Avoid Trading Traps: Use Monthly, Weekly & Daily Charts for Smarter NGX Entries

Many NGX investors lose money by making decisions on just one timeframe. Start with the monthly chart for a macro view. Ask yourself: is the stock in a long-term uptrend or are you catching a falling knife? Next, examine the weekly chart structure. Is price expanding in a healthy trend or compressing in a choppy market? Finally, use the daily chart as your entry trigger. Wait for a pullback into support on a completed bar—don’t chase mid-day spikes.

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