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NGXINS
THIS IS NOT LOOKING GOOD FOR THE NGX INSURANCE INDEX AS WE BROKE BELOW THE KEY DEMAND ZONE AND DIAGONAL TRENDLINE. THIS EXPLAINED WHY MOST COMPANIES IN THE NGXINSURANCE HAVE BEEN COLLECTING SERIOUS "KOLASE".
EITHER WE RECLAIM THE DEMAND ZONE OF 1,242.5-1,288.7 POINTS, OR WE REVISIT THE 1,129.5 POINTS, WHICH WILL BE THE KEY LEVELS I WILL BE WATCHING.
FOR NOW, WE WILL KEEP SEEING THE SWINGS IN THE INDIVIDUAL INSURANCE COMPANIES TILL THE INDEX SAYS IT IS ABOUT TO MOVE.
#NFA