₦airaland Forum

Transcorp
- slight caution before i forget
- -macd and RSI forming -ve div on d daily , dat n1 looking problematic in d short term
- support at 95kobo region
- nothing wrong with taking some profit here and come back in when it breaks above resistance or re-enter at support if short play ohh
-

GTB / Zenith
- remains bullish for now
- sit tight

Fidelity
- full bid
- breaks 90kobo !

Stanbic
- full bid
- Wkly Rsi remains bullish

Zenith
- SP opened above n16 major resistance on d daily
- the weekly is very encouraging

Fidson & MayBaker
- the breakout continues

locodemy:
Hello my people.Just to say hi.I was thrown out of the forum since last week.I dont know if the drinks i gave out was against the rules and regulations of this forum.........I want to know what was really my offence so i can take precaution.
What does CURRENTPRICE know about my suspension?He said it and it was done.

That happened to me before !
Sorry about that
Welcome back

BullBearMkt:
...whenever the bulls are tired of "bullying" the bears.
After 12, the next resistance level is 20! Thursday OANDO at the exchange is critical

lolz

Fidelity
- opens higher


Transcorp
- opens higher also
- N1 junction test is not over

Oando
- further breakout
- SP breaking N8.00

Fidelity
- break above 85 kobo resistance
- macd crosses signal line and above zero on d daily
- very decent short term set up

Fcmb
+ve macd div develops further .

lancee:
Funny Mkt ..While some pple were waiting @ 2.80 junction to mop up

be like say the bears no get the memo
dem ff baba go london

#justkidding Oh

OBAGADAFFI:
Zenith kissing N16

a close above wud be a good start !
this same N16 was a major barrier Pre-Div sef

fxuser:
FBN
- post exDiv not looking that bad . .

Breaking above Ex-div early ! umm

Oando
- umm gradually breaking out further on decent volume , taking out sellers

pluto09:
Yes,na wapco jnr sister but she fine well well pass her sister.

loll
any which way they ff each other

FBN
- post exDiv not looking that bad . .

OBAGADAFFI:
Same for MAY & BAKER

i looked at both charts ! d weekly RSI breakout no bad
nt sure about the liquidity, lets see how d week ends

Intendy:
The equity prices of the following companies were adjusted today Declared (N)Last Close Price (N)Ex-div Price (N)
AIICO Insurance Plc 0.02 0.55 0.53
Nestle Nigeria Plc 10.00 744.99 734.99
Medview Airline Plc 0.03 1.43 1.40
FBN Holdings Plc 0.20 3.62 3.42

Thanks for this and for always.

pluto09:
My regret! Didn't pick ashaka early enough.
People are not willing to sell again! Mad!!

Ashaka is Wapco jnr sister abi ??

willyvicky2000:
Please house, is anybody with news behind the raise in the share price of Oando.

Timing trades with news is not efficient and can be dangerous !

@bullbearmarket gave a good hint weeks back with stop loss and possible breakout. I also said the chart looked bullish. All na probability

By the time ''news '' if any hits d market , one would be coming in at a expensive point

but no new News in d market , Oil remains below $50 sef

Fidson
- strong breakout . . wow

Mpeace:
I am beginning to hate Zenith bank stock. The thing done become joji peoples delight. While other stocks are busy gaining, the stock just dey dance front and back.

Patience . . give am time !

FCMB / Transcorp
- both opening at 1
- lets see how they close the week

Pre mkt not looking bad

holm:
http://www.nse.com.ng/Financial_NewsDocs/17790_FBN_HOLDINGS_-_PRESS_RELEASE_CORPORATE_ACTIONS_APRIL_2017.pdf

My Chairman, page 2, Note 2 for your info.

Post-Ex Div action loading

Friday:
Nigeria ETF dropped 11% on friday, closing at a new all-time low. Since its inception in April 2011 it's down 73%. $NGE


I think the ETF adjusted to the new window (devaluation effect) !

Top Gainers

Fidson +43.64% (nawa)
Oando +24.05%
Livestock +16.22%
NACHO +15.20%
ASL +14.25%
FBN +14.2%

Week To Date

NSE 30 +2.41%
NSE Bank +3.64%
NSE oil&Gas +3.45
NSE Consumer +2.98%
NSE Pension Index +3.34%

Very bullish start . . to a MAY.

holm:
Monday is the mark down date for FBNH

Who move to Monday !

Total
- caution
- SP support above 200dma looking shaky
- MACD stays below zero and below signal line
- Weekly TA bearish still

pasuma:
Oga FxUser what do you think about OANDO, BUY, HOLD or SELL ?

umm

I wont mind buying the Pull back
I wud also like to hold
but there is nothing wrong with taking some or all profit too
+++
The truth is what was your initial strategy or expectation!
Are you in for the long term = just hold
Are you in for the short term = if profit target achieved , take some
Are you a trend follower = if price is still above indicated trend , stay with the trend

i hope this helps a bit .

Manonamission:
Concerning the discuss on Fidson and its unimpressive audited result, I would like to add that results are not the only yardstick the market uses to evaluate a stock. Information and potential in the foreseeable future is equally important.
I actually procrastinated on a Fidson position when it was trading at about N1. I don't have any insider information but if the FGN has decided to conserve forex and instead opt for local patronage of Pharma companies in the fight against diseases outbreak, then we can expect an improvement in the fortunes of these companies (those with the capacity, qualification or required foreign partnership o). We experienced Lassa last year and now meningitis. Who are the key players in this fight against these outbreaks? Any leads?

The above could be mere ramblings that have no bearing to the happenings in the market.

very valid , not mere ramblings .

FCMB
- positive MACD divergence on lower time frames