emmanuelewumi:




Bear Keh, market will bounce back by Friday or next week Monday.


Just make sure you have fundamentally sound stocks in your portfolio

Till Q3
The rest is going to be gasping for breath till Q3

We leave the remaining market in the hands of the TA people

Agbalowomeri:


If ASI breaks the ATH, it is bullish but expect a retest of the ATH levels. If it bounces off the resistance, then it could pull back to harness more energy to try again
The grammar don dey too much for my daughter sef

Is the ASI bouncing off the ATH resistance? We watch

Did I make a right call in getting out

locodemy:


I got the money than you by ratio.
You made 100% in blue-chip stock.
I made 300+% profit in kobo kobo stock.
I am still in the market by 70% and profit counting.

No Wahala oga Loco
Enjoy your loot

Started exiting the market last week at 100% portfolio profit.
I should be done this week.

We will be back another one year or two or whenever una finish with the market

Una thank you o

pluto09:


Is it not possible for TA people to talk and analyze without the word "if"?

I am not TA people o. Maybe that's why I use "if"

emmanuelewumi:



Okay, how will you explain that to your 7 year old daughter

If ASI breaks the ATH, it is bullish but expect a retest of the ATH levels. If it bounces off the resistance, then it could pull back to harness more energy to try again
The grammar don dey too much for my daughter sef

emmanuelewumi:




Come down to my level, do as if you are explaining it to your 7 year old son

I don't have a son. I have only girls. Women will not leave me alone

emmanuelewumi:
Waiting for the take of TA people on the markets direction for the next 6 to 8 months

We are entering uncharted territory

9free:

$100 loss for Yankee na how much in naira terms?
Meanwhile I am currently sitting on $600 loss for Yankee via Bamboo and Trading212.

At least your GTCo is back with a profit

essentialone:


45 ke. For IB that is trading at N5 ?

Na hangover

ositadima1:


From looking at the chart, I see sellers waiting to dump at around the 45.3 to 48.3 region. If the price breaks that resistance, then 60 may be possible.

Friday night booze Lol

PETERiCHY:
See Oracle and his generational low gang sneaking into the market

Let the poor breath

rahjan:
The strategy isn't the most important thing. Most strategy probably has some value. The most important thing is discipline. It takes discipline to go against the herd. To buy when others are fearful and bailing out, to sell when your stock is overvalued but prices are still going up.

Another angle

Mankindman:

I agree with you.
My portfolio growth follow Sentimental analysis. The technical analysis never allowed you to benefit from long term reward. Most brokers have misled retail investors and traders with constant alarm of Buy, Hold, and Sell.
A review Transcorp Hotel in my portfolio, bought in February 2021 @ N3.35k is currently at 430% gain excluding dividends, while NAHCO units bought in 2020 @sub N3.00 is currently at over 538% gain excluding dividends and bonus.
Technical analysis is a mirror that I use in x-raying the market, a guide for my decision making (Buying ,Selling, Holding).
The beauty of sentimental analysis is that there is no proven instrument to measure it, winning with it is following the market religiously, scanning for opportunities.
Waiting to buy from the impatient investors for the purpose of accumulating a generational wealth, ignoring the sell alarm button from the herds and brokers.
Key into the primary activity, the core service provision of the company, the potential of the company to generate revenue in the future, the management composition are some of the fundamental that can make one to succeed in NGX.
I can testify that sentiment and patient is core essential in my portfolio growth 📈.

What happens when there is a bear market in the near future and your 500% evaporates? I am only trying to understand your strategy holistically

Afromentalist:

Hello, thanks for your answer. I actually was not in for a dick contest , hence I appreciate your answer.

Since the Jim Simons topic has already been raised in this place a few times (and I always remained silent) let me use the opportunity to address it.

First off, I never claimed technical analysis is absolutely useless. I said to the average Joe it is actually gambling. To be truly useful TA requires a level of Skill that is very rarely available to retail investor. Heck even Simons was not successful until he formed a group of geniuses around him (himself equally a math genius).

Secondly, one can argue that Simons does not really practices TA as done by majority of speculators. Although the details of his strategy remain proprietary, the core idea is now (through former employees) known: he uses high level arbitrage across asset classes coupled with high leverage. His strategy is said to work up to a net fund of about 100 millions (if my memory serves me right).

Why do you think his fund is closed to investors? Beyond that amount the returns diminish.

If anyone thinks Simons does chart analysis to predict the direction of the stock market, nothing could be further from the Truth. Not to mention that all his trades are computer generated and not humanly analyzed.

Yes, if one has the brain Ressource of Simons and his team, TA is effective, but to the average retail investor looking at Gant Charts and analyzing Waves, it is most likely as effective as random luck.

I don't agree with you

thesilentone:
Sellers couldn't complete the job in the following week. Weak hands getting replaced, the clue is in the hammer last week.

I would have preferred an inverted hammer in this scenario

Afromentalist:
I hate technical analysis with passion. To me it looks like well packaged Bullsheet. I am very certain some exceptionally talented people do make serious money with it, but I tend to believe the average Joe shall only lose money especially in the Long run (just like gambling).

I know traders here will disagree and I beg to be corrected but pure technical analysis looks to me nothing more than gambling with complex theories.

I might be wrong though.

It depends on how you use it

thesilentone:
Looks like normal service has resumed.

Nigerian Breweries looks interesting with a double bottom. Price is approaching the neckline, above my indicators. Quiet accumulation ongoing with volume increasing.

As always, see profile.

But it already rejected that resistance

ositadima1:


It is hard, I know, but I believe that stocks do not just move randomly; they give signals ahead of their movements. If you can decode these signals, you will be correct 70% or more of the time. There will be times when the signal is incorrect, and you will enter a trade that loses money. This is where good money management comes in. You need to have a plan for how much you are willing to risk on each trade, and you need to stick to that plan.

In addition to decoding signals, you also need to have a way to look for signals for all the stocks at once in parallel. This is where a stock screener comes in. A stock screener is a tool that allows you to filter stocks based on a variety of criteria, such as price, technical indicators. By using a stock screener, you can quickly identify stocks that are showing potential trading signals.

Then, you need to do your due diligence before entering any trade. This means understanding the stock's financials to some extent.

This requires too much time and energy for me. And comparing the performance with simpler strategies, one would wonder if it's worth it

stockbull:
Greetings to everyone here.

I'm writing this post to target newbies in this market.

First, it's good this thread has helped one or two people, and there are many good people that are willing to help others here.

If you ask me, I still read and learn from you guys here but I'm not that active in this market, hence don't have much to contribute.

However, one thing I'm very sure about, No one can maximize growth opportunities in long term by being a core fundamentalist or Technical analyst (FA or TA follower.), Not in this age anymore.

People who're relatively new in this game should swallow this bitter truth that in this age, the two are very important to grow their portfolios.

The competition between TA and FA is a global thing, and not here only.

FA is reasonable, while TA defies logics, and both works.

The FA apostles find it difficult to accept TA because it's not reasonable, and they believe company's performance precede the chart.

Also, FA was the only tool accessible in the past when the world has not become a one community.

TA apostles accept FA, and grow with the trend, hence compliment the two.

Whether you're a core FA or TA today, the two works to make money, and that's exactly what should be the focus.

Let me tell a short story that birthed this thread.

I was exposed to the US market some years back because I love the American culture.

I invested in the US stocks through my then broker, TDAmeritrade. While there was no robust investing platform then, I love being in the internet.

I was also one of the early birds of StockMarketNigeria (SMN) but was not that active, but read daily with my general moniker.

I visit and talk once in a while because I bought some IPOs days when companies flaunt their banners on Billboard on main federal roads then, we don't see that today anymore.

What I experienced with foreign market made me registered a new moniker 'Stockbull', and wanted to incorporate TA in the Nigerian market.

Whoooh, I was not giving a breeding space because the majority are Fundamentalists, it's reasonable, NSE has not gone digital then, I lost a lot of money then because my analog broker don't always buy stocks at my desired price.

TA was almost impossible on NSE unless you're a broker or have a big fund to influence.

I registered my moniker Stockbull again on Nairaland and NigerianBestForum, and opened this thread to outlive SMN.

I was trying my best, and many people started contributing their TA and FA knowledge here, and this thread and picks became their discussion on SMN.

Some of the FA apostles registered here to prove TA wrong here, but we were moving, and many of them grew with time to incorporate TA. Some were not bold to admit it, but some did and TA followers grew to a level the FA guys were not able to challenge them.

My candid advice again,
Whether you're a core FA or TA today, the two works to make money, and that's exactly what should be the focus.

@Stockbull
Great to sight you. I think the major problem is that some can't really distinguish who they are. Are you investing using FA? Trading using TA? Investing using FA but applying TA to maximize entry? Trading with TA but using FA for safety? ..... So many strategies work but failure to understand where you stand will push you to where belle face which may be risky.

If you claim to be a trader, goan learn TA

hayyawithme:


Money marker! How much impact have you made on other peoples life?

Selfish with ideas, knowledge, and with your little coin, if you have any at all.

Wahala Wahala
Everywhere you go

Seniorman Tolu wetin I do you o

Godisfaithful:
E ku market ooooo

Remainder: $1 to Naira is N815 (Naira)

Dollar don show werey

debeey87:


Access paid 1.30 while UBA did 0.90k

For the year, it's 1.10 versus 1.50

pluto09:


How did you get 13% as dividend yield for UBA?

You better ask him to drop FA for the owners Lol
Yield is less than 10%
I think Access is still around 10%
The market knows how to price all of them to a similar range of dividend yield

BullBearMkt:

Absolutely! It's of utmost importance that those who are new to the stock market take time to educate themselves prior to opening a brokerage account. This cannot be emphasized sufficiently.

Baba there is no amount of studying, everything will be like greet until you land on the field of play.
Even at that you will still pay school fees before your eye clear. Especially for those who join and are fortunate to make a huge profit. Caution must be thrown in the air before Monkey hunters like Loco hit you

Zagee:
This hike in electricity tariff. Hmm. I hope we are expecting 100k minimum wage, cuz the poor will suffocate oh. Streets are hard!



Reversal / accumulation week.

Una still dey use NEPA for this country

veecovee:

In as much as investors is not my primary purpose of buying the stock, N250billion is not even up to $500,000,000. Hope you know that bill gate is coming to Nigeria to discuss health, agric and finance

Bill Gates is coming to buy Unify bank.
Hallelujah

veecovee:


If she's there, then we are going to N3 very soon

You wey no sabi TA
No go carry missionary money play kalokalo

Geovanni412:


FInd am with trove or bamboo app.

As a grave robber, na good price to gamble on am.

My brother, I be local man. I can only run NSE race. I no fit compete against algorithms in US