“Golden Cross” Possible on Strategic Natural Resources? The Shares Are Upbeat

Strategic Natural Resources shares (LSE:SNRP) remain upbeat as they struggle to shrug off the influence of the recent bearish trend on them. Should the price go above the market level of 10.00, and then above the EMA 200, it would be the start of a long bullish journey.

There are 4 EMAs on the chart – EMAs 10, 20, 50 and 200. The expected Golden Cross on the chart would be a new era for buyers, if it could happen. For this to be valid, the price ought to stay above the distribution territory of 15.00 within this month or next month. When this happens, there would be a confirmation of the bullish signal in the market. Buyers may continue to bull northward.

Conclusion: It would be ok to buy long here and ride the stock for as long as this new bias lasts. Unfortunately, some do not possess the fortitude to do this. Trading is war and the market is the battlefield. No wonder some called their trading stations ‘war rooms.’ They say that if you do not know who you are, the stock market is an expensive place to find out.”

This forecast is ended with the quote below:

“Those who can’t keep things simple typically pay those who can in the financial world.” – Sam Seiden

Eye-opening trading lessons: Lesson from Expert Traders

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