PuristForest:
Meritrade is very okay, they can be a bit slow with responding to email communication but they do.
Regarding the interfaces, both platforms have their strengths and weaknesses, the new Meritrade interface is very simple to use and more userfriendly for the most part, beginners will find this quite intuitive to get around. MorganCapital is more robust but less user friendly, you have to dig in and read the help material to find things as you go along, however, it has more advanced features including the ability to see live trades and a robust reporting functionality which enables you to see the summarized market data and all your portfolio and financials... for me thats what sets it apart from meritrade. Finally, Morgancapital is abit effective with email coms, they try to get back to you within a few hours. If i were to choose one, i 'd actually go meritrade!

Good.
@Boshins you can weigh your options then.
I made my post based on some of the posts on Meritrade here. Not marketing for Morgan at all.

ositadima1:


Why stop at 3,000? When the currency reaches 3,000 to the dollar, what then - won't it just continue to 5,000, and after that, 10,000?

Buying dollars is just a temporary solution that will hasten the day of reckoning.

What happens when you can't leave your home because the streets have turned into gang-controlled zones where your dollars provide no safety?

Kidnappings are already on the rise; soon nobody will be safe unless they can pay for escorts.

Purchasing foreign currency offers fleeting respite but does not address the root causes of economic instability. Without meaningful reforms, the crisis will only worsen no matter how many dollars one accumulates. The focus must shift to long-term solutions before lawlessness and violence become insurmountable.

We are saying the same thing with different opinion. If you read what I wrote very well, you will see the word “Bad Economic policies and we can’t pray our way out of this mess”

That’s what brought us here…

Godisfaithful:


We are saying the same thing with different opinion. If you read what I wrote very well, you will see the word “Bad Economic policies and we can’t pray our way out of this mess”

That’s what brought us here…

All these bad policies and insurgency are dwelling in our midst but we are still surviving them.Stock market can only do a little pullback on any sad news then move forward again.

This morning ASI was doing 101k on the news of interest rates and later closed at 102k.We will still ride this bull.Wait let the Dongotes & co list their shares and see us at 150k by year end.

BullBearMkt:
Short-Term Market Outlook Turning Bearish With NSE ASI Double Top
Market All-Share Index is showing a short-term possible double top. A break of the neckline on high volume will possibly drag the index to its mean. This is a bearish outlook; however, the overall market outlook, both medium- and long-term, remain bullish

NB: Time to cautiously buy stocks

PLAN YOUR TRADES AND TRADE YOUR PLANS

I like that you're often realistic and factual in your view/input.
You are right about the possible short term bearish outlook.
The mkt made a LL and followed it up with a LH (< previous high) culminating in the double-top formation.
But it's still unconfirmed at this point. (see the simple chart impression below)

The dotted line below the lower trend channel can be considered an "alternative neckline", while the green line doubles as the neckline and psychological key SL.

Lots to say but here's my postulation;

A bounce at the alternative neckline but which reproduces a triple top formation could herald a stronger short term bearish reversal.
There's a 66.7% possibility that price action may break below the alternative neckline and a 33.3% prob of achieving the opposite.
With the former, I expect a bounce at the base of that rectangle/neckline unless the large caps/blue-chips lead the fall.

The trend in certain sectorial index is given a hint.

A reversal in short term trend will only likely be confirmed if and when PV action (must be supported by vol) drops below that neckline and key SL, bounces in-between that green and purple line but turns the green line into a "bullet proof fence".
...put differently, when psychological SL transitions into a psychological RL.

Below 81, 414 is actually when I will be concerned about the mkt. (though that again will depend on the assets that one holds)
Until then, there's absolutely nothing to fret about!

Some select asset names will inversely correlate the index movement (outperform the market within the period in focus), while others will present another great entry opportunity for value investors.
Those who subscribed to my outline and investment guide--Series 2 know what they ought to do.

It is well

Locotrader:


All these bad policies and insurgency are dwelling in our midst but we are still surviving them.Stock market can only do a little pullback on any sad news then move forward again.

This morning ASI was doing 101k on the news of interest rates and later closed at 102k.We will still ride this bull.Wait let the Dongotes & co list their shares and see us at 150k by year end.

Short term benefit can’t be attributed to the long term effects of what you portray (bad economic policies and insurgency)….They are recipe for economic disasters and disruption of a country if not well managed 💯

onegentleguy:


I like that you're often realistic and factual in your view/input.
You are right about the possible short term bearish outlook.
The mkt made a LL and followed it up with a LH (< previous high) culminating in the double -top formation.
But it's still unconfirmed at this point. (see chart below)

The dotted line below the lower trend channel can be considered an "alternative neckline", while the green line doubles as the neckline and psychological key SL.

Lots to say but here's my postulation;

...
...
...

It is well

OGG the summary is:

Go home

Locotrader:


All these bad policies and insurgency are dwelling in our midst but we are still surviving them.Stock market can only do a little pullback on any sad news then move forward again.

This morning ASI was doing 101k on the news of interest rates and later closed at 102k.We will still ride this bull.Wait let the Dongotes & co list their shares and see us at 150k by year end.

l have been on the lookout for this when l read somewhere of MPC today. Please what did they (CBN) come out with ?

essentialone:


C'est moi!

I jumped out of Oando plane ooo. See im life now.


Let it drop below 7.07 before I go buy am again. If not, safe flight ooo

Okay... Don't think you'll have your 7.07 wish. Price remains stable

Agbalowomeri:
OGG the summary is:

Go home

You will be there smiling until you miss out on some select opportunities that the mkt presents.

Look well!

....or the duo of inflation and currency devaluation will infest and eat into that your cash bullion van.

It is well

I have my eyes on Zenith at sub #35 but can it go lower to sub #30? If yes, no need to rush cos I need as much units as my money can afford . Let us see if the better entry opportunities will be available by Friday.

SonofElElyonRet:


Okay... Don't think you'll have your 7.07 wish. Price remains stable

Price is a stable gradual up trend. Chart plotters can plot the volatility about the up trend.

USAfall2024:
I have my eyes on Zenith at sub #35 but can it go lower to sub #30? If yes, no need to rush cos I need as much units as my money can afford .

Don't worry you'll definitely get it at that price

Zegra:


Don't worry you'll definitely get it at that price

Amen🙏

Locotrader:


All these bad policies and insurgency are dwelling in our midst but we are still surviving them.Stock market can only do a little pullback on any sad news then move forward again.

This morning ASI was doing 101k on the news of interest rates and later closed at 102k.We will still ride this bull.Wait let the Dongotes & co list their shares and see us at 150k by year end.

...Loco, you really like scanning the market. Kudos!!!

USAfall2024:


Amen🙏

I always find it funny when people use words like: "I Pray", "Amen" or "I Hope" when it comes to investments and securities. Or you no know say NSPPD no dey work for NGX or stock market in General......

onegentleguy:


You will be there smiling until you miss out on some select opportunities that the mkt presents.

Look well!

....or the duo of inflation and currency devaluation go infest and eat into that your cash bullion van.

It is well

Chop all the opportunities
I dash you whole heartedly

USAfall2024:
I have my eyes on Zenith at sub #35 but can it go lower to sub #30? If yes, no need to rush cos I need as much units as my money can afford . Let us see if the better entry opportunities will be available by Friday.

You will get it at 25 in April

BullBearMkt:

...Loco, you really like scanning the market. Kudos!!!

Oga na about 20 hrs I dey spend online everyday oooo.Wetin again be my work?
I have employees working in my private firms

onegentleguy:


You will be there smiling until you miss out on some select opportunities that the mkt presents.

Look well!

....or the duo of inflation and currency devaluation go infest and eat into that your cash bullion van.

It is well

He is dollar man

Agbalowomeri:


You will get it at 25 in April

I like this .Na by April end we go know if you go change moniker or for ever remain silent....3 months time.

Bua food is the cry in the wilderness making way for Dan food.....na monkey hunting. But use your tongue to count your teeth. The separation has happened in cement.

Any news on TB for today

Streetinvestor2:
I like this .Na by April end we go know if you go change moniker or for ever remain silent....3 months time.

Just call it a month.
Wey dey.
Any body wey run na him mama......

Naira Weakens At Official Market, Banks Sell $584m

https://punchng.com/naira-weakens-at-official-market-banks-sell-584m/?amp

Naira devaluation hits PZ Cussons on multiple fronts, reports £88.2 million FX loss

https://nairametrics.com/2024/02/07/naira-devaluation-hits-pz-cussons-on-multiple-fronts-reports-88-2-million-fx-loss/

Nigerian Stocks: List of Dividends announced in 2024

https://nairametrics.com/2024/02/02/nigerian-stocks-list-of-dividends-announced-in-2024/

Continue buying rubbish companies without fundamentals...

The thing your eye is looking for, you will see in excess...

Companies that have sound fundamentals sef are afraid of what is about to hit them takllkless of companies without revenue, loads of retained losses etc.

Locotrader:
Maybe no one has notice Meyer trying to do 100% from #3+ it was last week.

The bull will still circulate to all sectors just as it's quietly doing at the paint company now.

The brewery stocks are seriously battered.
I am much bullish on the brewery sector.

Waiting for accumulations and breakout at due time

PUMP ALERT
Only one entity has been manipulating this stock from the N3.56 price point. Enter now to play his game at your own risk. Whoever it is has made 50% in the last week and I am sure is ready to dump.

That which was prophesied about Oando will surely come to pass. The fearful are free to bail out. We dey Kempe until 400% plus on Jan 1 price!

TLAX:


PUMP ALERT
Only one entity has been manipulating this stock from the N3.56 price point. Enter now to play his game at your own risk. Whoever it is has made 50% in the last week and I am sure is ready to dump.

Na me dey do am. Volume traded in the past 3 days are: 157,602, 102,800, and 193,200.

Soon, e go catch fire.

A cursory dig on the technicals of DANGOTE SUGAR;

N80 now appears to be a short-term psychological RKL while the green colored moving average holds as a strong support zone.
Should we see a breakout (and close) above that RKL on the WTF, then price action will likely make a HH. (simple chart representation below)

This asset is "fueling up" for a great ride.

Upside potential maintains a near 1 probability!

#ds&nasconpotential

TLAX:


PUMP ALERT
Only one entity has been manipulating this stock from the N3.56 price point. Enter now to play his game at your own risk. Whoever it is has made 50% in the last week and I am sure is ready to dump.

DrAwo:
Continue buying rubbish companies without fundamentals...

The thing your eye is looking for, you will see in excess...

Companies that have sound fundamentals sef are afraid of what is about to hit them takllkless of companies without revenue, loads of retained losses etc.

Hmmm... bear bear loading. Not good for stock market.

onegentleguy:
Alhaji might be up to something!

N80 now appears to be a short-term psychological RKL while the green colored moving average holds as a strong support zone.
Should we see breakout (and close) above that RKL on the the WTF, then price action will likely make a HH. (simple chart representation below)

This asset is "fueling up" for a great ride.

Upside potential maintains a near 1 probability!

#ds&nasconpotential

...good analysis!