There's nothing new happening at Transcorp despite all the efforts of Mr tony. When they go low,we go high!

Fo is 63 naira. Damn!!!
Someone get me my cheque.

Am looking at presco, okomu and fo.

Presco and okomu must vomit.
Magic go still happen to fo as usual.

What's happening in Eterna Oil that caused steady price appreciation?

What's the way forward for zenith bank. Should we exit or buy?

Ucap (note to holders)
- after making a new high at 3.50 region, its on a expected pull back
- further pull back expected , 2nd inverted hammer formed in the last 4 trading days
- also RSI has been making lower highs has SP was making higher highs (-ve divergence)
- note RSi still above 60 , so support may still turn up
- macd is above zero (bullish) but about to cross below signal line (pull back)
- first support is N3.20 , next support N3 (if support fails)

#FLAG

Note:
this is for short term plays. Weekly & monthly chart still bullish (long term play)

ogoo4real:
What's the way forward for zenith bank. Should we exit or buy?

- cud barely break 15.95 today
- but patience

fxuser:


- cud barely break 15.95 today
- but patience

@fxuser

What ur take on NESTLE, Do you think they will proposed dividend this year?
What price can i buy if they wount be giving dividend ?

PETERiCHY:

Now back to business, for the past few weeks Trump and his fellow capitalists were busy heating up the America MARKET.

After his inauguration 2moro, the reality will set in and the spillover will have a negative effect on all the global MARKET for the next few weeks.

So bargain Hunters should sharpen their cutlasses between 2moro and 2nd week of Febuary i foresee some GOOD BARGAINS.

*ThE OcToPuS*

http://www.aljazeera.com/news/2017/01/trump-withdraws-trans-pacific-partnership-tpp-deal-170123170334145.html

US president formally pulls US out of massive 12-nation trade deal that covers 40 percent of world's economy.
Trump also called the order a "great thing for the American worker" [AFP]
US President Donald Trump has signed an executive order formally withdrawing the US from the Trans-Pacific Partnership (TPP) trade deal, following through on a promise from his presidential campaign.

Indeed, a commentator has said there are currently 11 different Naira/Dollar exchange rate regimes in the country. He attributed this to continued scarcity and CBN’s dominance of the market. He listed the different rates as follows:

Pilgrims rate, N197/$;

Customs rate, N285/$;

Budget rate, N305/$;

Interbank rate, N315/$;

Fuel Imports rate, N316/$;

International Card rate, N319/$;

Travelex rate, N345/$;

Special Funds Airlines rate, N355/$;

Western Union rate, N375/$;

BDC rate, N399/$

And the Black Market rate, N492/$.


http://m.guardian.ng/business-services/confusion-as-dollarnaira-exchange-is-mired-in-multi-layered-rate/

PETERiCHY:
Indeed, a commentator has said there are currently 11 different Naira/Dollar exchange rate regimes in the country. He attributed this to continued scarcity and CBN’s dominance of the market. He listed the different rates as follows:

Pilgrims rate, N197/$;

Customs rate, N285/$;

Budget rate, N305/$;

Interbank rate, N315/$;

Fuel Imports rate, N316/$;

International Card rate, N319/$;

Travelex rate, N345/$;

Special Funds Airlines rate, N355/$;

Western Union rate, N375/$;

BDC rate, N399/$

And the Black Market rate, N492/$.


http://m.guardian.ng/business-services/confusion-as-dollarnaira-exchange-is-mired-in-multi-layered-rate/

Sir,....And the current black market rate is between N498 - N505

Tritri:

@fxuser

What ur take on NESTLE, Do you think they will proposed dividend this year?
What price can i buy if they wount be giving dividend ?

no idea sir
rsi is breaking down into oversold levels
plenty weakness

Godisfaithful:


Sir,....And the current black market rate is between N498 - N505

the elephant in room

fxuser:


the elephant in room

Pls clarify....is the elephant about waking up from deep sleep

safepaulooo:


Pls clarify....is the elephant about waking up from deep sleep

@paulooo we dont know you, what is your old name or name you use to post befor? because you are not new member you talk like B or P

ihedioramma:
@paulooo we dont know you, what is your old name or name you use to post befor? because you are not new member you talk like B or P

I have been a silent reader of this thread for almost 2 yrs. I have learned so much and feel like participating if I have something to say.

ihedioramma:
@paulooo we dont know you, what is your old name or name you use to post befor? because you are not new member you talk like B or P

lancee:

safepaulooo:


I have been a silent reader of this thread for almost 2 yrs. I have learned so much and feel like participating if I have something to say.

are you telling me the truth? any way . ONE LOVE .

GTB
Quick look at last last 15 trades
- consolidation ongoing
- trade range 23.70 low to 23.99 high
- macd is flat (& hanging on to Zero line)
- rsi is flat
- very neutral (no clear buy / sell signal)
- any break out could be explosive either way

Maybe investors are waiting for MPC closing and Board meeting outcome.


Dis:
no major holdings

FBN

- macd is making lower highs while SP is making higher high (-ve divergence) #FLAG
- pull back ongoing
- every time SP touches 3.70 , it gets rejected (see last 20 trades)
- those who bought the N3 support region can take some more profit here
- if it breaks thru , u get back in, if it fails , u wait & re-enter at the next support
- so called ''long term'' holders need not worry so far its trading above 50dma

#justObserving , No recommendations

fxuser:
GTB
Quick look at last last 15 trades
- consolidation ongoing
- trade range 23.70 low to 23.99 high
- macd is flat (& hanging on to Zero line)
- rsi is flat
- very neutral (no clear buy / sell signal)
- any break out could be explosive either way

Maybe investors are waiting for MPC closing and Board meeting outcome.



Dis:
no major holdings

Fxuser can u please give the same analysis on Zenith and Stanbic as well. Thanks

As well as fcmb n fidelity. Dis fide de move very slow. Hardly u c am on full bid

ihedioramma:
are you telling me the truth? any way . ONE LOVE .

Wholehearted truth....One Love brother

Brent Crude 56.14 ▲ +0.51 0.92% 1/24/2017

fxuser:
FBN

- macd is making lower highs while SP is making higher high (-ve divergence) #FLAG
- pull back ongoing
- every time SP touches 3.70 , it gets rejected (see last 20 trades)
- those who bought the N3 support region can take some more profit here
- if it breaks thru , u get back in, if it fails , u wait & re-enter at the next support
- so called ''long term'' holders need not worry so far its trading above 50dma

#justObserving , No recommendations

not recommendations but teaching . thank's . one of my brother said i sold at 3.51 to get back at 3 . he said it will get to 4+ befor DEC, 2016 end .

Godisfaithful:


Sir,....And the current black market rate is between N498 - N505

myjoy84...from all that you've being posting lately, what do we exactly do these days? I remember when we were shouting "BUY! BUY!!" here. Some people bought and got their fingers burnt... now you have joined peterichy. What kind of people are on this earth? don't you know that words are powerful. Stop talking as if you know tomorrow for sure. If we all sell off now, that we should invest...as you and peterichy are saying. When do we buy to benefit from the companies' dividends?

WISE MEN TALK LESS AND DO MORE
Make your point once and mind your business... no one invests with your money nor peterichy fund...that you two should repetitively keep warning

ogoo4real:


Fxuser can u please give the same analysis on Zenith and Stanbic as well. Thanks

I think Zenith was posted earlier .
Found resistance yesterday at 15.95, still oscillating at 15.90 region this am !

It's Board meeting Week

Today: Zenith Bank
Tomorrow: GT Bank
Thurs Access
Fri UBA

if this 4 can't lift the index ! nothing will #kidding

When will the MPC meeting close? seems mkt is very dry today o