San Leon shares (LSE:SLE) are very weak; so they
would continue going downwards until they reach an accumulation territory that
is strong enough to challenge the downtrend.
The price has been dropping since early February
2014. It consolidated this month, but later broke out below the lower
Trendline. The RSI period 14 is likewise below the level 40, going towards the
level 30. The weakness it strong enough to continue pushing the price downwards,
and the price may reach the accumulation territory at 2.00.
Conclusion: Shorting
San Leon shares could make us realize profit. The entry criterion is not the only
thing we need to make money; so we need to manage the trade very well. You
would thus need to make the decision whether or not to take an action. No-one
else would make the decision for you. When you are pressed and you want to go
to toilet, you cannot send someone to do that for you.
This forecast is ended with the quote below:
“Keep
learning, keep growing, keep tweaking your trading. Stick with what makes you
money and allows you to keep it, discard what does not…The question is not
where you are now in your trading journey and how much money you have, the real
question is who you will be and what you will have five and ten years from now
if you keep doing what you are doing. Keep studying, keep growing, never give
up.” – Steve
Burns (Source: Tradersonline-mag.com)
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Eye-opening trading lessons: Lessons from Expert Traders
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