₦airaland Forum

fxuser:
Transcorp
- Weekly RSI breaking below 50 draining explosiveness
- Wkly MACD breaking zero line
- further short term bearishness expected


Dis:
left the building.

Diamond

- similar to above on d short term

dis:
i prefer to wait on d side for the breakout

Transcorp
- Weekly RSI breaking below 50 draining explosiveness
- Wkly MACD breaking zero line
- further short term bearishness expected


Dis:
left the building.

ETI
- SP to test 2016 highs
- weekly still support bullishness
- not a fan f volume behaviour
- but wat a bullish recovery below N7 just under 15 wks ago !

leo1234:
@Fxuser is it possible for a company to declare dividend after the release of result?
It was rumoured that ci leasing will pay dividend by mid year q2 is out and no dividend was declared.

- no idea sir

Guinness
- Weekly RSI at 3 yr high !
- Sp closes above 4-yr bearish trend line on d weekly setting 52 wk high
- also not +ve divergence on d wklt RSI
- not a fan of the volume behaviour
- but worth considering esp if mon opens higher

https://invst.ly/4ssa3

#WeeklyChartObservation

FBN
- pull back & consolidation ongoing
- 8 wks below the N7 weekly high
- long term holders hav no issues , SP remains above long term trend
- a weekly close on vol above 6.38 to 6.40 region is d breakout signal for momentum play !

https://invst.ly/4ss14

#WeeklyChartObservation

Nascon

- doji week also after a breakout from a 3 yr trading range
- test at N14 in coming days or weeks

Nestle
- further upside expected
- SP to test ATH

valacious:
UBA and Access are releasing audited this week

Sit tight in UBA..

interim priced in already

Fidelity
- a Doji weekly touching both ends ! Fri daily was interesting sellers mkt

Zenith
- further pull back expected
- watch for possible support at 22.90 / 23 region

Team Dang Flour
- nice one

dis:
complete exit for us this week

- plenty bears in bulls clothing
- a necessary pull back


dis:
we are taking more profits of d table and & reducing positions till later.

PharmAlfred:
I think 25K is poor. Where is there result?

its fair !
Ex-div markdown is quickly adjusted too

Transcorp
- bearish on d short term frame, possible break below 1.40

feelamong:
http://www.vanguardngr.com/2017/08/external-reserve-hits-2yr-high-naira-appreciates-nafex/

External reserve hits 2yr high as Naira appreciates in NAFEX

Then nation’s external reserve has risen to a two year high of $31.2 billion even as the naira yesterday appreciated to N367.5 kobo at the Investors & Exporters (I&E) window. Data from the Financial Market Dealers Quote (FMDQ) showed that the indicative exchange rate for the window, also known as, Nigeria Autonomous Foreign Exchange, NAFEX, dropped from N368.17 per dollar on Tuesday to N367.5 per dollar yesterday, translating to 67 kobo appreciation for the naira. This is in contrast to the N1.73 depreciation suffered by the naira in the market in the first two days of the week.

EMEFIELE IS REALLY DOING GOD'S WORK NOW

with Brent above 2m , Oil prod up also , and Nafex synced with Bloomberg for further price discovery and transparency. . .
Q3 and Q4 are set to be better dan d first half
political uncertainty is d last uncertainty remaining

pluto09:
Let me say my own before the ogas come;
.daily is bearish
.weekly is somehow and will await further confirmation.
.long time still bullish
.you are not expected to do anything now untill trend is confirmed

Na joke i dey joke o

loll
nice
- further pull back expected
- look at the monthly chart , price trading below prev monthly close !
- first time in over 5 months , price unable to break above prev month close
see: https://invst.ly/4rrwv
- i prefer the access chart set up


Dis:
Reduced exposure , taken profits here.

Maykesha:
Zenith formed a double bottom.

https://trwstockbrokers./2017/08/09/zenithbank-chart-pattern-to-know/amp/

NOT a double bottom ! a double bottom is a reversal pattern. See Continuation pattern below: (for those interested)

****
Continuation patterns, when they occur, indicate that a price trend is likely to continue. What these patterns are and how to spot them will provide the trader with an introduction to continuation patterns.

The Patterns
Continuation patterns occur mid-trend and are a pause in the price action of varying durations. When these patterns occur, it can indicate the trend is likely to resume after the pattern completes. A pattern is considered complete when the pattern has formed (can be drawn) and then "breaks out" of that pattern, potentially continuing on with the former trend. Continuation patterns can be seen on all time frames, from a tick chart to a daily or weekly chart. Common continuation patterns include triangles, flags, pennants and rectangles.

Read more: Continuation Patterns: An Introduction http://www.investopedia.com/articles/technical/02/021102.asp#ixzz4pHQA7C3e
http://www.investopedia.com/articles/technical/02/021102.asp

++
end

fxuser:
NACHO
- above avg vol back to back
- RSI breaks oversold level on daily
- Price breaks out on d weekly and monthly

#JustObserving

full bid
watch op tomorrow !

ihedioramma:
Justobserve livestock for me, are they coming to market or are they in market ? just need there bad news please not play .

inverted hammer !
sellers taking control on d daily chart !
weekly chart looking like a failed breakout attempt but d week is not over

#JustObserving

FBN

- suspicious MM opening price ! (way lower dan yesterday close)
- is this to park d bus ?? #smh

OBAGADAFFI:
DANGOTE FLOUR

2 hrs to shale out profit takers !
very decent

NACHO
- above avg vol back to back
- RSI breaks oversold level on daily
- Price breaks out on d weekly and monthly

#JustObserving

fxuser:
DangFlour
- weekly chart update https://invst.ly/4rch-
- nice break out
- further upside before the shakeout like d brother de do !

Update
gap up again
breaking N7 early

ihedioramma:
If you can not be hold for any loss suffered as a result of this, what is the need posthing it here ? My is fbnh/c&i/fmn/uba/oando e.t.c people that follow me are happy now at the time i told them .

That C/I is so bullish ! The monthly RSI is at all time high.
nice one

DangFlour
- weekly chart update https://invst.ly/4rch-
- nice break out
- further upside before the shakeout like d brother de do !

yok:
NEXT MAJOR SUPPLY LEVEL IS 41,004

The market has been doing well recently. The good thing is that on the major index, although there is a minor supply level around 391124.65 on which a minor retracement may happen. The above level has a major supply there. The effect of this is that we need to see how the index will behave when it gets to this level and then we align ourselves as necessary.

Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation All data used are assumed to be correct, but you may need to verify some of the figures independently

a nice break above much desired !

Access
- found support at N10 over the past few days
- a number big trades executed at that level
- highest week close at 10.40 to be tested ..

DeRuggedProf:
https://trwstockbrokers./2017/08/08/dangflour-chart-pattern-to-know/

Valid.
Quite a number big caps have formed the Inv H&S on d weekly ! Strong reversal signal.
(other examples are : Access, UBA , Nbrew & bebelo)
On d daily, we've had some nice golden crosses to support the move.

#SitTight

Nbrew
- breaking n190 on volume

Coolcash1:
who are those buying Nestle? At N1,121.00... A stock not worth more than 650k....Indeed, Investors behave irrationally most times...

In other news, yours truly is sitting tight on my DF and DS...no shaking at all.

Evidence of foreign participation ! its trading under $3

Princkez:
Pls house is DF on bid??

Opened higher
nice gap up
sit tight