Massive Gains on Sound Energy, More to Come

PUBLISHED: Aug 09 2016 @ 06:46 | Comments (0) | More info about Azeez Mustapha

Sound Energy shares (LSE:SOU) have made massive gains, and more of them are yet to come. This is a kind of market in which investors make lots of money.

The chart shows that the market was in a tight equilibrium phase from February to the end of June 2016. As from the beginning of July, the price broke out of that tight equilibrium phase, which has essentially become a base. Since then, the market has made massive gains, and it is still in a strong bullish mode.

Price is above the EMA 21 and the Williams’ % Range period 20 is often in the overbought region. This is a clear bullish signal. While Sound Energy could experience some pullbacks along the way, the market is expected to go further and further north, making at least, another 2000 points within the next several months.

Super Trading Strategies: Super Strategies

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.