Graphene NanoChem is a highly trending market - smiling broadly on buyers

Graphene NanoChem stock (LSE:GRPH) has been a highly trending market; a favorable condition for traders and investors. You need trend before you harness gains in the market, and this is what exactly Graphene NanoChem offers.

If the chart is moved backwards by several months, it would be seen that this market trended downwards earlier this year. Then, it was a nice and a predictable move. Right now, the price shot upwards out of the range that was formed in this month (note the upper and the lower Trendlines). This breakout has been so hot and serious. The RSI period 14 itself is already above 80, the overbought area. This is not an understatement. What does this mean? It means that there could be some pullback any moment from now, but it would be fleeting, for the price would skyrocket again. The ultimate target is at the supply level of 140.00.

Conclusion: This market is trending in a significant mode and it is a boon to buyers. Although this is technical analysis, some fundamental issues would have contributed to this. Besides, no-one would claim there is some insider knowledge. A religionist claims he has not swallowed any saliva during his recent fasting; is there any witness to the event in the gullet?

This forecast is ended with the quote below:

“The fact that 90 per cent of all traders lose money in the markets shows that mental training is missing in trading.” – Thilo C. Herr

Eye-opening trading lessons: Lessons from Expert Traders

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