₦airaland Forum

More shaking out to come in all institutional preferred stocks

Manonamission:
All that was left was for me to click SELL at N1.55 when my attention was diverted after I got engaged in a discussion. This happened when I saw the initial bid at N1.66 disappear and price fell to about N1.55.
I have changed my mind about selling now. Tomorrow is another day.

#TRANSCORP

Saw that yesterday , jumped to full offer, shaking out profit takers
Then back to full bid .. wicked
Looking forward to Friday close

Willie2015:
Fx user.. Pls what are ur observations on Presco

very thinly traded for me boss
like dem beta glass.
Got strong fundamentals and will keep breaking out on thin vols

Revibe:
@fxuser What do u think of Livestock?

- weekly looks very decent !
- you know it wants to break out
- patience

DeRuggedProf:
I never insist to fight in ALL weather conditions...

General Sun Tzu will be proud

BullBearMkt:

New week
- looking forward to the 3 penny banks !
- all 3 closed above 1.40 wt decent volume
- i like d price breakout here !

fxuser:
very interesting close wt very big volume on d daily chart
d weekly chart is bullish
wkly close is a 10 month high breaking some major recent resistance
still 65% away from 2016 highs (d next wkly resistance)
will it rest along the way ?? we wait and see

dis:
still bullish here , I added more

also the Weekly RSI is at a 3 yr high
very encouraging to help sitting tight

mercylicious234:
Diamond bank formed a doji on friday BT trading in the overbought region. @ techies, how do u interpret this one?

very interesting close wt very big volume on d daily chart
d weekly chart is bullish
wkly close is a 10 month high breaking some major recent resistance
still 65% away from 2016 highs (d next wkly resistance)
will it rest along the way ?? we wait and see


dis:
still bullish here , I added more

'' Men who can be right and sit tight are uncommon. I found it one of the hardest things to learn. ''
- Jesse Livermore


#NoteToSelf

Penny banks open higher along wt transcorp
#bullishness continues

Offensive & Defensive Tips

- Your entry signals are your offense
- Your trailing stops for winning trades are your defense for not losing your open profits.
- Letting a winner run is your offense, cutting your loser short is your defense.
- Buying a monster stock is an offensive move, planning on how you will exit with your profits is your defensive move.
- Identifying a trend is your offensive play while creating a trading plan on how to trade it is your defensive play.
- Your choice on what to trade is playing offense, choosing your position size is playing defense.
- Your watch list is playing offense choosing how much capital to risk on any one trade is playing defense.

In trading your wins are not permanent and your profits can be taken back, when you score you have to next ensure that you are not scored on. The goal of keeping your hard earned profits has to be far above the desire for making quick money with big risks.

link
http://www.newtraderu.com/2016/04/07/offensive-defensive-trading/

#NoteToSelf

DeRuggedProf:
Words on marble!
Growing with a well balanced and diversified portfolio is the best.
Wherever bulls follow, we trap them.
I still refuse to be bullish on NO GO AREAS even if they over run a cheetah.
Liquidity is key. I no longer swim naked (WITHIUT A TRAILING STOP) again, in case the swimming pool dries up suddenly without notice.
I prefer springing from a rock base than taking off on quicksand....
I acquired an Emotionometer since the bulls took hold of the market....

Profff
soo '' Wherever bulls follow, we trap them.'' GBAM loll
please send me one '' Emotionometer '' i beg
Anytime i get excited . i shut down , head to d gym or cinema.
No room for emotions i beg !


#StayObjective #StayWithTheTrend

'' 2. When you catch a Trend, ride it to the end.

Your system must be able to jump on a trending market, but then also be able to ride that trend to the end. Most new traders will jump out of trades before they are finished trending because they are scared the market has gone too far and will take back their paper profits. Let a trailing stop take you out of a trade when the trend is over, and only exit once you are stopped out.

The trend is your friend except at the end where it bends. -Ed Seykota ''

#Like

pays to be aggressive & defensive in this bullish mkt !

#Don'tDull

bullish Index
- plenty breakouts
- just enjoy the ride

veecovee:
Dangflour! About to wave bye bye

seat belt fastened . .

maishai:
oga fx, pls whats ur take on forte oil.....

support is in place
needs a weekly closure above N50 on good vol to get going
patience

fxuser:
i feel you
similar thots too ! lol
d Dang index have a way of moving together somehow somehow .

Dang Sugar breaks N9
ETI breaks N13
FBN profit taking ongoing (still long term bullish)
Zenith finds support at N20

umm seems invest one down ! !

Manonamission:
The stock is not ready to go on that 'explosive' journey yet. Best decision was to enjoy the rally that went and then plow back profits to this train. Market timing is impossible but why hang in there when some other stocks couldn't wait to give of their goodies.
Personally, I needed Dangsugar to move before taking position in Dangflour. When I saw the bid at N8.21 for the former, I took position at N4.30 for the latter. Hoping the market retracement won't affect significantly, else...

i feel you
similar thots too ! lol
d Dang index have a way of moving together somehow somehow .

soloniger:
which one are you buying, flour or sugar?

i like dangflour and flourmills too (but nice wk +ve charts)
i prefer the liquidity in dang

DeRuggedProf:
PROMISE FULFILMENT::

I am exiting FCMB tomorrow.
Goodluck to Loco.
Heading to Dangflour.
NB: Dangflour is not recommended.

Sugar broke N8 quietly
Like the DAngFlour chart on d weekly too
Lowest weekly close since May last yr was 3.85 'ish (stop loss)
Loads of support and accumulation activity over d last 52 wks
Wkly MACD been hugging above d zero line , wt Wkly RSI inching up above 60
Nice higher vols above avg (Volume precedes price )


Dis:
Been buying gradually and still buying.
the stock has explosive experience

CBN
- making further adjustments
- new directive allows banks to sell excess dollar position
- This is good for dollar long banks like GTB & co
- also good for better forex liquidity within the mkt space and we may see further strengthening of the Naira in d short term
- Parallel mkt at 365/ $ levels
- a stable and liquid forex mkt is very good for consumer sector recovery
- also diesel has been dropping from Over N200 to under N150 (depot) in under 120 days
- let's see how things add up at Q2

UBA

- RSI forming negative divergence
- RSI still bullish above 69.1
- been having mini shallow pull backs
- no shaking yet

Index Summary

https://www.youtube.com/watch?v=efMSwiCBIrs

Stocks gaining over 10%
Mobil , COnoil , FlourMills & FBNH

Pennybank check
FCMB +8.8%
Fidelity +9.24%
Diamond +9.01%

DeRuggedProf:
Do you ever miss out on a budding volcano... ?

loll brotherly
I set price , volume , gain /loss alerts on investing.com
I just keep seeings alerts popping up !
Bulls hav gone crypto-maniac

Forte Oil
- growing bids
- still soaking up

Dang Flour
- just a lil more

fxuser:
Penny banks
- fcmb , fidelity ,diamond
- likely to open above friday close
- gap up sustains bullishness
-

Fidelity don catch FCMB at 1.30
FBN breaks N7
Access breaks N9
Mobil breaks N300
Transcorpp breaks N1.30
Zenith also crossing N20 again
Oando bounces and finds support

Mobil
- strong bid above friday close at 304

pre market

Penny banks
- fcmb , fidelity ,diamond
- likely to open above friday close
- gap up sustains bullishness
-

[quote author=DeRuggedProf post=56389577]- The riskiest time to give or take advice is during a BULL RUN.
- It takes purposeful buying to move stock prices up, but stock prices fall under their own weight.....
- portfolio sizing and money management rules will be discarded now with huge future penalties as oversized portfolios may bleed before exit targets...
- balanced portfolios will be abandoned now for badly tilted portfolios that may not carry shock absorbers in pursuit of 'ON FULL BID'
God help us all.


this PART
'' - portfolio sizing and money management rules will be discarded now with huge future penalties as oversized portfolios may bleed before exit targets ''

Many thanks