There is Valid Optimism for Aminex Stock

Aminex stock (LSE: AEX) is wrapped in valid optimism right now. The price has constantly found a bottom around the accumulation territories of 4.00 and 3.50. Since those accumulation territories are too strong for the bears, the price would eventually go up.

The price is below the EMA 21 and the Williams’ % Range period 20 is in an oversold situation. Honestly, this shows a bearish signal, but the signal is invalid. The reason is that, recent historical data supports the fact that there are some strong barriers to bearish threats around the market territories at 4.00 and 3.00. The only thing that can render the bullish expectation invalid is a condition in which the price breaks the accumulation territory at 3.00 to the downside and trade lower. With this not happening, the price would go upwards. Yet, studies reveal that, in most cases, very cheap stocks tend to go upwards with less bearish possibilities then very expensive stocks. Precise gains cannot be prognosticated. It is known that speculators’ confidence is very low during bad fundamentals and when the headlines spread dismal sentiment. As a result of this, it is common for most shares to be very attractive (being favorable to buyers) when the markets still remain bearish.

This article is ended with the quote below:

“The same investors who ask “How was last month” are the same ones who quit. Successful trading is a marathon. It is never easy. If it were easy everyone would be rich and we know this is not the case.” – Andrew Abraham

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

Follow @ItuGlobal

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

WHAT IS ADVFN?

ADVFN covers all things stock market.

From the news and opinion pieces on pages like this to share discussion forums, charting tools, financials, live share prices and Level 2, order book data

If you trade or invest ADVFN has the tools you need to make the right decisions.

• 

  101 Ways to Pick Stock Market Winners

  You need the number one bestselling investment guide, the definitive text for day traders, investors and stock pickers.

• 

  The Death of Wealth

  Dissecting the global economy and the financial markets, the book lays out the evidence for the next economic game changer: the Death of Wealth.

• 

  John Cadogan

• 

  Chrisoil

• 

  Kiana Danial

• 

  Deb Shaw