|
|
TRW MARKET SNAP SHOT FOR 18TH
MARCH 2010 BEARISH DAY AS NSE STARTS CORRECTION..WOW!!! Its been a jolly good ride for straight 8 trading days for the market, as NSE ASI was down by 242.24 points closing 24,262.34 with total value of stocks worth N4.38bn. The trading was dominated by profit taking for most part of the day I clearly stated yesterday that todays rally was most likely going to be PROFIT TAKING. As indices shows the index gained a total of 1,457.72 points in 8 trading days. We expect to see more PANIC profit taking tomorrow and also see Medium/Long-term traders taking position for another rally. Technically, The NSE ASI will correction within 61.8% Fibonacci
level of 24,000
points .
Be the first to get our market info? Subscribe..
|
| This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. TRW accepts no liability whatsoever for any loss arising from any use of this expert or its contents. |
|
INVEST
FOR A GOLDEN TOMORROW
Corporate Office:
62/64 Campbell Street (Kajola House) 4th & 5th Floor Lagos Island
Lagos . |
