The extended bull market on the NGX is anticipated to persist, as the index looks poised to surpass the previous peak of 109,850.83 and maintain strength from the 200-day moving average. This robust buying sentiment has bolstered numerous stocks to reach their highest points within the past year, despite changing economic conditions and surprisingly positive earnings reports from publicly traded firms. The V-shaped chart pattern for the index suggests an influx of capital into equities, driving purchase activity across various segments including low-priced, mid-range, and high-end stocks. This sustained recovery and upward trend have received additional support from rising trading volumes. Currently, the market operates notably above its daily average level with increasingly favorable internal conditions. At this juncture of the uptrend phase in NGX, profit-taking or minor retracements present opportunities for fresh entries and simultaneously enhance the index’s potential to m...