Castleton – A Trap For Reckless Buyers
By
Azeez Mustapha
PUBLISHED:
14 Oct 2015 @ 05:44
|
Comments (0)
|
More info about Azeez Mustapha
Castleton stock (LSE:CTP) has been acting as a trap for reckless buyers. This is not a market in which you should go long because it is quite choppy as well as consolidating to the downside.
The price has gone below the lower Trendline and at the same time, the RSI period 14 has gone below the level 50. This shows a hidden weakness in the market, which would likely continue. When the price was between the upper and lower Trendlines, it simply zigzagged.
It would be nice to make our career easy for as long as attainable. We do not need to be swayed by irrelevant noises, as long as we stick to our trading plans. We simply need to do that repetitiously.
Casleton is currently not a market in which buyers can make money.
This forecast is ended by the quote below:
“There will always be the next drawdown – that is what you have to live with as a trader.” – Oliver Klemm
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).
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.
Hot Features
Premium
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
