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BULLS HANGING ON
NSE ASI gained 1.01% closing 27,489.72 points with total deals of 10,387 valued at N7.219bn. The Market continue to move up barraged by good and bad news. Analysts are split into two camps once again... the WEAKNESS camp and the I SHALL NOT FALLcamp. Analysts of the WEAKNESS camp contend that todays trading triggered signs of FEAR amid uneven scorecards as market dropped from 1.20% gain to 0.68%before recovering back to 1.01%. While analysts of "I SHALL NOT FALL" camp contend that this is the start of another bull market. Such a split of camps usually signal that something significant is changing about the market. Discussing with a colleague, He said Market is likely to Pullback tomorrow as Friday's trading are usually weak. I brought out the table below that for the past 1 month Figures have shown Friday's trading have out performed Thursday THRICE. As we await tomorrows trading, (BULLS or BEARS), One important factor you need to know is that the Market will continue trending on a Higher Low range.
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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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INVEST
FOR A GOLDEN TOMORROW
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