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Pinnacle Technology stock (LSE:PINN) is a promising stock that has a very bright future, and this is just the beginning. Everything you want is on the other side of fear, according to James Altucher; and this is a market in which the bulls need to cast away their fears, summon courage and go long.
Following some significant bullish attempt in February 2015, the price largely consolidated till July 2015, when it broke upwards significantly. The ADX period 14 is above the level 70 showing a high level of volatility in the market. The DM+ is far above the DM-, meaning that the bulls are currently thriving. The MACD (default parameters) has both its histogram and signal lines above the zero line. This is a strong Bullish Confirmation Pattern in the chart. The price is yet to reach its pinnacle indeed!
On Pinnacle Technology, there would be some occasional pullbacks on the way north, but speculators need not panic. Panic and fear can paralyze the ability to think and act wisely. After all, feelings of discouragement or doubt are part of other areas of life too. Eventually, any bearish corrections or consolidations that could be experienced in this market will eventually give way to the dominant bullish bias.
This forecast is ended by the quote below:
“When my account increases by 50 per cent, I withdraw the excess in order to return it to the original level. This keeps my trade size fairly consistent, ensures I always risk a small proportion of my overall trading capital and that I also get paid from the markets too.” – Simon Clarke
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