Eurasian Mining shoots skywards

Eurasian Mining stock (LSE:EUA) has shot skyward, following a recent protracted ranging phase, which essentially became a base.

The bullish breakout was so strong that it has generated a clean “buy” signal. The ADX period 14 is above the level 40, meaning that the momentum in the market is heavy. The DM+ is far above the DM-, signifying that bulls are currently dominating bears.

MACD default parameters, has its signal lines and histogram above the zero line. There is a Bullish Confirmation Pattern in the market, and price is supposed to continue going heavily upwards.

EUA stock may reach the demand levels at 1.00, 1.50 and 2.00 within the next several months.

 

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