When the "Movers" & "Shakers" of NSE says we are Ready...

NSENG:NSE30   NSE 30 Index
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.

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