Annual Trading Forecast for Paysafe Group (2017)
By
Azeez Mustapha
PUBLISHED:
30 Mar 2017 @ 23:52
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More info about Azeez Mustapha
Paysafe Group shares (LSE:PAYS) are currently strong. There is a strong bullish bias on the market, and this could continue for most part of this year.
In the last few months of 2016, price decline (especially in the month of December). Following that decline is a rally that has held out from then till now.
In the chart, the ADX period 14 is not that far from the level 30, meaning that there is still some momentum in the market. The DM+ is above the DM-, showing that buyers have upper hands. The MACD default parameters, have both its signal lines and histogram above the zero line.
There is a strong Bullish Confirmation Pattern in the Paysface group market and the outlook for this year is bullish. Price should continue to rally, reaching the distribution territories at 500.0, 550.0 and 600.0 before the end of this year.
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