₦airaland Forum

DeRuggedProf:
When I embark on a journey BY ROAD in a bus that has no wipers and it starts raining, I alight. If the driver decide to park for the rain to be over before moving, I rejoin his bus. If he decide to proceed on the journey, I wish him luck.
I prefer also NEVER to cheat a bus driver by dropping ahead of my negotiated bus stop, only to start TREKKING BACK...

OHH-M-G lov it !

DeRuggedProf:
And the majority cut it too late...

Skye bank 2015 Q4 , when d tides turned ! I gave back all d gains and more from prev quarters because of this madness. The trend had gone bearish months earlier on d index .. i no sabi draw trend line sef , talkless of d importance of a DEATH cross that took place months before !



Tuition fee and PHD was paid in full

bolabiyi:
yep...And some traders cut losses too early....

if my position is
-8% (its a major flag), will reduce d position.
- 10% (is not acceptable), i exit asap.

Do not ever average down , its not healthy.

The tuition fee in trading is big losses, its a necessary pain to learn how important risk management is. (hav been there).

The first rule of risk mgt is cutting losses, this will preserve capital and your more sanity. New traders find this very hard and even some old ones, eventually they will come to a clear reality or revelation that this corner stone of what trading is all about and not making money. If u adhere to this , money will surely always come and you will not give it back.

Happy Trading

#RandomRants

Reminder

''Cutting losses short is the solution to many trading problems but few new traders really understand the importance of keeping losses small.''

Good Morning

DeRuggedProf:
Stanbic is already in the ORBIT.
Zenith is around the boundary of EARTH'S GRAVITATIONAL FORCE...

some Doji today at dat 25 level !

BMZK:
Fidelity result is already seen by insiders :"they are either dumping or taking position"

Diamond we have seen. This shud be better
we wait and see

Zhirinovsky:
Hahahah
No be lie!

u de mind Prof

FCMB
- 1.19 support remains intact for now
- supporters pushing back d bearish attack !
- scores: Support 1 vs Bears 1

DeRuggedProf:
Fxuser....

Transcorp
- 1.40 defence breaking down after 30m bullets

Zhirinovsky:
Abeg who is buying all these Guaranty trades of 4.9 million quantities at N38+?

very big boys !

PropertyAsset:
How about Diamond Bank. You have an idea of the or services too? Because I believe the likes of GTBANK are struggling with keeping their customers who are being recouped by these redefined banking services.

just wait small oga
wait for that GT Q2

GTB
- disappointed with d bears #smh

robobo:
musical indeed
wish Zenith wld play same with GT
but seems Stanbic has taken over as the Dance partner to GT from Zenith
or what do u think?

i wish boss ! i truly wish
Stanbic may want to pay most of its earnings as interim and test that forex window works
South africa don tire for nyjer wahala loll
heheheehe

Playing musical chairs
- Ucap, Afriprud
- UBA , Access
- Fidson , May&Baker
- Fidelity , Diamond
lollx

#JustObserving

fxuser:
weekly:
https://invst.ly/4op64

honyFlour
- nice weekly setup , RSI breaking above 69.10
- breaking jejely above 2016 wkly highs !

#JustObserving

DeRuggedProf:
Continuing as a trader is more important to me than dreaming of fat profits....
Capital preservation is my first law, my second law is the first law, to make sure I do not forget the first law...

yes boss ! Capital preservation above all .
my priority is to trade well , profits will take care of itself i beg

fxuser:
Int Brew
- monthly , weekly , daily all looking good
- vol behaviour remains poor
JustObserving

weekly:
https://invst.ly/4op64

Int Brew
- monthly , weekly , daily all looking good
- vol behaviour remains poor


JustObserving

Guinness
- dropping from the mountain top is no joke, (ask FO , d > N300 stocks before)
- but falling knife may have found d bottom, lots of blood spilled along d way
- mummy diageo right issue and vote of confidence may hav helped d firm d bottom
- breaking out is a different matter, falling from a storey building is different from falling from empire state building lol
- Note to bottom fishers: '' cheap can remain cheap longer than you think '' lol
(some will have to learn d hard way)

#justObserving

Transcorp
- WARNING
- further short term pull back expected
- if price is breaking below your entry price ( u can reduce, else brace)
- support at 1.40 region will be tested , if that breaks , 1.30 is d next line of support
- hourly chart : https://invst.ly/4ooib

Fidson
Daily
- negative RSI divergence formed
- negative macd divergence also
- further pull back expected

Zhirinovsky:
Volume
Decreasing volume with a sudden spike in volume at breakout- flag formation.

If the bearish candles are coming with Increasing volume - bear run.
I be amateur o. Wait to hear from
My oga dem

true that : increasing volume esp above avg vol back to back is a different matter if the candles are all opening lower also !

Infinitisi:
Hi fxuser, BullBearMkt and other technical analysts I would appreciate your answer to this question.

If after a sustained uptrend in a stock price you have like 3 or 4 successive days of bearish candles is there a way to determin at that point if this is the start of a bear run or just the forming of a flag formation from which the price should naturally rally after the completion of the flag formation?

Especially if the bearish pressure started at a previously unidentified resistance zone and there was no reversal pattern like an inverted hammer/shooting star?

nice one

IMO ..
- shares alwayz return to their respected trend line
- or they may retest a prev support on d weekly or daily chart
- or u may hav to wait for the shares to close above d most recent daily high or preferably weekly high to confir, rest or pull back (prfot taking is exhausted )
- this ur example can be likened to GTB
- worst case if its a share that d 50dma > 200dma , a retest of d 50 is expected

Tritri:
Ucap has been stock at 3 for a while now...

d most valuable player last season !

BullBearMkt:
...I agree with you, however, a more experienced TA will rather go to a Lower-Time-Frame to look for Bullish-Pattern and enter the stock earlier rather than wait for next daily candle to know who is in control.

I check d 4hr , 2hr for fidvergences for confirmation in d short term swing

August Bears getting busy
- bearish pull

currentprice:
those guys ^"proshare" fully loaded on FO so they can not see the actual earnings to the ordinary holders

_{^{Their opinion}}

This PART: '' FO has a target price of N110.17 (BUY)''
LOLLLXXXXX X X
Analysts ehen . . they wont kill some people
By Q3 , they will say N220 abi

#WhatDOIknow

stcool:

be like say dem load Diamond too !
dem give est target price of 3.20 or sunfim

stcool:
BullBearMkt
Fxuser

What is the implication for the bullish pin @ daily close for FBHN, reisitance @N6.50 .
I have a penny stock in mind would love to exit FBHN.
Pls do your own DD.

a rejection of further down side
also needs to break above that resistance
u can see how it slopes down from the recent high
much needed rest taking place

Top 10 Gainers in Month July
Okomu +36.83%
Dan Sugar +35.41%
NEM +27.62%
C&I Leasing +27.12%
Forte Oil +23.23%
ETI +21.77%
ConRE +20.69%
Zenith +19.99%
7 UP +17.49%
Fidson +15.83%

#MonthEnd analysis