|
|
BULLS TAKE A BREATHER TODAYThe BULLS took a breather today ending 9 days upward rally with 0.24% drop of 61.18 points at 25,844.18. The NSE ASI failed to breakout above a 65 Day Moving Average, as volume was relatively Low (N3.1bn) compared to yesterdays (N6bn). Apart from that, most of the action today are actually technical driven as some investors took profit off the table on a resistant level. From now we expect to see some Buying pressure on LOW prices for the BULLS to gather another momentum. With Current RSI at 64.11 we expect a rebound above RSI 50 indicating the return of the BULLS. Its time to GO LONG, Buy into weakness and Sell in Strength. For now NSE ASI remains in a Short-Term Bullish trend and intermediate Neutral Trend. HAVE A NICE WEEKEND.
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 . |
