This is now a third retest of this ceiling and therefore it is a strong resistance area as market participants failing since last6 month
trading action to push the price up and close past the price handle
level 366.0.
Our prediction is that even though currently there is a short selling opportunity but maybe not for long as it may struggle to go down
past price handle level 361.0. So it may portend some bit of
accumulation and distribution phase before another breakout direction
plays out trading participants are shelv4ed in this levels.
Jasper Njuguna is a self-taught discretionary financial markets trader. With cumulative 5 years’ experience trading the markets and out
of which, one and a half years of that as a prop trader, trading large
and mid-cap American equities at one of the DAY TRADE THE WORLD offices.
Prior to switching career interest to trading, I have 9 years of experience in senior management roles driving small to large business
development and B2B relations in creating and implementing; learning
& development solutions, programs, organizational strategies &
frameworks, and blended learning approaches for companies and
institutions in Africa.
