TradingView
PAZINI19
Feb 28, 2023 10:29 AM

UBA: Analysis: Two situations 

UNITED BANK FOR AFRICA PLC - NIGERIANSE

Description

We are in a one-day bullish channel situation here. When you look on the chart, we are above our vwap indicator which has taken a green color. This means that the buyers are above the sellers. We could have a nice uptrend if and only if the resistance line is forcefully broken by a large green candle and accompanied by large green volume. Furthermore, it should be noted that the market is unpredictable. So let's be careful and vigilant. Indeed, the market can also go down, however, if the vwap indicator as well as the support line are forcefully broken by a large red candle and accompanied by a large red volume. Thanks!
Comments
oluwalademi
how can I buy a Nigeria stock
PAZINI19
@oluwalademi, Hi bro. How are you doing? Good I hope. You can buy Nigerian stocks on this platform. But before, you must do a very good analysis on the action on which you want to buy. Very important.Thanks.
PAZINI19
@oluwalademi, For example, if the action is down, you have to analyze to see if all the conditions are met for this action to go up. This means that you have to put the analysis techniques into practice.Thanks.
oluwalademi
what broker, thank you?
PAZINI19
@oluwalademi, Capital.com for example.Thanks.
More