Mobile Streams is an ugly market

PUBLISHED: 27 Jul 2017 @ 00:40 | Comments (0) | More info about Azeez Mustapha

Mobile Streams shares (LSE:MOS) are not currently attractive. In fact, the market has been caught in a protracted base, and a major breakout is imminent.

The more protracted the base is, the more the chances of a major breakout when it does occur. This does not necessarily mean it would favor the bear. Price can go either way.

4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 100. The color that stands for each EMA is shown at the top left part of the chart. The 4 EMAs are now trying to slope upwards as price stays above the EMA 200 and 50. Very soon, buying pressure may increase and that may push price above the EMAs 10 and 20; thereby generating a bullish signal.

The outlook on Mobile Streams is bullish and an ugly market may soon become a pretty market.

Traders’ Mindset: Traders’ Mindset

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.