When the "Movers" & "Shakers" of NSE says we are Ready...

Aug 22, 2019

Past 4 trading days of the Nigerian Stock Exchange have been visited with ferocious bulls also with decent volume. Looking at the chart of the top 30 companies of the exchange, one cannot but think the bottom is likely around the corner. What I intend to see to call a "bottom" for the market is for price to re-test the low and possibly to be rejected before making another rally to create a higher-high. Alternatively, if the low of the market is violated (lower-low) and if this is accompanied with a low volume, then a turtle soup is being created to cause panic for traders/investor. What we will then see is a rally to the upside.


PLAN YOUR TRADES AND TRADE YOUR PLANS