Churchill Mining Rewards Buyers Generously

PUBLISHED: 04 Jun 2015 @ 23:54 | Comments (0) | More info about Azeez Mustapha

Churchill Mining stock (LSE:CHL) has shot skywards significantly. Within the last several months, the price simply moved sideways, creating a strong base which might even prevent serious bearish plunges.

This is a type of market that benefits buyers. The bullish journey started in May 2015, and it ran till the end of that month. In this month, there has been an accelerated movement to the upside; as if a bullet was shot in the sky. While there can be occasional southward corrections, the price action currently points to further bullish movement.

The price is above the EMA 21 and the Williams’ % Range period 20 is not far from the overbought territory. Sellers, beware!

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