Jubilee Platinum: Buyers Are Encouraged to Continue Holding the Stock

PUBLISHED: 23 Jul 2015 @ 16:38 | Comments (0) | More info about Azeez Mustapha

Buyers are encouraged to continue holding Jubilee Platinum stock (LSE:JLP) because it has a good potential to continue going further upwards, considering the recent short-term dip in the context of an uptrend and what price action is saying.

4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part of the chart. It can be seen that all the EMAs are basically trending upwards. A recent test of the EMA 50 has resulted in a new lease of bullish run. The price may move above the EMAs 20 and 10 occasionally as the bullish journey continues.

The market trends upward when speculators buy more and more. Whenever the market then enters an equilibrium phase, that will mean there is a temporary sideways movement in the market. This may then lead to a trend in a new direction or a continuation of the recent bias. Even the market may move more sideways – it all has to do with what most speculators are doing.

Buyers should hold Jubilee Platinum stock until there is a Death Cross in the market.

This forecast is ended by the quote below:

“Breaking even happens very often to the best of traders – if they were not the best of traders these trades would often have resulted in a loss. Only if we accept the idea of breaking even are we able to focus on new trades without putting ourselves under additional pressure.” – Andy Jordan

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