StratMin Global – Will The Shares Go South?

What would be the eventual fate of the shares on StartMin Global (LSE:STGR)? Would they go south or north? The expected outlook is explained below and would need a thorough plan to be followed. When initial trading plans are followed faithfully, gains normally result.

On the chart above, 4 Exponential Moving Averages are used. They are EMAs 10, 20, 50, and 200 (the color that stands for each EMA is indicated on the top left part of the chart). Until very lately, the price has been in a subtle northward journey, in spite of its turbulent past. Since the last week, the price has been in clean bearish run, especially in the near term. Does this mean the subtle bullish mode is over? Nope. The current scenario is just a unique opportunity to buy lower in a currently subtle bullish mode, especially at the demand level of 50.50 or 51.00. No bear would be able to overpower the bulls in the long term. The policeman that will arrest the devil is yet to be recruited. It is possible that the price reaches the supply level at 70.50 later this year. As long as the price fails to break the EMA 200 to the downside, the signal is ‘buy.’

This article is ended with the quote below:

“Making profits can be slow and boring.” – Clem Chambers

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