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Here is the technical analysis forecast on Emed stock (LSE:EMED), based on the extant circumstances in the market.
Right now, the price has closed below the EMA 21 and is trading below it, while the Williams % Range period 20 has gone into the oversold situation. This means that the selling pressure is currently strong and is expected to continue. While opening a position, you need to think of the effect of the overall market sentiment, plus how it can have a positive or a negative effect on your position. If bad fundamental facts come when the general sentiment of the market is bearish, the results could be disastrous (in contrast to when fundamental facts come out during optimistic market sentiment, which usually leads to a transient correction in an optimistic scenario). Let us call a spade a spade, for I am not here to tell you that an African albino is a white man. The purpose of this analysis is to make you aware of the reality on Emed.
Bearing this in mind, it is therefore possible that Emed stock would improve in future, but right now, the signal is ’SELL.’
The business of trading is just like any other business in the world. Dr. Ken Long (www.vantharp.com), says that he knows from scholarly and popular literature that 90 percent of new businesses fail within the first five years and 90 percent of the survivors fail in the next five years. Then there are organizations that succeed remarkably operating in the most difficult circumstances. In these environments, failure is typically catastrophic and you would expect it to be the norm, yet certain organizations thrive in conditions of high risk and high uncertainty.
When the permits are issued and Rio Tinto is up and running lets see what this does!
Crash not Azeez!
“Let us call a spade a spade, for I am not here to tell you that an African albino is a white man.”
Careful mate!