Technical Analysis: WHY I WOULD WANT TO BUY GOLD NOW
Technical Analysis Outlook for the Nigerian Stock Exchange
Last week’s bullish movement in the ASI index may be regarded as weak as volume did not correspond to the strong rally seen in the index. We can refer to this as the activities of speculators taking advantage of dividend driven stocks as such we expect a profit taking activities ....read more
Techncial: Sector Analysis on Major Sectorial Indices on the Nigerian Stock Exchange
Technical trends shows that most sectors traded on the floor of the Nigerian Stock Exchange is likely to experience a profit taking activities in the coming week ....read more
Dollar Surged and Yield Rebounded after a Dramatic Week of Negative News, More Upside ahead
NSEASI Weekly Technical Analysis Outlook
Stock Picks for the Week
First Naira Denominated Derivative Platform by Meristem
FX News/Outlook:
Having had a steep rally from $1200 per ounce to a year high
of $1295.25, the precious metal has thus seen a correction trend downwards to
1263 (resistance now turned support).
Trend analysis:
Using Fibonacci extension to project the profit taking level
for the uptrend 1122.62 low reached on 15/12/2016 and high of 1263.63 reached
on 27/02/2017 at 1287.10 which was reached and slightly breached to reaching an
high of 1295.28 per ounce. .. read more
Technical Analysis Outlook for the Nigerian Stock Exchange
Last week’s bullish movement in the ASI index may be regarded as weak as volume did not correspond to the strong rally seen in the index. We can refer to this as the activities of speculators taking advantage of dividend driven stocks as such we expect a profit taking activities ....read more
Dollar Index Trades
Within A Descending Triangle: Is It Time For A Downward Breakout
The Dollar has since being trading within a
descending triangle.
The uptrend in the index has thus failed to trade surpass
the 103.83 high reached on 03/01/2017 as a result we continue to see lower
highs at 102.25 and 101.34 while it finds support at 99.41..... read more
Techncial: Sector Analysis on Major Sectorial Indices on the Nigerian Stock Exchange
Technical trends shows that most sectors traded on the floor of the Nigerian Stock Exchange is likely to experience a profit taking activities in the coming week ....read more
Dollar Surged and Yield Rebounded after a Dramatic Week of Negative News, More Upside ahead
"The market is always right". That's by no means
saying that the market is efficient, that's a topic for the academics. But, the
market always move with certain underlying forces. We may or may not always
understand why stocks, yields, currencies commodities move that way. ...read more
Gold Continues to Find Resistance at $1263, Poise For More Downtrend
Gold during the Asian session on Friday 7th April, 2017 spiked to the upside
as a result of the airstrike by US on Syria. The spike saw the price of the
precious metal reached a session high of $1270.66 per ounce. Gold could not
continue in the upside momentum as it ended the trading day at $1253.98 to
close below key resistance level of $1263… NSEASI Weekly Technical Analysis Outlook
The NSEASI continues to trend lower at a weak price
momentum. The above daily reflects that the index continue to find support at
the lower Bollinger band. Also reference my previous week’s technical outlook
on the impending head and shoulder pattern.... read more
Stock Picks for the Week
Our technical analysis dashboard has pin pointed some stocks that has the potential of offering short term gains to investors in the Nigerian Capital Market. To view top 5 picks for the week ...... read more
First Naira Denominated Derivative Platform by Meristem
What a time at the official launch of
the first naira denominated derivative platform by Meristem Securities Limited
which held on Tuesday 6th October, 2015 at Sheraton hotel, ikeja,
Lagos. I was filled with high expectation..... read more
FX News/Outlook:
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