Is it time to Japa from Nigerian Stocks?

Feb 05, 2024 4:09 pm

I discovered something today!


The Nigerian stock market index just formed a double top between January 29th and Feb 5th...this might mean that the market is about to drop like a rock very soon (February might be largely BEARISH).


In January, the index posted an impressive rally of up to 35%, the biggest jump in a single month, should we get excited or worried?


Well, I think you should be worried because such a rally may not be sustainable in months to come which means that MARKET PULL BACK is very close.


If you are a trader, I think you should lock in some profits, and protect your capital by selling some of your biggest winners, especially stocks that are already at the top of the roof.


But guess what? I have selected 2 magnificent stocks that will deliver positive return this return even if the market goes down.



I wish you a profitable trading week.

Comments