ITV PLC price prediction: The current bullishness to continue

PUBLISHED: Sep 29 2019 @ 23:45 | Comments (0) | More info about Azeez Mustapha

ITV PLC stock (LSE:ITV) are currently bullish, following the recent rally, which ended the previous bearish movement that happened in August 2019.

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 corner of the chart.

It can be seen that the EMAs 10, 20 and 50 are already sloping upwards, supporting the current bullish movement. However, the EMA 200 is yet to be breached to the upside… And that is exactly what is expected.

Once this is breached – a Golden Cross – is made, there would be an unopposed bullish bias on the market. Right now, it still makes sense to go long on ITV, for the current rally will hold on.

Trading realities: Trading realities

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.