FTSE stock (FTSE:MCX) is a bull market. After a deep dip that occurred in October 2014, the market has traded upwards significantly till date, with more room for further bullish trend.
In the chart, 4 EMAs are used 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. All the EMAs are sloping upwards, confirming the strength in the market, which would never be seen as being abated unless the price crosses the EMA 200 to the downside.
There could be pullbacks into the EMA 20 and EMA 50, which would signal great opportunities to go long in the context of an uptrend. This is the best trading approach in this market, as shown by historical data. The outlook for this year is bullish.
This forecast is ended by the quote below:
“Anyone who is familiar with risks and has really understood trading knows how to limit losses – but letting profits really run is a fine art.” – Jens Rabe
Learn from the Generals of the Markets: Market Generals
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