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There is a directional movement on Camco Clean (LSE:CCE), which would be favorable to those who follow the line of the least resistance, i.e. those who flow with the market. This is a bull market and any attempt by the bear to violate the trend would either be momentary or it will backfire. The moth, in an attempt to put out a fire, destroys itself.
On the chart, the ADX period 14 is above the level 30, and the DM+ is sloping above the DM-; something that shows a clean ‘buy’ signal. The MACD default parameters, has both its signal line and histogram above the zero line. This is a Bullish Confirmation Pattern on the chart, and as a result of this, the price may go upwards towards the resistance line at 10.00 within the next several weeks or months. This second paragraph has thus answered the issue raised by the topic above.
Conclusion: This stock is expected to continue rising up as we are long and we manage our trades. It is sometimes nice to blend things to meet your own risk control parameters – that is necessary. But the way you do this may affect you for better or for worse. We know trading is not gambling, but suicide trading is. As the quote below shows, trading is wonderful.
This forecast is ended with the quote below:
“Now first let me say that I think everybody should try to learn to trade. I also believe that learning to trade takes a lot of work, and it is not always evident right away whether or not someone will ultimately end up as a successful trader.” – Brian Lund
Eye-opening trading lessons: Lessons from Expert Traders
