₦airaland Forum

Even the best also get it wrong. Its how they react that makes a difference.
There are some very decent Q2 and promising set ups still out there.
I don't think anyone here is happy to see others lose money.
I expect some over reaction in price , and we may see some nice entry set ups develop.

robobo:
My Oga (Fxuser and BullbearMkt) i wld appr8 ur help as per above
thank you

UBA
Weekly chart
https://invst.ly/4mxly

Zenith
Weekly chart
https://invst.ly/4mxng


Both:
Weekly RSI in oversold levels . Great
Both closing above 2014 highs on d weekly
Watch Opening price above that weekly close
Just sit tight
Both always pay dividend

Dis:
Have both , very heavy in Zenith.

stcool:
http://www.nse.com.ng/Financial_NewsDocs/19114_FCMB_GROUP_PLC_-_HALF-YR_JUNE_2017_FINANCIAL_STATEMENTS_JULY_2017.pdf

Drop in top and bottom line.

Its line with the Q1. No surprises

Reminder of Q1
Net interest income of N15.5bn, down -4.9% q/q; -9.4% y/y
PBT of N2.0 bln,
PAT of N1.6 bln

Intendy:
http://nse.com.ng/Financial_NewsDocs/19081_NIGERIAN_BREW_-_HALF_YR_JUNE_2017_FINANCIAL_STATEMENTS_JULY_2017.pdf

been waiting for this

Coolcash1:
Nice one @fxuser. This is a TA angle to my earlier post below...

yes boss

Mpeace:
Chief, abeg explain. Me no sabi read charts and graphs. Is it bearish or bullish?

Bullish
- Prices even when they pull back make higher lows . They dont fall to prev or most recent lows
Ex: see GTB . . when it pulled back, it stopped ard 30 and cud not find its way to 25 , making a higher low)

Bearish
- prices break below prev lows and when they bounce , they make lower highs


We have to identify and treat them differently

DangFlour
Weekly
Link: https://invst.ly/4md86
Once u see price break a lower high (trend), u know what to do.

BullBearMkt:

bless bro
I trust you don back test tire lol
I love that monthly chart of NSE ! I remain a student always
What goes up , keeps going up , what goes down keeps going down while people argue why loll
There are so many lessons to be learnt.
The moment the monthly cud not close higher consecutively, it was a sell and time to short** . There was a massive negative divergence also
But you can imagine the euphoria and sentiments of higher monthly closes back to back.
Many were caught on d down trend , they wud be averaging down into d abyss, d buy and Hold wud see portfolio vanish
Leaving d market with emotional bruises for years to come
TA removes emotions and bias of market.
You see it for what it is and not what you want it to be. Very important.
I learn to remain fluid, i can change my mind at any time
cheers always for sharing as it is and not your bias

if in doubt , let the 200dma guide you !

Intendy:
stocks with new 52 week highs

gtb #41.00k
okomu #74.41k
dangote sugar #9.88k
beta glass #60.34k
ETI #16.53k
NB #173.77k
fidson #3.49k
stanbic Ibtc #37.50k
seplat #488.00k
zenith #25.71k
no new 52 week lows

NB breaking above 170
wow

Tritri:
What going on in FO??

the professionals will accept your exit fare at 61.75 and no more for today !

Meanwhile
- stanbic is looking at over taking GTB !
- Race to N40

Forte oil
- support has jejely moved above N60
- if u bought below N60 / N50 . . stay calm

locodemy:
That should be what the stock/price is suppose to do now but not for old people like us but for the newbies who focuses on the rising of stock prices.
If anyone here will hear my voice,the same stock will be available at 4.00-4.30.
Lets watch and see.

no P
for now ! i dont argue with a gap up , esp on above avg volume

fxuser:
DangFlour
opened higher, well above yesterday close ! GAP up !

FlourMill
- opened higher
- breaking N30

DangFlour
here comes d vol

Zenith
- a weekly close above n26 desired

stcool:
But DFlour is not that bad...they could push higher after shaking off the fear. I think its just time they are ok.

DangFlour
opened higher, well above yesterday close ! GAP up !

FlourMill
- opened higher
- breaking N30

fxuser:
Index
https://invst.ly/4lj3c

Weekly Summary
https://invst.ly/4ljdn

stay with d Trend

robobo:
Oga Bullbear

against the background 0f your above contribution, may i ask what is the next minor and major resistance and support level for the NSE, UBA and Zenith
@ Fxuser i wld also appreciate your contribution to same enquiries
thank you

Index
https://invst.ly/4lj3c

stcool:
Some people have a truck load of FBNH. The offer just keeps pouring in.

d sellers broke d N6 support !
nbst

Dang Flour
- plenty overhead SS

GT
- reaching out to N40

Zenith
- just crossing N25 !
- Oga do quick cross N30 , join your mates nah !

lollz

WAPCO
- massive above avg volume !

stcool:
I have a problem with huge increase in domestic retail participation that is not commensurate with Foreign and Domestic institutional for the month of June. Read inbetween the line.
I hope its not what am thinking.

There are no rallies without pull backs , rest periods blah blah
Most Surely , Most certainly , our locals will take profit and shake d weak d hands along !
For trend followers , they shud stick with d long term trend
For swing traders , they better know how to swing loll

stcool:
http://nse.com.ng/market_data-site/other-market-information-site/FPI%20Report/NSE%20Domestic%20and%20FPI%20Report%20-%20June%202017.pdf

Foreign Investors increased their holdings significantly (YOY).

liquidity is d blood of a bull ! in dollar terms Nigeria assets remain very cheap !

Oando
- watch break back above N8 !
- nicely done

pluto09:
Yeah, that is why i dont like a company that is highly leveraged. They will just be working for the banks!

abi oh , so we stay with d banks lol

pluto09:
Which kind yeye result be this. The nse should stop accepting bad result for now, make all these 'cobweb' companies no come spoil the bull run with thier never do well result

loll Line 12 chop all dem hard work !

'' . . . it’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong. '' - Soros


#um

DeRuggedProf:
So you crossed out 'Bear' in your moniker..

OMG
nice one

Zhirinovsky:
But the risk now is above my upper threshold.
Maybe if there is a retracement though.

Noted sir
Looking at the monthly , it at all time highs with no more over head ss above
https://invst.ly/4kxt9
Interesting

Transcorp CEO on CNBC now !