Challenger Acquisitions: It’s time to open long positions

It’s now the time to open long positions on Challenger Acquisitions stock (LSE:CHAL). The indicators on the daily chart point to a bullish signal.

In the last several months, the market was trending downwards (until recently). Right now, price has crossed the EMA 21 to the upside, as the Williams’ % Range period 20 goes into the overbought territory. That is a bullish signal.

Challenger Acquisitions has had a “buy” signal on it and price is expected to go upwards, reaching the resistance levels at 4.00, 6.00 and 8.00 within the next several months.

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