MOBIL Plc Sentiment Analysis Report - W/E May 04, 2012
Sunday, May 06, 2012/ Proshare Research
MOBIL Plc experienced bearish sentiments and high sell tendency in the week to record -15.5% loss as against 10.2% gain recorded in the previous week- price reversal trend was witnessed as investors booked short term profit considerably while the stock hits below 2years low (N118.67 recorded in 9th April 2010) at N117.16.
The price trend revealed neutral posture and bearish trend in short and mid-long term period respectively, indicating the stock is still within the ambit of the bears as buttressed by MACD.
The last trading session experienced an uptrend with strong bargain tendency as exhibited by candlestick pattern, indicating price reversal trend as stock appeared bottomed-out.
Technical conclusion on sentiments: the emerging sentiments appeared positive, considering the strong reversal trend observed at the last trading session of the week while the stock appeared bottomed-out with 2years low price posture. The chart below shows MACD, candlestick, RSI and volume analysis.
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