Falkland Oil & Gas May Still Go Up

PUBLISHED: Apr 29 2015 @ 08:55 | Comments (0) | More info about Azeez Mustapha

Falkland Oil & Gas shares (LSE:FOGL) have some signs of stamina in them, in spite of extremely turbulent market phases they experience. The price would skyrocket and then plummet. This is a challenging market for novices – but what is called challenges in trading are really opportunities for super traders.

However, the price might still go up, based on what the 4 EMAs in the chart are showing. The EMAs are 10, 20, 50, and 100. The color that stands for each EMA is shown at the top left part of the chart. Unless the price crosses the EMA 200 to the downside, closing below it, it could still be hoped that the bullish effort in the market has not been invalidated totally.

The condition in the preceding paragraph is what is needed for a bull market on Falkland Oil & Gas; otherwise, we might be in for a long-term bearish ride. There is no trading approach that can make you triumphant unless you control your risk with it and condition your emotions. Just make sure that your losses are adroitly dealt with, for there is no need to sap your energy over numerous negative positions.

This forecast is ended by the quote below:

“When a chart is in confusion giving us mixed signals, we have learned to step aside. We are interested only in clear-cut trades.” – Joe Ross

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