₦airaland Forum

Ucap Update
- taken weeks to shake of post Div markdown effect
- looks like ascending triangle from markdown wt SP breaking above
- SP breaks back above 50dma
- 50 dma remain above 200dma (upward trend)
- MaCD crosses zero on d daily
- RSI kept rising since post div , now well above 50
- found new support at N3.00
-
summary : bullish case remains intact

robobo:
whats your thought on the current pullback?
if so any technical indicator guiding ur position?
wld appr8 if you share

Not sure how shallow or deep but for stocks in an uptrend (where SP >major trend lines, Eg: big 4 banks)
We expect to see prices make higher lows after d recent rally to higher highs (HH) and then continue since nothing moves in straight line

BullBearMkt:
SHOULD INVESTORS SELL IN MAY AND COME BACK IN SEPTEMBER?

Key Questions
-If the economy is improving, will investors shy away from investment, NSE in particular?
-If the economy is improving, why should I sell my holdings in May again?
-If the economy is improving, do I have to go away until September?
-If the economy is improving, can I get fundamentally sound stocks that are not yet overbought and invest in them for long term?
-If the economy is improving, what do I do with fundamentally sound stocks that are in overbought level?

NB: Winning Percentage is the ratio of the number of year stocks appreciated/gained to the total number of years considered
#

interesting

yok:
I see Vitafoam moving to about NGN3.13
CAUTION: This is my personal opinion. The sources of data are assumed to be correct, but you may need to do your own verification of the facts. For any chart analysis, I am available for assistance.

nice one

bears finally taking their turn
#Pullback season

emmanuelewumi:
Just came back from uac property agm. I may have to increase my holdings in the company

how was it ?
its fundamentally too cheap abi

ihedioramma:
Gtb Plc share price is trending within a Make or Break zone of N32.00 plus minis. A strong resistant level since 2014 till date remains intact. A breakout about N32.00 plus will be the beginning of a New Leg-up towards the N35.00- N40.00 range in the Long-run…. BUT,….. A fake-out scenario in 2014 saw a correction from N31.90- N17.00 plus A fake-out in 2015 dropped to N13.25. Is this going to be the final BREAKOUT or FAKE- OUT . If is not fake the bull is coming .

it needs a pull back to rest small sef

FCMB
- just breaking down further . .
- 1.10 support test

OBAGADAFFI:
BullBearMkt, fxuser

What is the exit date for CAP.Plc

no idea boss

Coolcash1:
@bullbearmkt and @fxuser what is the chart saying about GTB because son of man wants to take position

- very bullish on all time frames
- weekly chart forming inv H&S further confirming trend reversal
- further upside in the weeks to come
- we would see new 10 yr highs
(Mkt cap wud blast N1trillion mark for sure)

- lots of patience required for PB

UBA
- intends to raise 500m eurobond

ETI
- growing buying pressure

Fidelity testing resistance upwards
Diamond testing support downwards

smh

Zenith
- buyers rejected at N18 yesterday
- major resistance . .
- sellers have gone to park there lol
- look for support

UBA
- big red candle yesterday
- further pull back expected
- SP likely to break below N7
- wait for it

Zenith

- re-testing N18 early

[quote author=kentoto post=56761393][/quote]price and vol action looks accumulative ohh . .

Diamond
- opened higher at 93k above 89k close on fri on big vol


Transcorp
- breaking above 1.20 . . early

OBAGADAFFI:
BullBearMkt, Fxuser

What is your TA on - P Z CUSSONS


Is it slowing down at any time?

its opening on bid this am wt low vol
the volumes is a concern to me , seems only small trades are permissible
the weekly chart is still positive

kolaish:
@ Tritri, why did you include me in the ban,read my post well.

Dear @Tritri

Kindly re-check your mentions and re-direct appropriately.
MY POSTS are STOCK MKT RELATED.

ihedioramma:
Oil prices rose on Monday, supported by reports that an OPEC-led supply cut would not only be

“Crude oil prices continued to trend higher as the market becomes increasingly confident that OPEC members will commit to a rollover in the production cut agreement .

Brent breaking $54

Emefiele will be happy

Princkez:
Pls can any one tell me wat is going on in TRANSCORP...with wat happend on friday

- opened at 1.20
- bears came in shock the whole place lol , pulled SP to 1.14
- bulls rejected the pull and drove price back to 1.20
- forming Doji (Dragon fly )
- d bears will try again , a close above 1.20 is +ve , a close below is PB

ukay2:
Please what of Dangote Flour Plc....What is the TA....? Any pull back soon?
Thanks

Sorry for the late response
Looks neutral so I'm looking at the monthly to reduce all noise

- yet to breakout
- May 2016 monthly open and close was 3.15 - 5.04 (last monthly break before the rest / PB)
- SP has been trading within that monthly range for 12 months
- patience

UBA

- bullish upward trend , Weekly hammer formation

Weekly Chart:
https://invst.ly/3zpgq


DYDD

#RandomCharts

FBN

- apart from d last 2 wks , last time SP closed > N4 on d weekly was middle of last year
- weekly charts look like a double bottom reversal #imo

#justobserving

fxuser:
GTbank
- the long play
- Inverse head & shoulder formation

Weekly Chart:
https://invst.ly/3zpb-

For more about Inv H&S Chart pattern :
http://www.investopedia.com/terms/i/inverseheadandshoulders.asp

Please this is purely TA ohh.
#DYDD (do your dd)

#Randomcharting

GTbank
- the long play
- Inverse head & shoulder formation

Weekly Chart:
https://invst.ly/3zpb-


For more about Inv H&S Chart pattern :
http://www.investopedia.com/terms/i/inverseheadandshoulders.asp

BullBearMkt:
...from the longer time frame, we have just completed Corrective wave A, B, C after Impulse wave 1, 2, 3, 4 & 5 which started late 2011. We ended another correction last year November and could probably starting another correction OR we are just starting Elliot wave 1

Nice one
- see that price line (28,000 region)
- its a major resistance dating back to 2010 ! Took a couple of rejections before the breakout bull run leading to 2014
- long term chart provide more info

So diamond is trading below Fidelity !
ummm

Race Update:
Fidelity was testing N1 resistance all day , Diamond was looking for support lol.

afo7219:
Na who dey hold this juju stock(oando) from crossing #10 for goodness sake All d witches n wizard behind this fall down n die . oya prayers!!!!!!!!!!!

loll

Tritri:
am biting myself now...sold my UBA at 7.10....

Oga locodemy are u still at ur FCMB ?? I dan take 10% from UBA

there will be room for re-entry .