₦airaland Forum

Zenith
- support ard N20 -N22
- lets see how fri closes

Access
- break below N10
- long over due PB ! (same with penny banks and transcorp et al )

Zenith
- support ard N20 -N22
- lets see how fri closes

Access
- break below N10
- long over PB ! (same with penny banks and transcorp et al )

FO
- still long term bearish
- watch for support ard 45'ish region
- short term players be patient #wait

Nbrew
- we remain bullish
- posted the inv H&S prev wt d brk above 150 entry !
- SP broke 52 week highs
- more to come


Note:
this stock is very slow and defensive.
Good for buy and hold type of investors for ''now''

Livestock
- 90 kobo support held for days
- SP above 50dma
- weekly RSI breaking to 3 yr high
- growing bids
- daily looks like ascending triangle
- needs to test recent high and brk with volume

dis:
not a fan of the liquidity behaviour

“The market moves in ways that will consistently tempt you into believing you don’t need to follow your rule this time” – Mark Douglas

“Two of the cardinal sins of trading – giving losses too much rope and taking profits prematurely – are both attempts to make current positions more likely to succeed, to the severe detriment of long term performance”

– William Eckhardt

Livestock
- sumfin cooking
- increased vols dis past week ,
- SP kept finding support above 90 kobo forming a weekly doji
- SP trading above 50dma on d daily

ETI
- strong price breakout
- weekly remains bullish !

- paper profit is not actual profit
- lts booking some day
- some stocks need a breather , who knows !

ETI
- strong breakout

Big banks
- bulls looking fatigued


Consumer sector
- new support levels holding up !

Processor01:
FBNH - Are you looking at daily because the weekly looks quite different.
What's the new support you see?

my focus is on d resistance
u wud notice that prices keep hitting d resistance
never really pulling far away, so buyers are still in d game
so my attention is more on how mkt is consolidating ard this area
Ex: 88m traded today ! big vol wt d lowest day price rejected again
u can guess whats happening

Transcorp
- find weekly chart update : https://invst.ly/43wzc
- we are now approaching 2016 high price range
- d bears ard this area are not kids loll !
- charts are bullish but we cannot ignore d resistance ahead
- its a tested psychological area,, expect shakes



Dis:
will bank some profits ard here , however a '' weekly close '' above 2016 high is a confirmed re-entry for continuation
it shud break but i prefer to come after d break.
safe trip guys

PharmAlfred:
And some one just bought 10m units of Zenith bank.

What is waking up Skye bank?

The three musketeers (Diamond, FCMB and Fidelity) have started trading side ways. Looks like the bears will have this week.

penny banks taking a much needed rest !

Gtbank / Zenith
- well rested
- pull back found support
- um

veecovee:
what's d rumour on dangflour pls?

Dang Flour
- looks like a proper shake out !
- friday will clarify

Manonamission:
Bears fighting back

can't blame dem , they must try !

OBAGADAFFI:
Dividend payment Closing on 19th – 23rd June 2017, might be responsible for that break out.

nice one

Manonamission:
Bulls not backing down

#Transcorp

opens higher again
touching N2.00

ContiSure Nig
- see Weekly Chart below
- a good example of RANGE bound (very wicked to fundamental long term holders)
- SP just breaking out of a 3-Year Range
- watch further up-side


Chart:
https://invst.ly/43v3l


Dis:
Don't own any . Just saw d break out alert

mercylicious234:
Don't mind them. What a good time to update on their capital raising. I just Jo as soon as I got the info DT they' wan use raegae spoil my blues. ' still in diamond sha.


Oando plans to list additional shares.

Yeah, I JO'd too , will come back at d support. The stocks carries lots of emotions wh is good for volatility
I think dem Oando have added the shares
Chk Intendy posts , he confirmed it yesterday or so

DeRuggedProf:
We are waiting....

brotherly
Been listening to Alexander Elder all over again , every morning & evening.
It took my game and confidence to a whole new level..
I remain fully aggressive and defensive
Thanks again.

Forte Oil
- Still trading below d 200dma (long term bearish)

yok:
the chart is from: https://markets.ft.com/data/equities/tearsheet/charts?s=FBNH:LAG

Looking at today's closing figure for First bank. If the price deccrease continues for the next 2 days. I am out!!! This is on the condition that price close below (body of candle not torching the chart again, I exit the following day) the 9 period EMA.

Caution: This is my personal opinion.

FBNH
- nice chart share
- its forming a pennant (continuation pattern .. chk UBA , Access prev weeks , us hud be able to spot them)
- investors have to settle to the new price range
- after an such explosive move , u wud see ''FLAGS & ''Pennants''
- investors are still racking their heads at '' WTF just happened'' before acceptance and continuation
- Check GT chart also , u wud see similar Pennant pattern forming (also called symmetrical triangle)

Nice one


Dis :
I'm looking to avg up, before 2 wave. Stocks remains above 50dma & 200dma

Pennybanks
- rejecting their day low on volume
- trading below d day high (and below prev day close )
- looks like a Doji today
- look forwd to friday close for further confirmations

GT / Zenith
- both finding support at new price levels

FBN
- still shaking of profit takers and looking for new support level

Intendy:
The equity price of AIRSERVICE was adjusted today 13th of June 2017 for a dividend of N0.177 as declared by the board of directors. The last close price was N4.70, hence the ex-div price N4.52

thanks always

we can either swim with d Tide or stay out of the water

dis:
na submarine i de

weak entries wud be shaken out !
strong entries wud be looking for supports to avg up !

[quote author=fxuser post=57471638][/quote]Transcorp touches N1.82 . .
Weekly resistance just above N2
buckle your seat belt

Yayira:
now i know morgan capital customers are the panic sellers. see how one day shtdown changed things

loll

Consumer sector
- Naira gains, lower dollar cost
- improved forex availability
- strong margins
- with lower fuel cost
- all positives for consumer sec
- looking fwd to d industry leader Q2's