₦airaland Forum

Stock prices moves up and down geometrically; if you understand a stock's geometry at any point in time, then you could predict with 90% accuracy its movement.

Having said this, there are no bad news in Nestle that I know, its just the natural flow for any stock. I just checked my charts and based on projections, I had predicted Nestle to fall as low as N1,140 before reversal to as high as N1,453 or higher (depending on results and sentiments)

I make this prediction with 90% certainty but if for some reason it doesn't go as planned, you cant blame me like someone here is blaming #RabbiDoracle for issuing an exit warning. We can only make predictions based on sound technical analysis, but nothing is certain so you are responsible for your decisions and cannot blame another for making statements based on his judgement.

BAMOFIN1:
@mcy, brokerharuna, yok, Does anyone know why Nestle is been dumped since last week? It just sold for N1150 a moment ago. Urgent opinions please as the price is attractive for this earning period. Any negative info?

28,119 ?

Check the status on NSE.com.ng, I even had a trade executed after 2:30 PM.

I hope its just an anomaly anyways.

Mcy56:
Open where? It closed at exactly 14.30pm nah.

Why is market still open?

Today's market is boring!

Offloading at this time would be a mistake.

nna777:
Don't mind Loco oo. He has started off loading @9.50.

Something I love about Zenith or the duo with Guaranty is the consistent trajectory, though usually slow; and when you choose to sell, its so easy!

....and there goes UACN!

WAPCO @ 13? Hmmm..... i like your confidence !

sellydion:
Let the crew still dey at standby, WAPCO train is coming at KLM N13

DeRuggedProf:
...Jeremiah, what seest thou? And I said, I see a rod of an almond tree.
Then said the LORD unto me, Thou hast well seen: for I will hasten my word to perform it........


Cc:VCV

My crystal ball tells me DangCem would fall further before any rise, could this be true?

ASI has broken its support, brace for impact! I believe though that impact would be more on high CAP stocks like MTNN, DangCEM, NESTLE, STANBIC, etc. Anyways, time would tell, just my opinion. NSE surprises daily!

You are a wise man.....that's probably all I have to say at this time!

PharmAlfred:
There is low key accumulation going on the FCMB. They don't want to loud it. Those who have eyes must have seen it.

Where Caverton's report? They will likely not disappoint.

I suspected market would end with a doji. Banking stocks are awesome! See you all tomorrow.

The market can move Zee how it pleases, but all I know is: I have entered @ 19 and would wait till results. Its either it gets to 25 or I take dividends and exit at profit. NSE CHOOSE ONE

ebuka1997:
i sold some zenith at 21 for profit, abeg any guys that can move the stock small i'm waiting let it come back let me join the train again.

If Zee closes this week @ ~N21.1 then its a wrap; all passengers would be smiling from next week #MyOpinion

The stock market repeats itself all the time Sir. I had a buyer but i was dragging my feet until I saw this unmissable opportunity in Zenith and it was absolutely clear the banking index was heading for a reversal. So i asked for payment immediately. I am staying on Zee till Result announcement; i bet it would hit 25 or more, eventually.

veecovee:
I don't pray for people any how ooo

I wonder how he knew of this current opportunity b4 placing the property 4 sale.

I even wonder most how he got a potential ready buyer immediately

I was right about this key support......Nice one NSE

Bomboclad:
There is another key support @ 28033. If the market should go that low @ 27k, I would imagine more impact on high cap stocks, rather than the likes of FBNH.... MyOpinion.

ZENITH IS ABOUT THE BEST STOCK IN ALL BANKING STOCKS AT THE MOMENT. STOCK WEY I DEY SURE MUST GIVE N2.50K, AND I SEE IT AT N19. I SOLD A LAND AND JUMPED IN YESTERDAY. I AM GLAD TO SEE IT MOVE.

Mcy56:
This Zenith na weird stock true true.
So it means people knew its a good stock but are just waiting at the sideline to jump in at the slightest good news ni.
Its well o.

There is another key support @ 28033. If the market should go that low @ 27k, I would imagine more impact on high cap stocks, rather than the likes of FBNH.... MyOpinion.

currentprice:
atall

mkt can fall to 27k support if....

below is going to be disaster to the mkt. if happen could for example send fbn to N3

No oh, maybe when i get fed up with US stocks. I see a whole lot of opportunities with the zillions of US stocks, but i am okay for now with NSE

yom2:
why u no dey trade now. U dey fear?

$55.6 now. Oil price will close THIS week @ $56.74 and resume an upward trend next week. No dulling!

RabbiDoracle:
53.87 to be broken again.

You may be right.....time will tell!

RabbiDoracle:
Look well at the chart and see that 53.95 will be broken again.

I don't trade US stocks, but I monitor and chart them for practice purpose only using tradingview; maybe someday.....

Ibrahim505:
Which broker are using to trade us stocks from Nigeria?

Its already $55....never say never! These thing move on sentiments not reality.

RabbiDoracle:
Most companies are still closed in China. Some will resume production next week tentatively. They are not sure sef. So is China having reduced usage of energy? YES.

So this has not changed.

And that is why there is going to be an emergency meeting of OPEC+.

In the meeting, the problem is Russia. All the members have been cutting production since 2016 but non-members don't. While they cut and hope price rise, non members supply. At a point those cutting will stop cutting and decide to sell in the open market and what happened between 2015 - 2016 will repeat. Most of them are complaining of cheats amongst their members who don't cut as agreed.

With declining revenue, let's hope Russia agrees to cut.

UACN looks very good long-term; anyone in the boat at this time should wait for reversal. Critical support sighted at 8.3; if it goes below this point, please disregard my advice to remain in....

Not a stupid decision, its just a matter of time. Zenith would most likely give same dividends as last year which puts you in a good position. Reminds me of the parables of the workers in the vineyard. Whether it falls after you bought it or if others got it cheaper, as long as it works for you eventually, one should be happy.

Jejebabaa:
Thanks sir for checking on me but unfortunately i am still stuck in the market as i used the uba proceeds to buy zenith bank due to greed of dividends yield in Zenith. It was a stupid decision i made though as i could have waited for zenith to bottom and buy lower with more units.

Brent likely to close @ $55.5 today....hopefully.

I am not sure it controls what bull or bear we get in the NSE as i have tried to trace both without symmetry. However, we are hopefully for an NSE rebound soon (in most sectors asides Manufacturing!)

Oil Price would likely rebound in the coming days and weeks (support sighted @ $53). The downtrend has slowed down in the NSE. US stocks are rebounded massively as we speak; their market opened some hours ago. Me I am busy looking for my best entry for tomorrow. Plan your trade and trade your plan.

DangCem would definitely retrace a lil, its a given. But i don't necessarily think that WAPCO would bleed further, just because DANGCEM decides to retrace. I guess we would have to see though but I am cash in hand and waiting for the whistle....

When Warren says "Be bearish when folks are bullish ....", i kinda get the feeling he's talking about a time like this. Let me attempt to apply TA on a chart of oil prices for my own consumption.......

locodemy:
The fall in price of Wapco below 15 lies in the hands of Dangote cement/Buacement.The two stocks are bearish now.I think if their prices continues to fall,Wapco will also adjust backward.

If anything will make Wapco to trade below 15 for no reason,it's a BUY to me.The fundamentals of the 3 cement companies are getting stronger.

The #15 support on Wapco is based on the assumptions the result will be good and if that happens,the stock will go above #15 before any pullback.

Its such a good time to be back to Lagos and to the action on the exchange. Good time to be in cash and not in equity as when the reversal occurs, likely during this week, bargain hunters would be smiling.

I am surprised that our big smart guy abandoned ship on Wapco....not good for his fans who bought at high price. Wapco has a strong support at 15, so as long as it doesn't bounce below this point, than all is well. If it ever tests below 15, even momentarily, please bail if you still in WAPCO.

Look forward to all the smart contributions, its time to make money!