Adsense

Monday, September 18, 2017

Purplebricks Group May Remain Strong

Purplebricks Group shares (LSE:PURP) may remain strong in spite of the current pullback it is experiencing in the context of an uptrend.

In the last several months, price has been in an uptrend. 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 in the top left part of the chart.

Until recently, the EMAs were sloping upwards: even the recent downwards slope represents a correction which may possibly lead to a clean opportunity to buy long at a better price.

Unless the EMA period 200 is broken to the downside (a Death Cross), Purplebricks Group price is expected to go upwards from here


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Traders’ Mindset: Traders' Mindset
  

Buy and sell Perfect Money/Payeer/Epay; get funded quickly: www.ituglobalfx.com.ng



Start your journey to permanent success: http://www.tallinex.com/open-account?i=128521 

3 comments:

  1. Snatch $760 in just 72 seconds! - ABS trading software is LIVE

    A good friend of mine just told me about this incredible
    developer, a TOP secret trading formula and $236,708.43
    per month all in the same sentence...

    This is something so incredibly profitable it's ridiculous.

    ReplyDelete
  2. GPS robot [10 times increase of the deposit amount]

    I just finished a webinar with Mark and his partner, Antony, two days ago and it was GREAT.

    During the webinar Mark and Antony shared their stories to success and answered questions about their new release of the GPS Forex Robot that is coming out TODAY!

    ReplyDelete
  3. Forex Trendy is a revolutionary software capable of determining the most PROFITABLE continuation chart patterns. It scans through all the forex pairs, on all time frames and analyzes every possible breakout.

    ReplyDelete