President Energy: Price is ready to break out to the downside

Share On Facebook
share on Linkedin

President Energy shares (LSE:PPC) may lose more of their value when the price breaks out and go further south. The market has been very choppy and volatile lately, plus the logical thing to do right now is to seek short trades.

Since last month, July 2014, the price has been coming down, going through very turbulent waters as the bulls and the bears continue to struggle. The bears have upper hands. In the chart, short orders would make more sense as soon as the price breaks below the lower Trendline. The RSI period 14 is still below the level 50, supporting a possible bearish run.

This is the type of market in which sellers make money. Many people think that money is being lost when the market goes downwards, but this is not true. No money is lost in bear markets; it just changes hands.

This forecast is ended by the quote below:

“Study the successful people in your field so your own views on the markets will be verified and validated.” – Louise Bedford

Learn from the Generals of the Markets: Market Generals

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).

This area of the 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 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.

Leave A Reply

Do you want to write for our Newspaper? Get in touch:

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210304 12:40:37