₦airaland Forum

Mcy56:
Some guys are codedly packing it.....more of cross deals sha.

- positive div on bigger TF shows bearish exhaustion

Price action check

Swing / position traders
- so far price is above previous week ignore the daily noise

Long term holders
- price needs to be above prev monthly close , everything else is noise

trying to keep it simple

Uacn
- pull back found support, held above N6 all last week to close 6.20
- order flow looks positive
- seems we have a higher low on the big TF (uptrend behaviour)
- expect higher weekly close

#SwingBuy

Wema
- also ready

#swing

there will be profit taking at some point , book urs too
#access

zenith
- price gap up is a trigger , once day low > prev wk close , MM has shifted gear


#swingBUY

BAMOFIN1:
I will be happy if the gurus can give their views on the proposed takeover of ccnn by obu cement. Is Uchetoba right when he said the shareholders of ccnn are about to be shortchanged? Waiting for guidance as I am exposed to ccnn. Thanks

interestingly , very positive price action at d close of d week on vol . .
so far, price is up +62.04% above the 52 week low of 10.80 set in June
trend is not looking back sha, ff trend

currentprice:
today mkt is very crucial. real direction will be determine

EKUU awaiting o...

DeRuggedProf:
Zenith normally has too many enemy lines along its way.
It hardly passes one village before it meets another mortal enemy.
It seems Zenith has more resistances than a Resistor.....
Zenith should better learn to ignore some battles and focus on the War.....

loll . . na real mortal combat

NSE banks
- there will be pull backs going into the yr end and all but the downward structure is broken, so fear not
- price forming higher low and closing above the 50-ema is very positive into corrective moves
- breakouts shud not be ignored (study access weekly chart and brk abv N7.00 RR)

BullBearMkt:
Let GTB & Access Be Leaders, But Time to Buy Zenith Is Now
Zenith Bank has for the past 3 weeks testing the pin-bar created in August, this seems to be holding the stock price firmly along with decent volume. With GTB and Access already on the run (bullish sentiments), this could possibly be the right time to key into Zenith bank SP for a higher-high.

PLAN YOUR TRADES AND TRADE YOUR PLANS

yhup yhup

Weekly performance:

Top Gainers
Law Union and Rock +30.95%
JAIZ bank+18.37%
Access +17.95%
FCMB +16.25%
UBA +13.79%
GTB +13.49%

#FUGA (Z)

Top losers
Unilever -26.59%
International breweries -25.40%

breweries ehnn

RabbiDoracle:
All above the kumo except Zenith.

Zenith case is different. It could go above the cloud in just 1 day if it does 10% gain in a single day.

So next week is critical.

Expect slight retracement of some stocks as profit takers come in.

If people take profit and the stock rebounds with speed, it shows that the bull is resilient and the momentum strong.

cool stuff
swing traders shud look at d ichimoku on d LTF (1hr to 4hr)

RabbiDoracle:
Let me explain what I mean by MMM scenario.

Since people will be looking for where to place money especially now that there are many rejections of Tbills placements, they will want to test the NSE. These could be newbies looking for where to get good returns.

They will do a quick one and get like 20% in 2 weeks after selling (more than what Tbills give in a year). They will be excited.

They will go in again after a week or more (remember price is going higher) and make 30% in 1 week. This is far more than what Tbills pay in 1 year.

Greed sets in and they will get more money to hit big. They go in and don't come out anymore.

This is MMM scenario.

hehehehehe
#deep

FUGAZ don turn to AGUFZ
lol

#swingBUY

Mcy56:
lol. Very lazy. Together with its bros, Zee.

plenty overhead to clear

quick question fam

someone sent me this :

Quote:
I want to use Amibroker charting software to follow and trade Nigerian NSE. This will involve importing past NSE data and linking to real time NSE data feeds. I believe I can do this myself but it will take some time. I observe that some people are already using Amibroker on the NSE. So I wonder if you know any such people who can help set it up for me. If the cost is not high it maybe worthwhile. Thanks. ''

End quote

anyone got any idea?

Coolcash1:
Oh! Access my Homie!...I knew you would bring me goodies...

Oya take this for more energy...

lol

BullBearMkt:
...JIJO is easier on NSE than NYSE or NASDAQ. Swing trading is much beta

yhupp

Coolcash1:
Gents, i still await your revert on the above request.

- topped out , fomo gone
- short term bearish, back below d 50-ema
- testing prev support N13
- break below not a good thing for longs

MTN
- technical breakdown , not good

Zenith
- weekly close above that N17 sets the higher low . .
- next technical test is N19
- same stuff with most banks

#swingBUY

Access
- chk d wkly chart
- firmly above long term MA's

Intendy:
Stock with new 52 week lows

Guinness #23.30k

Stocks with new 52 week highs

Consolidated hallmark #0.41k

Access Bank #8.30k

52 week high begat 52 week high

FCMB
- wt fidelity price up over +30% from yr lows ! FCMB been finding ss ard d 1.60 for weeks
- possible corrective swing to d upside, any weekly close break below 1.60 invalidates d narrative

#swingBUY

Access
- d only golden cross have seen

Zen
Update
- firming the 17 support level
- gapping up today (note DAY LOW > prev close
- price action favors a swing trade, TP 1 wud be possible retest of prev resistance (RR) N19 levels
- if that breaks , we wud see a higher high and N19 wud be support

pls manage ur trade , not financial advise

DeRuggedProf:
Crocodile's spouse....

- however , holding above prev weekly close , price is quickly forming a higher low on d big TF (see UBA weekly)
- d 52 week low possible re-test bearish narrative just got pushed aside , previous sellers will likely pause
- tnx to omo corridor squeeze ,TB mkt also feeling d gbedu , bonds <13.5% , TB <12%
- PFA's need dat cash to go somewhere
- selected equities shud find some further support and possible retest recent failed brk RR levels into EOY

#banks #buy

arduino:
Nobody is bidding above 17.10
Una bad gan.......

strategic mopping

pluto09:
Good to see you here again
TA speaking, can you share your thought on some of your best picks going into 2020


CC:

BBM.

very tough mkt .. volumes can quickly dry up , so potential breakouts always failing . .
im guessing the dividend bias shud make d potential higher yield givers d first choice ..

Zen always lagging smh , , , but got some questionable support at N17 with +ve div on LTF

fxuser:
- good vol
- higher weekly openings
- buy orders vexing

dont sit in cash oh . .

Order books on favoring a few like gtb, uba, fidelity, access even FBN !
FBN at least breaking above 5,30 for first time in like forever . .