com.ng/blog/posts/strategies-for-making-money-on-predictmag
One way to do so is to make your own
decisions and be responsible for them. Certain users don’t seem to know what
they are doing. They are not capable of making decisions for themselves and all
they do is copy predictions from others.
While copying from others is not a bad
thing, have you ever thought of exploring your potential? Please check
categories like entertainment, local events, markets, sports, etc, and see the
questions you can answer for yourself and get right. Think and make research
and you will realize that you’re probably better than those whose predictions
you’re copying.
You can never know until you try out.
The answers you think may go wrong can eventually be the correct answers, while
those you believe would be correct, may not be so.
Once again, if you blindly follow others, the
results may not be palatable. If you rely on others to make predictions for
you, what would happen to you once they’re unable to do that again, owing to
some reasons?
It’s time for you to be a lone wolf and
realize your worth. Make your own decisions and make your own money.
How it works: https://www.predictmag.com/how-it-works
Hi Traders:
I have come again... to make my next forecasts. As you may have known, my predictions come
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