Ignore Goldstone Resources Until…

Investors are advised to ignore Goldstone Resources (LSE:GRL) shares until a clearer trading signal forms on its chart. One way of recognizing this is explained below. A difficult market requires a creative approach. It is a modern hound that is well suited to hunt a modern hare.

 

In the past several months, the trend on the chart has been bearish. Now it appears as if the price had found a bottom, and is poised to go up. There are currently mixed signals on the chart; something that requires investors to stay off the market. The ADX period 14 shows that the current trend is weak (though the DM+ is above the DM-). The MACD default parameters have its histogram above the zero line, whereas the signal lines are below the zero line. When would one buy in this market? One would buy only when the ADX line has gone beyond the level 30, as the DM+ is above the DM-. Then, both the signal lines and the histogram of the MACD should be above the zero line. At this time, there should have been a Bullish Confirmation Pattern on the chart. That would be the best time to buy. As stocks are owned by investors, they are not without those who own them, and whatever happens to them will affect their owners.

 

This article is ended with the quote below:

 

"If I have seen further, it is by standing on the shoulders of giants."

-- Sir Isaac Newton

 

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Azeez Mustapha

 

Market Analyst, Trading Signals Provider and Coach

 

Copyright (C) ADVFN PLC

 

For more articles, go to: http://www.advfn.com/newspaper/authors/azeez-mustapha

 

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Fortune Oil – A Great Market!

Fortune Oil (LSE: FTO) shares look great for those who have been looking for an opportunity to go long. Bulls would merely need to enter at some great price levels, with professional equanimity, as bears are battered ignominiously.

 

One the chart, 4 EMAs are used. They are EMAs 10, 20, 50, and 200 (the color that stands for each EMA is shown on the top left area of the chart above). A few months ago, the price was essentially trading in a range, as shown by the EMAs. But since November 2012, the price has been trending upwards gradually until it gapped up significantly on December 17, 2012. After the gap-up, the price made a conspicuous upward surge. Both the EMAs 10 and 20 have gone above the EMA 50, with the price above them. This is a bullish signal. One realizes gains from an instrument that goes northward as you open long positions. Whenever there is a pullback in the market, one would not bother whether there is a southward correction. What matters now is how you allocate your assets, including contingency plans.

 

This article is ended with the quote below:

 

“I would like to make decisions that are as independent as possible of my personal well-being and mental state.” – Faik Giese

 

NB: You would be exposed to world-class, cutting-edge, and top-notch trading experiences here: www.advfn.com

 

 

Azeez Mustapha

 

Market Analyst, Trading Signals Provider and Coach

 

Copyright (C) ADVFN PLC

 

For more articles, go to: http://www.advfn.com/newspaper/authors/azeez-mustapha

 

NB: If you want to receive permanently free winning Forex trading signals, please send me an email titled: “A Request for Free Trading Signals.”

 

Send the request to: saazalmu@yahoo.com

 

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GoldPlat: Stock Now at a Retail Price

Goldplat Shares (LSE:GDP) are now at a retail price: those who sell at the current price levels would realized decent gains for their transactions. Inveigled bulls could enter this market at their own peril, ignoring the fact the buying pressures are already occluded. The shares are expected to plummet, either slowly or hastily, thought it does not mean there cannot be intermittent fluctuations to the upside in the near-term before the price resumes its southward plunge.

 

Technical Forecast

Until the end of September 2012, the market was in an uptrend. But since then, it has been in a downtrend.  The market just continues making lower highs and lower lows. On the chart, there are Trendlines and the Relative Strength Index period 14. The Trendlines show that the market is in a downward phase, while the RSI signifies a weak market by going into the oversold region. The RSI could stay in that region for a long time (the bearish outlook is valid for as long as the price remains below the level 50). The price now stands at the level of 12.625. It is expected that the support levels of 12.500 and 12.400 be breached downwards in due course, whereas, there are resistance levels at 12.700 and 12.00.

 

The price is really at a retail price – something favorable to bears. Someone who opens a new short position could put their stop at 12.820. This person also might plan to exit their position as soon as the price reaches 12.020. The only thing that can make this outlook invalid is a situation in which the price attacks the upper Trendline and breaches it to the upside, while the RSI 14 goes above the level 50. As it is true of all trading methodologies, a point where you would take your profit is crucial, especially in an attempt to have more gains than losses. One needs to pinpoint the highest or the lowest amount one would hang one’s hat upon. That is when one would know when to smooth a position.

 

Conclusion: There is no ‘buy’ signal on the Goldplat plc market: what we have is a ‘sell’ signal. I know that, by saying this, I won’t be the favorite analyst for this week. However, we have successful career in the world of speculation when we respect what the price is doing. That is when we will enjoy happy and successful career.

 

This article is ended with the quote below:

 

“In my opinion, hard work in combination with a certain humility vis-à-vis the market, is the best recipe for success… However, I can’t imagine leading a life without  trading being the center of my professional activity. I just live to trade!” – Faik Giese

 

NB: You would be exposed to world-class, cutting-edge, and top-notch trading experiences here: www.advfn.com

 

 

Azeez Mustapha

 

Market Analyst, Trading Signals Provider and Coach

 

Copyright (C) ADVFN PLC

 

For more articles, go to: http://www.advfn.com/newspaper/authors/azeez-mustapha

 

NB: If you want to receive permanently free winning Forex trading signals, please send me an email titled: “A Request for Free Trading Signals.”

 

Send the request to: saazalmu@yahoo.com

 

Open an account here: eng.fxclearing.ca/ib/915

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FTSE 250 – Here Is The Next Price Direction

What is the next price direction on the FTSE 250 (FTSE:MCX)? Would the price continue going upwards, as it has been doing recently? Is it now the time to start shorting the market? The forecast below would answer the questions above. FTSE 250 is a market that should be handled by skilled traders only. The elephant’s head is more than what a child can carry.

 

Technical Forecast

The chart below points to an uptrend – a bullish signal – that started several days ago. Whatever the reasons given for this, ultimately, it would merely be accumulation and distribution with limited accumulation expanding as a result of more buying pressures. For this analysis, the Exponential Moving Average period 21 and the Williams’ Percentage Range period 20 are used. Since the beginning of December 2012, the market has been in a bullish mode: the price is above the EMA 21, and the Williams’ % Range is in the overbought region. This means that the northward determination is very strong. Besides, it should continue as such. Therefore one would do well to consider long opportunities only (and this is no harum-scarum), especially when the market retraces back to certain support levels, say 1.2100 or 1.2050.

 

When would one short this market? This uptrend would definitely not go on forever. Therefore, one would short only when there is a clear indication that the extant bullish phase is over. That would be when the price goes below the EMA 21, and the Williams’ % Range goes into the oversold region or gong very close to that region. The 2 conditions above must be met; otherwise one would not consider it a bearish signal. Sharpening your trading skills as far as possible is something you do without ceasing. You would simply observe whether there is a selling pressure in the market; or a buying pressure, and this is the junction where technical analysis is relevant in affirming the market bias.

 

Conclusion: The market in question here, FTSE 250, would continue going up. No market should be shorted merely because it is very dear. Any attempt to do that could prove to be Mephistophelian in nature. Even a pullback in a context of an uptrend should be seen as an opportunity to buy cheaper. For you to sell there must be a bearish confirmation signal. Until then, what we have here is a northward outlook.

 

This article is ended with the quote below:

 

“The reality is that trading and investing success comes through hard diligent work. I’ve written about how you can’t realistically expect better money than other professionals without working hard… Learning to take consistently small losses is the only way to market generated riches” - Richard Chignell (Embracethetrend.com)

 

NB: You would be exposed to world-class, cutting-edge, and top-notch trading experiences here: www.advfn.com

 

 

Azeez Mustapha

 

Market Analyst, Trading Signals Provider and Coach

 

Copyright (C) ADVFN PLC

 

For more articles, go to: http://www.advfn.com/newspaper/authors/azeez-mustapha

 

NB: If you want to receive permanently free winning Forex trading signals, please send me an email titled: “A Request for Free Trading Signals.”

 

Send the request to: saazalmu@yahoo.com

 

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Carl Icahn: A Contrarian Investor

LEARN FROM GENERALS OF THE MARKETS - PART 16

 

“Despite years of experience I still have sleepless nights, but I think this is important

– it is a sign that I am focused and fully committed to my job.” - Stephen Temes

 

Carl Icahn, who was born on February 16, 1936, is a highly successful investor and businessman. He grew up in New York City, and was educated at Princeton University. He also went to New York School of Medicine, but he didn’t graduate from that school. He started playing the Wall Street in 1961. In 1968, he started a trading company. From 1978, he started to take positions in certain companies where he could influence them, usually to his own advantage, and of course, to the advantage of the shareholders of each company.

 

In 2008, Forbes mentioned Icahn as the forty-sixth wealthiest person on earth. Around March, 2012, his fortune was mentioned as being worth fourteen billion dollars. Icahn made generous donations to many humanitarian and education causes. As a result of this, buildings, places, etc. are named after him. He’s also been honored with many awards.

 

Lesson

What are the lessons that can be learned from Icahn?

 

1. Icahn is a contrarian investor. He’d invest in companies whose shares were thought to be very cheap. There’s something the Wall Street calls “Icahn Lift,” which means that the shares of a company could start rallying when Icahn buys them. He’d struggle with companies he believed weren’t properly managed (after he’d purchased enough positions to be able to do this). The purpose of the struggles was to effect changes in those companies, so that the following results could benefit those who’d invested in those companies. He said some CEOs were being paid for doing something nasty. But it was from the nastiness that he made his money (as some others also did). He used other professionals’ weaknesses to his own benefit. This is one of his most effective investing strategies – things that made him a multibillionaire. How can you benefit yourself from others’ errors on the battlefield of the financial markets?

 

2. Of course, this strategy, though effective, wasn’t always bringing exactly the desired results. Yet, Icahn is hugely successful. This means that if you’ve a good trading or investing strategy, it won’t bring the desired results always, but in the end you should be a victorious market speculator. Icahn investment style works out because his Partners hedge fund usually posts decent profits on a yearly basis.

 

3. The markets have immense riches in them. Making money is no evil, provided it’s done in legitimate ways. "I make money. Nothing wrong with that. That's what I want to do. That's what I'm here to do. That's what I enjoy." Icahn himself says. So if you want to, and do, make money in the markets, there’s nothing wrong with that. You should be rewarded for your determined effort.

 

Conclusion: Caution notices are present in here and there, whether you buy new gadgets or some playthings. Medicines also have some paper that contains a notice about what might go contrary to expectations. The caution in trading is that it carries risk, yet great riches are brought to market wizards by that risk. Top traders have their own share of heartaches and faults, but their steadfast determination result in much success.

 

This piece is ended with a quote from Icahn:

 

"When most investors, including the pros, all agree on something, they're usually wrong."

 

NB: You would be exposed to world-class, cutting-edge, and top-notch trading experiences here: www.advfn.com

 

 

Azeez Mustapha

 

Market Analyst, Trading Signals Provider and Coach

 

Copyright (C) ADVFN PLC

 

For more articles, go to: http://www.advfn.com/newspaper/authors/azeez-mustapha

 

NB: If you want to receive permanently free winning Forex trading signals, please send me an email titled: “A Request for Free Trading Signals.”

 

Send the request to: saazalmu@yahoo.com

 

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