NGX Trend Charts That Beats ‘Buy’, ‘Hold’ Investing

Price action trading alone is not very helpful. What is more helpful is the understanding of volume and the flow of that market or trade. Here, momentum behind the market or stock is very important at any market cycle and pattern, just looking at price or candlestick alone as a lot people do today is not enough for buy or sell decision. Identifying the general market direction and picking the market or sector leaders on fundamental, technical and sentiment perspective to spot the primary trend of the market or stock which will help you build your watchlist and identify the stronger stocks to follow on the strength of momentum behind the trend. The flow of supply and demand are powerful when the market is doing its own. The strength of money flow is real key to trading stocks. So, watch the charts or price actions below.

NGXASI (Opening Chart)

MTNN

DANGOTE CEMENT

BUA FOODS

BUA CEMENT

NESTLE

AIRTEL

SEPLAT

TOTAL

GEREGU POWER

CONOIL

GTCO

ZENITH BANK

STANBIC IBTC

FCMB

FIDELITY BANK

UCAP