ACTA Doesn’t Look Sexy

ACTA shares (LSE:ACTA) do not look attractive right now, and the best option is to stay away from the market until a clear bias is formed. The market is currently in an equilibrium phase and there no significant victory between the bulls and the bears.

The ADX line is below the level 20, showing a trendless market, while the DM+ is not conspicuously above the DM- (being an unstable position). The MACD (default parameters) has its signal lines below the zero line and its histogram above the zero line. This shows mixed signals on the chart, and therefore, it is better to step aside until there is a bearish or bullish confirmation pattern in the market.

Sadly, no-one can forecast what would transpire except it transpires. What you see on the chart is only historical data. Overconfidence to assume a bias before it actually happens may force you out of the markets quickly. So you need to set only realistic goals and accumulate profits in a slow and steady way.

This piece is ended with the quote below:

“Trying to have control, having all the answers, and always being right are the worst character traits possible for a trader.” – Brian Lund

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

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.

• 

  Kiana Danial

• 

  Alice Hudson

• 

  Dan Atkinson

• 

  Tip TV