A Possible 35% Increase by AfriprudHi, My Name is Victor.
This is the first time I decided to go public with my strategies. My strategies are not 100% efficient but they are sure to give you some returns for your investment.
This strategy is based on volume and price and movement. The major indicators used to arrive at this idea are purely technical though am aware that Africa Prudential PLC. (Afriprud) has a strong fundamental.
The key indicators used are CCi, RSI and MA 50, 100, 150.
The volume shows that at 6naira per share, Afriprud has a high volume of demand and this might also serve as our resistance level. for a while Afriprud has been on an uptrend and is currently taking a pull back inorder to continue this trend. Our CCI indicates that price has gone over bought and might likely reverse. The RSI indicates a weak trend hence a reversal is bound to occur.
Entry - 6naira
exit - 8.14
stop loss - 5.5
Gain - 35%
Risk/reward ratio; 4.24
