Physiomics stock (LSE:PYC) broke upwards significantly from its long-term range which had been holding out for many months. Whether this is seen as an irrational spike or a phenomenon that would be sustained, the astute buyers intuit it as a great trading opportunity while some bears wade in their pabulum, as far as the price is concerned.
The EMAs 10, 20, 50 and 200 are used here (the color that stands for each EMA is shown at the top left part of the chart). The EMAs are now in agreement with a bullish bias. Before it broke upwards significantly, the price has a huge support at 0.1. Having broken northward, the price would not go back towards the aforementioned support. The ultimate target is at 1.0.
Conclusion: Physiomics is a buy candidate, and those who go long on it can smile very soon. Yes, the astute speculator is rewarded by the price. When you consider other speculators and acknowledge the need to trade what you see, you would then be able to reap some gains from your effort and get praised for your acumen. Then you would have a satisfactory trading career.
Eye-opening trading lessons: Lessons from Expert Traders
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