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VISITING THE LOWS AGAIN?Another bashing by the bears down by 256.55 points closing the market at 25,939.19. Yet another draw day today in this drawn out, epic battle between the bulls and the bears. Today, the Bears seemed to have a upper hand. Before the close of market, I saw Buyers positions on pricing were adamant & Sellers gave in at a lower rate. Though Volume/Value traded was High (N3.719BN) today (ACCUMULATION STAGE). My view on Current Market Scenario is: NSE ASI might just be knocking on the door of the APRIL/MAY lows of (25.500 level) once again. Good thing is stocks are approaching their Bottoms again, Will these bottoms HOLD?........... MARKET INFO: CLICK Trade within TRW Support/Resistant Levels.
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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. |
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