Pantheon Resources stock (LSE:PANR) has skyrocketed seriously, making substantial
gains. The bullish race started gradually in September, becoming more and more
serious in October. But this month, the bullish race was so momentous that the
price almost went up in a straight line.
Would this bullish race be sustained? 4 EMAs are used for
this analysis, and they are EMAs 10, 20, 50 and 200. The color that stands for
each EMA is shown at the top left part of the chart. All the EMAs are trending
upwards, signifying a clean bullish trend.
The bullish momentum is so strong that the price is still
far above the EMA 10 in spite of the recent shallow bearish correction. The
upwards race will continue, though the speed may be reduced. Any bearish retracements
could make the price go into the EMA 10 or 20, which would be an opportunity
for more bulls to join the race.
On Pantheon Resources, buyers are, undoubtedly, happy, and
this happiness would continue in the next several months.
This forecast is ended by the quote below:
“At the moment, I still work full time, but by the age of
30 I’d like to retire and take on trading full time. In my opinion, life is too
short to be working for someone – particularly in this day and age where there
are multiple ways to make money online.” – Chronictrader (Source: Trade2win)
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
What Super Traders Don’t Want You To Know: Super Traders
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