Churchill stock (LSE:CHL) would rise upwards again, strongly at this
time, following the volatile current correction in the market. The market moved
sideways in the months of March and April 2016, broke upwards in May and later
got corrected while things remain volatile.
In the chart, the price is around the EMA 21 and will likely go
above it very soon, staying above it. As for the Williams’ % Range period 20,
it is around the overbought area, revealing that the current momentum in the
market is in favor of the bulls. The bias is a kind of bullish, and it would be
reinforced as the bulls push the price further upwards.
Churchill Mining could reach the supply zones at 30.00, 40.00 and
50.00 within the next several months. The supply zone at 30.00 itself has been
tested and it would be retested again.
This forecast is ended by the quote below:
"If you think a
company will be around 20 years from now, then it is probably a safe
investment." – Warren Buffet
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
What Super Traders
Don’t Want You To Know: Super Traders
Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng
No comments:
Post a Comment