With the uncertain times of 2020, what strategy can you trust when it comes trading the stock market?
Note: This article was put together before the #EndSars protest.
The stock market goes up and down on any little news and things are more uncertain than ever. This is why you need to learn my tactics of picking the right stocks going forward.
On Sept 15th, 2020, I shared 2 unstoppable cheap penny stocks to buy which were FCMB and UCAP at the recommended market price of N2.03 and N3.01 respectively. It’s now 32 days and both stocks have appreciated by 15% and 20% to N2.35 and N3.63.
These are growth figures that beat our current inflation numbers of 13.22% and have outperformed Treasury Bill rates of 0.16% (pro rated on an annualized rate of 2%).
On the 26th, September 2020, I also shared banking stock that was on a clear path to appreciating to a multi-month of N30, a lot of people actually shared their objections and why the stock may fall as they thought the sentiments on NSE index was largely bearish. Well! the stock which is GTB did test the N30 and is trading above that psychological level.
The most recent stocks to buy are Zenith Bank and Dangote Cement. Both stocks exhibited a bullish potential that is not far from institutional activities; the banking stock is already up by more 19.3% from the market price of N18.05 while Dangote Cement currently selling for N150, up by 4.1%
If you missed these opportunities before the market rally, don’t worry! I am about to share my practical steps to spot stocks like this before they appreciate more.Continue reading “How to Pick the Right Stock for Trading.”