Pantheon Resources may go bearish again

 Pantheon Resources shares (LSE:PANR) are quite choppy and they may go bearish again, as the analysis below reveals.

The market is currently going through the EMA 21 (moving below it). It may eventually close below the EMA 21. The Williams’ % Range period 20 is sloping downwards and it may soon go into the oversold territory.

What is then expected? When price closes below the EMA 21, and the Williams’ % Range period 20 goes into the oversold territory, then the bias on the market would turn completely bearish.

Yes, Pantheon Resources may go bearish again.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Traders’ Mindset: Traders' Mindset

  

Source: http://uk.advfn.com/newspaper/authors/azeez-mustapha

Buy and sell Perfect Money/Payeer/Epay; get funded quickly: www.ituglobalfx.com.ng

Start your journey to permanent success: http://www.tallinex.com/open-account?i=128521