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Ultrasis stock (LSE:ULT) gapped downwards seriously in October 2014 and the considerable loss was sustained for the following few months. This month, price rose significantly, almost recovering the recent loss in the market. This may be the beginning of a long-term bullish run. What you see as a great directional movement began as a rally in a bear market or as a pullback in a bull market or a breakout in an equilibrium market.
Price is above the EMA 21 and the Williams’ % Range period 20 is now around the overbought territory. This means that the market is currently strong, and irrespective of occasional pullbacks along the way. Occasional pullbacks may trap some bears into thinking that a bearish movement may begin. This emphasizes the reality of noticing people’s weakness when studying the markets. Price may reach the resistance levels at 0.8 and 1.0 respectively.
This forecast is ended by the quote below:
“The power of software and hardware leads us to forget that trading is above all focused on man and on his needs. Often choices are made by simply following good sense and not complicated algos on quant trading. You must be comfortable with what you do on the markets otherwise painful trading will not lead anywhere.” – Professor Emilio Tomasini
Learn from the Generals of the Markets: Market Generals
