Pantheon Resources: Buyers Are Extremely Glad

PUBLISHED: 12 Nov 2015 @ 08:35 | Comments (0) | More info about Azeez Mustapha

Pantheon Resources stock (LSE:PANR) has skyrocketed seriously, making substantial gains. The bullish race started gradually in September, becoming more and more serious in October. But this month, the bullish race was so momentous that the price almost went up in a straight line.

Would this bullish race be sustained? 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. All the EMAs are trending upwards, signifying a clean bullish trend.

The bullish momentum is so strong that the price is still far above the EMA 10 in spite of the recent shallow bearish correction. The upwards race will continue, though the speed may be reduced. Any bearish retracements could make the price go into the EMA 10 or 20, which would be an opportunity for more bulls to join the race.

On Pantheon Resources, buyers are, undoubtedly, happy, and this happiness would continue in the next several months.

This forecast is ended by the quote below:

“At the moment, I still work full time, but by the age of 30 I’d like to retire and take on trading full time. In my opinion, life is too short to be working for someone – particularly in this day and age where there are multiple ways to make money online.” – Chronictrader (Source: Trade2win)

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