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Look for a small buy to the topHello, Nestlé Nigeria Plc engages in the manufacture, marketing, and distribution of food and beverage products. It operates through the Food and Beverages segments. The Food segment produces and sells food products under the Maggi, Cerelac, Nutrend, Nan, Lactogen, and Golden Morn brands. The Beverages segment offers products under the Milo, Chocomilo, Nido, Nescafe, and Nestlé Pure Life brands. FY Revenue 446.82 Billion Naira, UP 27% FY profit 48.97 Billion Naira, UP 22% Final dividend proposed N36.50K More info about the company can e found on their website www.nestle-cwa.com Good luck.
NSENG:NESTLELong
by thesharkke
Trading channelsHello, Channels are great setups to catch reversals. When price trends upward or downward and fits between two parallel trendlines, the chart pattern is called a channel. Channel trading is a popular strategy in financial markets that involves identifying and trading within a channel formation on a price chart. A channel is formed when a financial instrument's price movement oscillates between two parallel trendlines, one acting as a resistance level and the other as a support level. Traders can use channel trading to identify potential buying and selling opportunities. The strategy involves buying when the price reaches the lower trendline (support) and selling when the price reaches the upper trendline (resistance). Traders can also use other technical indicators, such as momentum indicators and moving averages, to confirm their trades. When trading channels, it is important to consider the strength of the channel and the overall trend of the market. A strong channel is one that has been tested multiple times and has a consistent slope. If the channel is weak, it may be more susceptible to breakouts and false signals. Channel trading can be used in a variety of financial markets, including stocks, currencies, and commodities. However, as with any trading strategy, there are risks involved, and traders should carefully consider their risk tolerance and develop a solid trading plan before using this approach in the markets. Good luck
NSENG:WAPCOEducation
by thesharkke
UBA: Analysis: Two situationsWe are in a one-day bullish channel situation here. When you look on the chart, we are above our vwap indicator which has taken a green color. This means that the buyers are above the sellers. We could have a nice uptrend if and only if the resistance line is forcefully broken by a large green candle and accompanied by large green volume. Furthermore, it should be noted that the market is unpredictable. So let's be careful and vigilant. Indeed, the market can also go down, however, if the vwap indicator as well as the support line are forcefully broken by a large red candle and accompanied by a large red volume. Thanks!
NSENG:UBA
by PAZINI19
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