CPP Group shares (LSE:CPP) have become a bull’s
paradise – a situation in which buyers simply buy and hold – making long-term
profits effortlessly.
In a world in which following the line of the least
resistance has not been easy over times, using trading methodologies that work
in equilibrium phases and contrarian methods would easily become popular. Since
March 2013, the price had been an equilibrium mode which dragged on too long.
During that equilibrium mode, it was thought that the price would break out
towards the downside, as the bull’s got plummeted.
There was a serious northward breakout from the
equilibrium mode around the latter part of July 2013, in which the price had a
gain of over 300% before retracing. In fact, it was the bear that got plummeted
while the bull has been rewarded. The trap that was set for a partridge has
caught an iguana instead. As long as the RSIP period 14 is above the level 50
and as long as the price does not touch the upper Trendline, the northward
determination is valid.
This piece is ended with the quote below:
“Today’s
market price is based on what people know. Tomorrow’s price is based on what
people don’t know today. For this reason, I spend very little time looking at
what the majority of investors is already aware of. I spend nearly all of my
time trying to determine what the majority is unaware of.” – Jesse Felder (Source:
www.tradersonline-mag.com)
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Ground-breaking lessons from expert traders: http://www.harriman-house.com/experttraders
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