Annual Trading Forecast on Cap-XX (2016)

Cap-XX stock (LSE:CPX) now looks like a promising market, owing to the current price action on it. The market has been making persistent bullish effort since the month of February 2016. This is something that has paid off: There is a “buy” signal in the market.

The ADX period 14 is almost above the level 40, showing a strong momentum in the market. The DM+ is also above the DM- (bulls are reigning). The MACD, default parameters, has its histogram and signal lines above the zero line. There is a straightforward Bullish Confirmation Pattern in the chart.

Cap-Xx should continue trending upwards and upwards this year, reaching the supply levels at 8.00, 9.00 and 10.00.

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