The Bears Are Determined to Drag Tri-Star Resources Towards 0.1

The bears are bent on pushing the shares price on Tri-Star Resources (LSE:TSTR) further southwards. Sometimes the simplest truths are the best. A tree that is too young to support our weight when we lean upon it cannot kill us if it falls upon us. In this market, the bulls have proven to be undependable, and therefore, they should be shunned.

The ADX period 14 is above 40 (showing a strong trend), while the DM- is far above the DM+. This means it is more dependable to follow the bears here. The MACD (default parameters) has its signal lines and histogram below the zero line. This means a Bearish Confirmation Pattern on the chart.

Conclusion: The best thing is to keep on selling on Tri-Star Resources until the price reaches 0.1. This means victory for patient sellers; and patience also for permabulls, who may be willing to sell only when a Bullish Confirmation Pattern occurs in the market. Waiting is hard. So impatient is a common trait in trading.

This forecast is ended with the quote below:

“As a trend-follower you typically have more losing trades than winning ones, but as long as you are disciplined in executing the time honoured strategy of cutting losers and running winners, your average win will outweigh your average loss and make you profitable overall. So I now look at losing trades as being part of a winning system.” – Jon Boorman (Source: www.tradersonline-mag.com)

Eye-opening trading lessons: Lessons from Expert Traders

 

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