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Again, the stock market shows who is the king of forecast

Op-Ed Contributor by Op-Ed Contributor
May 21, 2018
in Markets
Nigerian Stock Exchange gets approval for new trading rules
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Again & again, every time one thinks he/she can constantly forecast the future market direction – the market always shows us (analysts) who is the KING OF FORECAST.

Below is the week’s diagram of the NGSEASI Trader’s Navigator Trendline (STF_NGSE_TNTL) indicator which is leading us to expect to a further fall in the NGSEASI (index) as there exists a ”SELL” signal.

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Now, below is the week’s diagram of the NGSEASI (Index) which may be forming a flat pattern as far as the support level @ 39,817 pts is maintained.

It is clear that the market is still searching for a clear direction as it continues it’s sideways zig-zag movement. Eventhough, there may exist a short-term bearish trend, our intermediate-term investment strategy remains bullish unless 39,817 pts level is broken.

THE MARKET REMAINS KING, LONG REIGN THE KING…


This is introducing our exclusive partnership with TRW Stockbrokers. They will be providing our readers with exclusive content on the stock market with focus on technical analysis. If you love stock picking with insights from technical charts, then this is for you.

Tags: ChartsNSENSMOn the Money
Op-Ed Contributor

Op-Ed Contributor

Nairametrics frequently publishes articles from experts such as financial analysts, economists, researchers and investors. We also feature articles from guest writers and bloggers who wish to push their views and opinions through our platform. To get your articles on Nairametrics, kindly send an email to info@nairametrics.com and we will publish it within 24 hours of approval by our editorial team.

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Comments 1

  1. Dee McDon says:
    May 21, 2018 at 11:04 am

    This new partnership is awesome. Congratulations

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