Support and resistance levels get treated on Nigerian and South African trading forums as if they were fixed rules of physics: price hits ₦45 and bounces, so ₦45 is "support", full stop. That treatment is wrong, and it costs people money. A support or resistance level is a record of where buyers or sellers showed up in the past. It is a description, not a boundary drawn by a regulator or an exchange. Treating it as exact, down to the naira or the kobo, misreads what the chart is actually telling you.
Stockology Blog
Insights on AI-powered stock intelligence for African markets, from the Stockology team.
MACD is easy to misread. "The MACD" sounds like one line, but it is built from three separate readings that each say something different. Get clear on what each one measures, and you stop treating a lagging signal as if it were a leading one.
The Dangote Petroleum Refinery IPO opened on Monday, 14 September 2026, after approval from the Securities and Exchange Commission (SEC). The SEC's notice on the offer advises the public to exercise caution. That is a fair place to start. This post sets out what the sources confirm, what they leave out, and what a reader may want to check before doing anything.
Look at a price chart and you're looking at where a stock's last trade happened. That's all a price line tells you: the most recent number, nothing about how much conviction sat behind it. Volume at price fixes that blind spot. Instead of asking "what did it trade at just now," it asks "how much actually traded at each price level over time." Those are two different questions, and the second one tells you far more about what a stock's owners actually believe.
RSI measures speed, not direction. It compares the size of recent gains to the size of recent losses and turns that into a number between 0 and 100, nothing more mystical than that. A stock climbing fast on strong up days will push RSI high. A stock getting hammered will push it low. That's the whole calculation. It tells you how hot or cold the recent move has been, not where the price is going next.
A moving average doesn't forecast where a stock is headed next. It flattens the daily wobble in a price chart so the underlying trend is easier to read. That's its entire job, nothing more. On its own it tells you nothing about tomorrow's close; it tells you where price has already been, averaged out over a fixed stretch of trading days. Strip away that distinction and most other mistakes traders make with moving averages follow from it.