Roxi Petroleum shares (LSE:RXP) are very strong right now, having broken upwards and having resumed a bullish journey since last month. This bullish bias has also continued this month… and this is just the beginning.
![](http://www.advfn.com/p.php?pid=chartscreenshot&u=urEQ8cG95SIviOlhyV+o+sGlxGCF+LDi2CI5aTcQfNI=)
In the chart, the ADX period 14 is above the level 50, going towards the level 60. This signifies a very strong movement in the market. The ADX DM+ is above the DM-, meaning that the bulls are currently victorious. This is a buy signal. The MACD (default parameters) has both its histogram and signal lines above the zero line; another buy signal confirmation. This is a Bullish Confirmation Pattern in the chart.
The price may go upwards within the next several months, reaching the supply levels at 19.00 and 20.00. By riding the trend, our portfolios enjoy gradual percentage increase. Be aware that success in trading comes gradually, being a marathon, not a sprint.
This forecast is ended by the quote below:
“One of my strengths is to be able to delay rewards. This is very positive for trading.” – Julian Komar
Learn from the Generals of the Markets: Market Generals
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.