President Energy stock (LSE:PPC) is really at a critical point. This is a point in which the stock does not go either upwards or downwards, consolidating since the beginning of 2015. A breakout to the upside or the downside is expected soon on this market.
While some wait for a breakout to the upside, a breakout to the downside is also a possibility, for the RSI period 14 is below the level 50. When the price breaks out above the upper Trendline and the RSI period 14 is above the level 50, the price would be expected to go more upwards. When the price breaks out below the Trendline and the RSI period 14 is below the level 50, the price would be expected to go further south.
Whatever happens on the upside or the downside, there would be a movement of at least 1000 points on either side.
This forecast is ended by the quote below:
“Trading should be a repeatable process/system designed to make money, not to be “right.” – Markham Gross
What Super Traders Don’t Want You To Know: Super Traders
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