Nov 6, 2014/Proshare
#TheAnalyst achieved in the month of October 2014, a 74% accuracy rating on technical calls made, in the face of increased volatility and unrelenting sell down in the market.
This is a good development for the field of technical analysis in Nigeria coming against the background of higher accuracy in STOCK PICK calls in the previous three months.
Recall that the Nigerian Equities Market in recent times has been highly volatile as all indicators show that a bear market is underway.
Despite, the difficulty that most times arise in predicting trends in a bearish market,www.theanalystng.com TECHNICAL ANALYST’s recorded a 74% accuracy in its technical calls, as twenty (20) calls were on point out of twenty-seven (27) calls made in the month.
Notwithstanding the need to be cautious, the believability achieved is an assurance of the reliability of these calls; although investors need to always follow the stop-loss and time frame stated therein and make sure they monitor day-on-day activities using the appropriate/right investment tools made available on theAnalyst platform


