Key interest rate raised today to 16.5% by the CBN

Agbalowomeri:
GTCO inverted hammer today
Going by the books, it should start shedding some weight from tomorrow

GTCO escaped shedding today. Tomorrow?

seyisanya:
GTCO escaped shedding today. Tomorrow?

The bull behind this look forceful
I am not expecting any shedding till the next resistance

BabsO2:
Key interest rate raised today to 16.5% by the CBN

Does this mean more money for the banks through the TB route as we saw in the past?

BabsO2:
Key interest rate raised today to 16.5% by the CBN

We wait to see how this will impact the market.
Hope this will not return the banking index to the negative territory.

Dum20:


See so much bitterness in you. In my opinion i think this is an over reaction. He asked you a simple question you can give a simple answer to.

Like you said, the sky is big enough for everyone.

The question he asked was to stimulate a discussion not to throw insults.

We are all here to learn and rub minds together, no one knows it all

Thanks for your observation.
I don't know him; why should I be bitter?
Try to dig a little bit into the root of the matter before you judge me.

I actually over-reacted; and my vetuperation was unwarranted and unnecessary. I'm very sorry house.

I actually became paranoid because he has in the past, in a couple of occasions insulted me because I made a comment.
He can't claim he doesn't know me in this house for a long time; so asking me when i started trading could be pregnant with meaning.
I regret my outburst and I'm sorry.

Agbalowomeri:


The bull behind this look forceful
I am not expecting any shedding till the next resistance

What makes you think the bull looks forceful

seyisanya:
GTCO escaped shedding today. Tomorrow?

GTCO closed @20.40!!
Power of inverted hammer could not stop or do it any harm, at least, it couldn't today......GT is vexing

Those that were lucky to pick @16.80/17.00 would be smiling now...
I guess those that picked higher will be heaving signs of relieve small small too.....

Toluway:
I actually over-reacted; and my vetuperation was unwarranted and unnecessary. I'm very sorry house.

I actually became paranoid because he has in the past, in a couple of occasions insulted me because I made a comment.

Even though I need to consult my dictionary on the vocab, but I think you were right.......you actually overreacted boss, at least I know the meaning of that one.....
Please let's try and be overlooking some things and do away with past angers, it does the body no good sir.
Thanks for the apology sir. Apology accepted, even if dem no send me.
Me, I don't send anyone again, I just go ahead and do my things. Anybody wey dey vex just dey vex for himself/herself. If I wan leave NSEMPA, no be dem go pursue me.

yMcy56:

Even though I need to consult my dictionary on the vocab, but I think you were right.......you actually overreacted boss, at least I know the meaning of that one.....
Please let's try and be overlooking some things and do away with past angers, it does the body no good sir.
Thanks for the apology sir. Apology accepted, even if dem no send me.
Me, I don't send anyone again, I just go ahead and do my things. Anybody wey dey vex just dey vex for himself/herself. If I wan leave NSEMPA, no be dem go pursue me.

Thank you ma. I won't over-react again

Toluway:

Thanks for your observation.
I don't know him; why should I be bitter?
Try to dig a little bit into the root of the matter before you judge me.

I actually over-reacted; and my vetuperation was unwarranted and unnecessary. I'm very sorry house.

I actually became paranoid because he has in the past, in a couple of occasions insulted me because I made a comment.
He can't claim he doesn't know me in this house for a long time; so asking me when i started trading could be pregnant with meaning.
I regret my outburst and I'm sorry.

uncle Tolu... you go be wicked uncle o.. pple go fear u for your area i think habaaa keeping past member post for heart to fire oga emma that just asked a simple question to start with..

your reaction must be beyond his post here..

Ekuu Mkt o

Agbalowomeri:


Looking for the dead among the living

Sometimes we find them. Especially among Nigeria civil servants

technically, it appears things about to change for good in the market. checking my chart again yesterday I can see Agba might be right on banking index alert..apart from daily price spike above ichimoku. Montly has turn bullish too. if monthly close above 400. then we are there again. other chart like nse30 & co begin to speak in the same voice

abeg, where is my bedsheet...worth keeping eyes in the market now.

Cc Agba , Bullbear & co

BigBashiru:


What makes you think the bull looks forceful

Ichimoku cloud ni

currentprice:
technically, it appears things about to change for good in the market. checking my chart again yesterday I can see Agba might be right on banking index alert..apart from daily price spike above ichimoku. Montly has turn bullish too. if monthly close above 400. then we are there again. other chart like nse30 & co begin to speak in the same voice

abeg, where is my bedsheet...worth keeping eyes in the market now.

Cc Agba , Bullbear & co

I also saw RSI-Index divergence, a powerful leading indicator last upper week ago but as na night school I attend, I no wan jump like puma make market no use me do asun like Saudi Arabia use Messi

Agbalowomeri:


I also saw RSI-Index divergence, a powerful leading indicator last upper week ago but as na night school I attend, I no wan jump like puma make market no use me do asun like Saudi Arabia use Messi

thatz true sha

Agbalowomeri:


I also saw RSI-Index divergence, a powerful leading indicator last upper week ago but as na night school I attend, I no wan jump like puma make market no use me do asun like Saudi Arabia use Messi

The major indicator for me is always the MPR. If interest rate goes up, i expect stocks to go down based on that.

Olaide1295:

The major indicator for me is always the MPR. If interest rate goes up, i expect stocks to go down based on that.

From a fundamental point of view, yes

Yes. It also means more interest expenses as they will have to pay more on deposits. Especially savings.

Agbalowomeri:


Does this mean more money for the banks through the TB route as we saw in the past?

currentprice:
technically, it appears things about to change for good in the market. checking my chart again yesterday I can see Agba might be right on banking index alert..apart from daily price spike above ichimoku. Montly has turn bullish too. if monthly close above 400. then we are there again. other chart like nse30 & co begin to speak in the same voice

abeg, where is my bedsheet...worth keeping eyes in the market now.

Cc Agba , Bullbear & co

Market index showing pullback until price rally above 50K. Good observation of Banking industry index... it's a short term rally. On a bigger picture, the index is showing a head-and shoulder price pattern which is dangerous. In the meantime, let's enjoy the end of the year rally, hopefully to resistance at 450...

yMcy56:
GTCO:
These sellers and cross dealers just dey vex anyhow.....
Quite a lot of buying, selling and cross dealing are ongoing in the background........
They'll exhaust their energy one day......

All these 555Ks, 665Ks are from the background...... Watching what their mission actually is.......but by the time they're satisfied now, all the stories of rate hike, election palava, dollar/naira, charts, will then be meaningless, we'll now be wondering what has changed......
Who says money and power doesn't control this market? Lol.

October 13 post.
So, suddenly the market is not obeying all the different theories about elections, rate hikes and what-what again. Charts also making U-turn....... Interesting..

BullBearMkt:

Market index showing pullback until price rally above 50K. Good observation of Banking industry index... it's a short term rally. On a bigger picture, the index is showing a head-and shoulder price pattern which is dangerous. In the meantime, let's enjoy the end of the year rally, hopefully to resistance at 450...

Oga BBM, this your 'head' is not correct o (lighter note)
Waiting for yMcy56 to give me a correct head

Hello House, Please what happens if I dont take up the 'takeover' offer made for union bank shares by Titan bank? Are they converted to Titan bank shares?

yMcy56:

October 13 post.
So, suddenly the market is not obeying all the different theories about elections, rate hikes and what-what again. Charts also making U-turn....... Interesting..
Well-done bosses. Well-done Oga Oracle.

Oracle said the market has nothing else to do than to respond and the time is now.

I took position in mansard last 10-12 days at 1.60/1.63 and now picking interest in Japaul as I can see the stock is turning for good.Buying currently at .26/27kobo.

With the fall in the value of the Naira and the surging inflation rate, how do you preserve and grow your wealth?

You can diversify and invest with us through our forex fund management service in other to beat the high inflation rate, preserve/increase your purchasing power and at the same time build your wealth in an inflationary economy. Visit the link below.

https://www.nairaland.com/7349176/worlds-most-consistently-profitable-forex

currentprice:


uncle Tolu... you go be wicked uncle o.. pple go fear u for your area i think habaaa keeping past member post for heart to fire oga emma that just asked a simple question to start with..

your reaction must be beyond his post here..

The fact is I'm more gentle and tolerant than an average nigerian. It goes beyond an ordinary question as you think. Please read my past post on this.
I have overly apologised and i thought you've forgiven me for this.
Overdose of coffee tea yesterday morning was actually to blame.
Once again, sir Emmanuel, please forgive and forget.

I would continue to overlook things as i have been doing.

Don't allow this market to show you 'Gbelo, gbebo'.
The interest rate hike from the meeting yesterday was bound to reflect in today's trading.

Agbalowomeri:


Oga BBM, this your 'head' is not correct o (lighter note)
Waiting for yMcy56 to give me a correct head

I trust my sister is old school; she doesn't know about heads o, neither shoulder self .
Abeg Agba no vex say i put mouth for your matter.

Toluway:

I trust my sister is old school; she doesn't know about heads o, neither shoulder self .
Abeg Agba no vex say i put mouth for your matter.

Abeg put mouth as long as it will facilitate the headings Lol

This H&S though, if one waits for the size to resolve, zero money would be made. The right shoulder on your illustration is a double bottom in its own right.

BullBearMkt:

Market index showing pullback until price rally above 50K. Good observation of Banking industry index... it's a short term rally. On a bigger picture, the index is showing a head-and shoulder price pattern which is dangerous. In the meantime, let's enjoy the end of the year rally, hopefully to resistance at 450...

Bros, are we still talking about the 'same matter'? Or am I not reading it correctly

Agbalowomeri:


Oga BBM, this your 'head' is not correct o (lighter note)
Waiting for yMcy56 to give me a correct head