Amur Minerals – Erratic and random bearishness continues

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Amur Minerals stock (LSE:AMUR) is an erratic and random market. That is the movement that best describes the market in recent times. The major outlook on the stock is bearish.

4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part of the chart.

The EMAs are sloping downwards, and the price is below the EMAs 200 and 50; and it is sometimes pushed against the EMAs 10 and 20. As long as the EMA 50 is not reached to the upside there would not be a threat against the ongoing bearish bias.

Once the EMA 200 is breached to the upside, a valid bullish signal would already be in place. But right now, the bias is bearish and further southwards journey may resume once the current consolidation is over.

Trading realities: Trading realities

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