The technical highlights and chart patterns of this week’s market action

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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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