Roxi Petroleum shares (LSE:RXP) are very strong
right now, having broken upwards and having resumed a bullish journey since
last month. This bullish bias has also continued this month… and this is just
the beginning.
In the chart, the ADX period 14 is above the level
50, going towards the level 60. This signifies a very strong movement in the
market. The ADX DM+ is above the DM-, meaning that the bulls are currently victorious.
This is a buy signal. The MACD (default parameters) has both its histogram and
signal lines above the zero line; another buy signal confirmation. This is a Bullish
Confirmation Pattern in the chart.
The price may go upwards within the next several
months, reaching the supply levels at 19.00 and 20.00. By riding the trend, our
portfolios enjoy gradual percentage increase. Be aware that success in trading comes
gradually, being a marathon, not a sprint.
This forecast is ended by the quote below:
“One of
my strengths is to be able to delay rewards. This is very positive for trading.” – Julian
Komar
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Learn from the Generals of the Markets: Market Generals
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