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Phorm Corporation shares (LSE:PHRM) are not supposed to be held if you are a buyer, because the outlook on the market is gloomy. This is a market is which sellers make money, not buyers.
In the chart, the price has shown a long-term downtrend. The price has trended seriously downwards this year and this is what is supposed to continue. The price has not gone clearly above the EMA 21 and the Williams’ % Range period 20 is not in the overbought region. This is the type of market in which new sellers make more money when they sell new rallies (which are traps to stiff-necked buyers). The only thing that can stop this expectation is an event that makes the price go above the distribution territory at 8.00.
There is something called excessive training – training beyond the abnormal. You have to look for challenging markets like Phorm Corporation again and again, to the extent of being overstressed. This is what would keep you motivated and encourages huge profits and extraordinary returns on your portfolios. This is what you need to handle hopeless shares like the one being discussed here, and even make money from the downside. As James Altucher puts it, sometimes a loss is the best thing that can happen. It teaches you what you should have done next time.
This forecast is ended by the quote below:
“Many traders are smart enough to know that they will win in the long run by taking only the best trades, but they become impatient due to the lack of anything happening right away. They forget that the long run can be “long.” – Andy Jordan
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