locodemy:


stocks with less free float always outperform the market.Air service does not attract investors........i will advice you keep off unless you want to participate in the dividend which is sure for the company.

Is Air Service not in this aviation industry that is oscillating. I suspect the company may have many receivables that they wont be able to collect. Imagine if they are being owed by airlines like Arik, Aero, FirstNation etc

Anyone with idea on why FBHN was opened at N3.55 when it closed yesterday at N3.66?

The National Union of Petroleum and Natural Gas (NUPENG) has suspended its three-day warning strike barely 24 hours after it commenced. The union president, Igwe Achese, announced the suspension after a meeting with the minister of Labour and Employment, Chris Ngige and other top government officials. NUPENG expressed satisfaction with the commitment shown by the government at the meeting, which was also attended by the leadership of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and other stakeholders in the oil sector. NUPENG embarked on the strike on Wednesday, January 11, in protest of the sacking of over 4,000 oil workers without benefits by oil firms. Commenting on the situation, Ngige said it the government has reached several agreements with the International Oil Companies (IOCs) and Local Oil Companies (LOCs) in respect to the workers' agitation, but the companies failed to comply. He said: "A lot of agreements have been reached

BMZK:
Anyone with idea on why FBHN was opened at N3.55 when it closed yesterday at N3.66?

There's a pre-market trade that happens in the morning between 9.30 and 10.10am or so. That's where open market price is determined based on supply vs demand.

The Chinese government on
Wednesday announced a fresh
$40 billion investment in the
Nigerian economy. The Chinese Foreign Affairs
Minister, Mr. Wang Yi, made the
disclosure at a bilateral meeting
with his Nigerian counterpart, Mr.
Geoffrey Onyeama, in Abuja. The minister said China had
already invested up to $45 billion
in the Nigerian economy. He said, “Nigeria and China are
strategic partners. Our relations
have been developing well. China
has already invested or financed
a total number of $22billion
projects here in Nigeria, another $23billion projects are ongoing. “In addition, we are also following
up another over $40billion of
investments which is in the
pipeline.
“Compare with the size,
population and markets of our two countries, our cooperation still
have large potential to be
deepened.” He also pointed out that to
achieve further development and
prosperity, Nigeria and China
need to strengthen political mutual
trust and deep complementary
between the two nations.

fxuser:

FBNH

- SP closing above 3.60 wt good volume
- 20dma stays above 50 dma (crossover was 5th Dec)
- RSI above 60 , good sentiments remain
- those who bought the support at N3, shud be up +20%
- sit still

FBNH
- testing 3.70 on good volume
- macd above signal line and above zero line

Transcorp
- looking to break 0.90 resistance

Only results will separate men from boys.

Eterna oil taking off gradually.......not yet inside the bus as less units available
fully loaded sterling bank 35% and fcmb 60% portfolio.........and union homes 5%
stocks in my portfolio...... fcmb and sterling bank plus useless union homes.

stocks on target...........CCNN.........good news coming by september Eterna oil........good news already manifested Others.........wapic,skye,transcorp.......known as JUJU stocks for the year.

Fidelity bank
- sleeping with the bears
- every breakout remains unsuccessful
- leave am alone

Zenith
- market maker is waiting to see if any more sellers de before markup

sometimes sellers will lure the buyers out

other times buyers will lure sellers out

its d beauty of the game

pls fxuser,pls post the current market activities in both fcmb and sterling bank for me.tnx

Diamond bank met Fidelity below N1 and left it there, tnx to sentiments.
It's likely Fidelity will have a better result than Diamond.

fxuser:
Diamond bank met Fidelity below N1 and left it there, tnx to sentiments. It's likely Fidelity will have a better result than Diamond.

Sterling likely to have a better result than the both.

locodemy:
pls fxuser,pls post the current market activities in both fcmb and sterling bank for me.tnx

Sterln bank
SP below 20dma bearish)
20dma is below 50dma (bearish)
RSI sloping downwards (bearish)
RSI below 40 (bearish)
Macd below zero line but above signal line (indicating buy signal )


IMO: I would like to see RSI above 50 first

fxuser:


Sterln bank
SP below 20dma bearish)
20dma is below 50dma (bearish)
RSI sloping downwards (bearish)
RSI below 40 (bearish)
Macd below zero line but above signal line (indicating buy signal )


IMO: I would like to see RSI above 50 first

surely,market sentiments and rumours of results will take it above 50 RSI.just mentain my buy buy buy for now!

locodemy:
pls fxuser,pls post the current market activities in both fcmb and sterling bank for me.tnx

FCMB
SP above 20dma & 50dma
20dma is above 50dma
macd is above zero (+ve )
macd is above signal line
RSI has dropped from 79 to 68 but above 50
SP is in a pull back after hitting 1.40

locodemy:


surely,market sentiments and rumours of results will take it above 50 RSI

I keep learning to trade what i see not what i hope for .

I feel you .

fxuser:

FCMB SP above 20dma & 50dma 20dma is above 50dma macd is above zero (+ve ) macd is above signal line RSI has dropped from 79 to 68 but above 50 SP is in a pull back after hitting 1.40

i expect it to stand firm at 1.20 until news of results surface.......tnx

Transcorp
- +12 m units traded
- sellers no gree shake
- they pushed back to .89
- interesting

fxuser:



I keep learning to trade what i see not what i hope for .

I feel you .

not sitting tight like in fcmb.......buying at a lesser price is good here.

locodemy:


i expect it to stand firm at 1.20 until news of results surface.......tnx

i understand that stance . .
so many ways to trade this ongoing setup.
the RSI & 20dma are my short term guide here.

fxuser:

i understand that stance . . so many ways to trade this ongoing setup. the RSI & 20dma are my short term guide here.

respect

locodemy:


Sterling likely to have a better result than the both.

Fidelity will have a better result followed by Sterling.

angelo82:


Fidelity will have a better result followed by Sterling.

it doesnt have any price action like sterling and diamond...........These are what we are considering first in investments.The result might be better but for me NO NO NO.

fxuser:



I keep learning to trade what i see not what i hope for .

I feel you .

on point...This is why the charts are better than us...

So market don enter stand still mode again...........another opportunity rolling.....

I am the only one bidding for afriprud now @ N3.13.....

They are just staring at me @ N3.20....

I may withdraw my bid and leave them at full offer soon.....

Is there a new NSE guideline on latest date for submission of FY results?