Goldplat Remains a Hopeless Stock

PUBLISHED: Jun 04 2013 @ 14:11 | Comments (0) | More info about Azeez Mustapha

Goldplat stock (LSE:GDP) has been in a bearish mode since the last year and it has remained so till now. This is bias that would inevitable continue. The EMA period 50 has been sloping downwards for the most part of this year.

Historically, any rallies – which were few and far between – had given nice shorting privileges. Right now, the stock is so weak that it even gapped downwards in the early part of this week. The only succor to the bulls is the possibility of the gap getting filled – something that would be essentially transitory. The price is below the EMA and the shares are hopeless. The price could go down towards the support line of 7.000. Nevertheless, this is good news for the bears. A bear that has sold this stock since the beginning of the year 2013 would have gained thousands of points in profits. That is one way of making money in any market condition. Despite any positive or negative experience, we’re irresistibly making progress. What could compare with the privilege of making your own trading decisions?

This article is ended with the quote below:

“If you have confidence in your ability to win, work hard, gain a wealth of experience and persist, you’ll master the markets and make the profits you are looking for. To gain a wealth of experience, you need to be able to survive in the markets sufficiently long to allow experience to happen to you.” – Joe Ross

Ground-breaking lessons from expert traders: http://www.harriman-house.com/experttraders

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