Doriemus Races Towards the Supply Level at 0.3000

Following long period of trendless phases, there has been a dynamic rise on Doriemus stock (LSE: DOR). Since October 2013, the price has risen significantly; as it makes attempt to recover some recent losses. This is a surprise to the battered bears who are too ashamed to see that the price is going determinedly against them. Even if the fox is having an eye problem, must the news be broken by the chicken?

The price – though highly volatile – is trading above the EMA 21, while the Williams’ % Range is already in the overbought territory. This shows the strength of the bulls: the price may race towards the resistance level of 0.4000 within the next several months.

Conclusion: Doriemus can continue racing upwards – challenging the supply level at 0.3000, and possibly breaking it upwards, while racing towards the supply level of 1.4000. The best way to make money here is to go long and ride it as the price races further north. Positive expectancy trading methodologies are great for making sure than one has gains in the long run. Of course, there would be challenges along the way. As one rides one’s gains in this market, one would do well to remember to apply risk control measures. Experience reveals that those who risk less tend to a make more money than those who risk more.

This forecast is ended with the quote below:

“The difference between an average trader and a professional trader is the execution of trades as soon as you see a first-class-chance – independent of the last trade.” – Valetin Rossiwall

Eye-opening trading lessons: Lessons from Expert Traders

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