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SIGNS OF PROFIT TAKINGNSE ASI continued its Bullish rally up by 200.50 points today on a large volume of N5.594bn closing at 25,278.23. Amazingly, all major indexes performed strongly today except NSE FBT, which showed some weakness in the afternoon Sell-Off loosing 0.14%, this might just be a signal that profit taking is beginning to appear and might affect other indexes from tomorrow. Technicals Even though NSE ASI was up only 200 points today, it still managed to make a new high for the month, which is extremely important in the continuation of the bull trend. Today's trading had a slight pullback around 25,300 points range before closing at 25,278.23. These levels coincides with the 17th of August resistant levels of 25,228points, leading to a double top formation that all traders fear and Certainly those who have made a good profit so far would want to take some profit off just to be sure within these regions. PLEASE CLICK TO DOWNLOAD
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a recommendation to buy or sell, but rather a guideline to
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