STANBIC IBTC DISTRIBUTION AT THE PEAK.There are signs of distribution by the institutional trader at the top.
Nigeriastockmarket
SELLING CLIMAX ON NSEINDUSTRIAL ON MONTHLY CHART ?.
DATE :14:05:2019.
April candle closing with extended range candle with high volume indicate following :
1. Sign of end to the downward trend
2. Big volume also support selling climax
2. Institutional buyer may start coming to the market
ACTION PLAN :
1. Time to start paying attention to smaller time frame weekly and daily.
2. Stock to watch within the index : WAPCO, Dangote Cement, CCNN and CAP.
INSIDE DAY BAR ON MONTHLY CHART ON ALL NIGERIA SHARE INDEX NSE30The inside day bar momentum is negative.
Price is likely to test 1100 which is the nearest support.
MONTHLY ANALYSE OF NSE 30 The market is in the bear market .
NSENG:NSE30
Price is below the EMA 20 .
Price level to watch is 1100.
