Mosman Oil and Gas to Go Up Again

PUBLISHED: 30 Sep 2015 @ 07:17 | Comments (0) | More info about Azeez Mustapha

Mosman Oil and Gas shares (LSE:MSMN) are an excellent “buy” as a result of the present conditions in the market. The price moved south slowly and gradually in early part of this year and consolidated within the months of July and August 2015.

The price broke upwards in September, moving seriously upwards. The price went above the resistance level at 8.00 briefly and then got corrected below it. The price is generally above the 2 Trendlines, and the RSI period 14 is at the level 50, which indicates some strength in the market.

Right now, Mosman Oil and Gas is making bullish attempts, which have a great chance of succeeding. The price could reach the resistance level at 10.00 before the end of this year. This is a noisy (trending) market, which is an ideal one in which to trade.

I prefer a noisy market to a quiet one. If a market has moved very well recently, it might continue doing so in future. And for me to harness gains, I need movement, which is mandatory. Though I am talking about future developments, since there is no certainty that a market that has moved very well in the past would continue doing so within the next several days or weeks, but the possibility of doing this is higher in a noisy market than a quiet one.

This forecast is ended by the quote below:

“A trade is just a trade and a single trade will neither make nor break me…. But in general, day to day, I never give losses or profi ts too much thought.” – Nick Radge

What Super Traders Don’t Want You To Know: Super Traders

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.