Looking at the trend analysis of the Nigerian Stock Exchange All Share Index for the first six trading months, it can be deduced that there were juggling between the pessimists and optimists. Evidently from a technical analysis perspective we saw a 3 month downtrend and 3 months uptrend but with the optimists slightly having the hedge at the end…. Read detailed analysis at www.trendonomicsng.com/nse-asi-half-year-trend-analysis/

Nigeria Stock Exchange All share Index Half Year Trend Analysis

Looking at the trend analysis of the Nigerian Stock Exchange All Share Index for the first six trading months, it can be deduced that there were juggling between the pessimists and optimists. Evidently from a technical analysis perspective we saw a 3 month downtrend and 3 months uptrend but with the optimists slightly having the hedge at the end…. Read detailed analysis at www.trendonomicsng.com/nse-asi-half-year-trend-analysis/

As we approach the end of the first half year, the Nigerian Stock market All Share Index showed a bullish run in the week as it marginally breached above key psychological level 42,000 basis points, technical analysis forecast shows that the bullish impulse wave has resumed
http://trendonomicsng.com/nigerian-stock-market-all-share-index/


Nigerian Breweries Plc market share price saw a corrective move to avail more buying opportunities for investors who missed the initial bullish run. The technical analysis forecast shows more potential gains for the equity
http://trendonomicsng.com/nigerian-breweries-plc-share-price-forecast/

Feel free to read more at www.trendonomicsng.com

As we approach the end of the first half year, the Nigerian Stock market All Share Index showed a bullish run in the week as it marginally breached above key psychological level 42,000 basis points, technical analysis forecast shows that the bullish impulse wave has resumed
http://trendonomicsng.com/nigerian-stock-market-all-share-index/

Resistance and Support levels are one of the key pillars for consideration in building a trading strategy , this is so because they tends to aid in understanding the behavioral pattern of market participants and their reaction to particular price levels
http://trendonomicsng.com/resistance-and-support-levels-part-ii/

Nigerian Breweries Plc market share price saw a corrective move to avail more buying opportunities for investors who missed the initial bullish run. The technical analysis forecast shows more potential gains for the equity
http://trendonomicsng.com/nigerian-breweries-plc-share-price-forecast/

Happy Trading week

My take on Oando Plc

Oando Plc
Short term: Profit taking zone since price reached but fails to breach resistance N28.90K,
RSI 14 period at overbought level of 82. A reversal candle pattern formed at the resistance,
therefore a correction is expected between N21.45-N23.98K.

Long term: Bullish still in view

Sorry guys for the previous mistake on the link. Kindly try out this one

https://docs.google.com/file/d/0B78eC5S_Sd9sckVJVUVvX25aUGM/edit?pli=1

thanks

www.//nmxbgnl for more technical analysis for some Nigerian stocks

Access Bank Plc
After testing a valid demand trendline three times, Access Bank share price rebounds though trading in a symmetric triangle while the SMA100 and EMA20 is contrasting.
Aggressive investor bid for the company’s stocks while a conservative investor awaits a breakout above the resistance triangle in the weekly chart below which would also be a confluence of a breakout above the two moving averages. Volume is needed to support our claim.
Buy at N9.80K projecting N12 first resistance level while risk is limited at N8.50K

The broad market NSEASI ended the year 2013 with 47.19% appreciation to end the index at 41,329.19bp, find in this link http:///nmxbgnl a detailed Technical Analysis Review of the NSEASI and some selected Equities traded on the NSE.


In the coming week some stocks were selected and make recommended for investing and trading base on technical analysis approach.

Find attached Weekly Equity Analysis for 6th January, 2014.

Wish you a profitable week ahead

Thank you

The broad market NSEASI ended the year 2013 with 47.19% appreciation to end the index at 41,329.19bp, find in this link www./nmxbgnl a detailed Technical Analysis Review of the NSEASI and some selected Equities traded on the NSE.


In the coming week some stocks were selected and make recommended for investing and trading base on technical analysis approach.

Find attached Weekly Equity Analysis for 6th January, 2014.

Wish you a profitable week ahead

Thank you