The technical highlights and chart patterns of this week’s market action
The technical highlights and chart patterns of this week’s market action are the following:
The risk level remained high despite the expected quarterly earnings and undervalued state of the market
Market Phases on key NSE Indexes are all bullish with ADX running positive and strong.
High Caps and Growth stocks are taking center stage
Volume patterns improved across the board
Banking, Telecoms, and Agribusiness are surging
Market Internals are running rich
Investdata sentiment report revealed mixed, while RSI and MFI broke out to show potential overbought situation.
Chart Patterns to watch in the new week
NSEASI Chart
May & Baker
Eterna
11 PLC
Sterling Bank
BUA Cement
Wapco
https://investdata.com.ng/the-technical-highlights-and-chart-patterns-of-this-weeks-market-action/
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