Clear
Leisure stock (LSE:CLP) is currently making some attempt to go upwards. So far
in this month, the market was moving sideways, just as the crab walks sideways,
but there is currently a bullish price action in the chart, in the context of
the recent turbulence in the market. Where will the price go next?
The
price is now above the EMA 21 and the Williams’ % Range period 20 is also in
the overbought region. This is a ‘buy’ signal: the price would continue going
upwards, breaching the distribution territories at 2.0 and 3.0 to the upside within
the next several months. This would happen as the unbelieving bear feels at
ease. It is easier to remove something from a kid’s grasp when they are fast
asleep (when the bear is sleeping). The expected further journey to the upside
should really be a surprise to the bulls.
This forecast is ended by the quote below:
“Say ‘yes’
to what moves you towards your dreams. Stretch, strive, and dare to let your
imagination run wild about what you are capable of achieving. The best traders
do it, and so can you.” – Louise Bedford
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
What Super Traders Don’t Want You To Know: Super Traders
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