Past 4 trading days of the Nigerian Stock Exchange have been visited with ferocious bulls also with decent volume
. Looking at the chart of the top 30 companies of the exchange, one cannot but think the bottom is likely around the corner. What I intend to see to call a "bottom" for the market is for price to re-test the low and possibly to be rejected before making another rally to create a higher-high. Alternatively, if the low of the market is violated (lower-low) and if this is accompanied with a low volume
, then a turtle soup is being created to cause panic for traders/investor. What we will then see is a rally to the upside.
PLAN YOUR TRADES AND TRADE YOUR PLANS