President Energy Stock Remains Volatile as Bulls Fight for Control

PUBLISHED: 28 Oct 2014 @ 13:29 | Comments (0) | More info about Azeez Mustapha

President energy stock (LSE:PPC) was a volatile market which was trending downwards about a few months ago. But recently, things have gone bullish, plus the pullback that is currently happening in the market is a good opportunity to go long. When people are concerned about what is happening now, they would like to see recent data instead of very old data.

The price has already gone above the EMA 21 and the Williams’ % Range period 20 is moving into the overbought territory. By the time the Williams’ % Range is in the overbought territory, bearish influence would have been shaken off as subsequent pullbacks proffer new long chances.

There is a good chance than the price may eventually reach the resistance levels at 40 and 45 in a foreseeable future, but that statement does not come with guarantees. There is no way we can always be correct with our predictions, and as a result of this, we need to put up with the negativity that comes our way now and then.

This forecast is ended by the quote below:

“Complicated systems breed confusion; simplicity breeds elegance.” – Justice Jack Sparrow Litle

Learn from the Generals of the Markets: Market Generals

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

Follow @ItuGlobal

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.