Stay Away from Xtra Resources!

Share On Facebook
share on Linkedin

Xtra Resources stock (LSE:XTR) is currently a good example of a market that can bring losses to buyer and sellers because of the current equilibrium conditions on it. This is essentially a quiet market which may fool some players. Some may feel that a quiet market is less risky than a noisy one – this is false.

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. In a bull market, all the EMAs would be sloping upwards while the price is above the EMA 200. In a bear market, the EMAs would be sloping downwards while the price is below the EMA 200.

However, the EMAs on Xtra Resources Daily chart are all intertwined, giving no direction. Both buyer and sellers would be stopped out here: so it is better to stay away from the market until there is a directional movement, which would take the price upward or downwards by at least, 500 points.

This is expected to happen, as following a consolidation movement is a breakout that would start a brand-new bias.

This forecast is ended by the quote below:

“I think any extended drawdown or a significant drawdown is where you need to dig deep regardless of how experienced you are. Most amateurs zig and zag at the first hurdle mainly, because they expect trading to be a linear curve. But when significant hurdles get put before us, which means drawdowns exceeding 20 per cent or being in drawdown without recovery for over twelve months. That is a time for introspection. That is the time to reaffirm that what you are doing is right and that this is just one of those challenges that comes along every so often. The same happens with our health, with our business, with the economy and with most things in life. It is how one deals with these issues that differentiates the pros from the amateurs.” – Nick Radge (Source:

What Super Traders Don’t Want You To Know: Super Traders

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:20211208 04:23:33