Tungsten Corp shares (LSE:TUNG) are currently weak, and the
weakness is supposed to continue until there is a confirmed bullish trend in
the market. Right now, the trend is bearish.
In the chart, the ADX period 14 is below the level 30, which
means the momentum in the market is not that great. The DM+ and DM- are
intertwined owing to the lack of momentum in the market. The MACD (default parameters)
has its histogram above the zero line, while its signal lines are below the
zero line.
There are mixed signals in the Tungsten Corp market – while the
overall bias is bearish. Momentum will eventually return to the market, and it
might likely be in favor of the bears.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
What Super Traders Don’t Want You To Know: Super Traders
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