₦airaland Forum

Penny lovers are monitoring d 80KoboGang lol

-transcorp 86k
-fidelity83k
-diamond 84k

who will break N1.00 first ?

Mpeace:
oando heading to 6naira

- opened much higher
- been steady above 50dma
- 45m traded
- a higher retest loading

Fcmb
- 1.05 OP !!
- market marker don start en juju lol !

GTB
- SP breaks above 25 , TA looks far better than Zenith

Oando
- 5.66 OP ! ! na wa

Note:
OP opening price
CP closing price
SP share price

fxuser:
Wapco

- weekly RSI looking good
- daily and weekly indicators looking +ve

Opens higher above 50 !

FCMB
- caution
- IF support fails , next support 85 kobo
- RSI below 30 , SP below 50dma
- support needed

Zenith
- SP back above 50dma !
- RSI >60 ,
- more +ve sentiment
- Zenith and GT likely to post Q1PBT > 35bln

Wapco

- weekly RSI looking good
- daily and weekly indicators looking +ve

Yesterday Review
- a strong Monday opening to last week in April
- big caps dragged the index up wt out Nestle
- pennystocks lead the volume board (diamond , transcorp, fidelity)
- a number of stocks opened above friday closing and closed higher (diamond, fidelity, zenith, UBA , GTB Wapco)
- Over 22 stocks traded over 1 mil units

pluto09:
https://www.bloomberg.com/news/articles/2017-04-24/nigeria-said-to-let-market-decide-naira-rate-on-exchange-window

''The first indicative closing rate on Monday was 377.11 per dollar.''

Gradually moving towards a reluctant but necessary transparent convergence level . .

DeRuggedProf:
The one key thing an investor is not sure of in the market is how the market will interpret facts.

yup . .

Transcorp
- big inverted hammer today
- more profit taking expected

debeey87:
The more reason why it has been on rocket propelled engines

bounce back !

PharmAlfred:
The people buying transcorp now are not kid investors. They are mopping up every available offer at any price. Something is definitely happening there.

- very strong bid
-

'' man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do. ''

- J Livermore

#SitTight

Top Gainers this past week

- transcorp +22.78%
- Afri Prud +9.70%
- Stanbic +9.12%
- Diamond +7.14%

the past is fixed and easy to analyse, the future is fluid and uncertain
- Alexander Elder


#random

DOLLARTEX:
ucap disposed their insurance asset in q2 16 which enhanced their q2 last year!i dont think they can beat that this year unless they put up tony for sale!

lolll @ tony for sale
NOchill

yom2:
we know what they do and where they are comin frm, d big question is; what has changed?

- oh well , i didn't know. .
- 2015 Audited report offers some good insight to the changes

FCMB
- open at N1 , closed at N1
- plenty indecision here
- caution

FBN
- found some small support

Transcorp
- big week , big vol , big gains
- go soon pass FCMB at this rate lol

and be be lo #TGIF
have a good weekend

Coolcash1:
Tony's magic at work... Whats the resistance level...Thinking of hopping into the bus..

- next test is n1 , if it closes on full bid today
- sellers will re group and try again loll

fxuser:
Airservice

- sumfin is cooking here

loll

- even the seller de form Ghost Mode !
- 2.4m traded quietly and you wont see any bid greater that 50k #chai

#justObserving

FBN
- rejection from resistance (big red candle yesterday )
- pull back ongoing
- where is the new support ??

Airservice
- this is the ghost gainer of the year , up +50% YTD
- average units traded daily is under 1m
- I noticed trades going thru at N4.10 . . wait a minute
- charts look good , weekly and monthly super bullish

What do they do:
'' Airline Services & Logistics PLC was established in 1996 to provide catering and related services to airlines operating within the Nigerian aviation industry. The company operates international standard inflight catering facilities, lounges and restaurants at the Murtala Muhammed International Airport, Lagos and the Nnamdi Azikwe International Airport, Abuja.''

link:
http://aslafrica.com/content/profile

- I then searched for their Q3 . . aargh arrgh (check for yourself)
link:
http://aslafrica.com/sites/default/files/Financial%20Results%20for%20Publication.pdf

- sumfin is cooking here


loll

Transcorp
- taking out all the sellers , breaking further

Love this part:

'' Success comes to those who realize that Pareto’s Law dominates the distribution of returns. Only a handful of trades a year will account for the majority of profits. It pays to sit and wait patiently for those fat pitches to come along. ''


See link above

Goof read

Link:
https://macro-ops.com/lessons-from-a-trading-great-amos-hostetter/

#trading

Random

''If one does a little “dreaming” about the possibilities on both sides, then he is in possession of possible explanations for surprises, and will be less hesitant to act if and when they come.'' - Amos Hostetter


''The pure fundamentalist concerns himself with production, consumption, stocks, and other basic economic data, viewing these as the causes and price as the effect, while the pure technician regards price as its own cause. In fact, to draw a sharp line of choice between these two approaches is not the best policy. Price itself should also be regarded as a fundamental. It can play the role of cause or effect or both under different circumstances.''

''a bear market that has persisted for a year is unlikely to form its bottom in a week, nor is a two-month bull market likely to take a year to form a top. A trader should keep in mind the duration of recent major moves and expect commensurate time periods for the formation of the current pattern. (Patience is an important virtue — hastiness rarely pays).'' - Amos Hostetter on Time and techniques


#meditate

'“Take care of your losses and the profits will take care of themselves.”
-
#quotes #moneyManagement

Forte Oil
- continues to trade flat , finding some support around 45 region
- wait

Afriprud
- tends to trade within a range (2.40 +/- lower region to 3.20+/- upper region)
- +ve RSI divergence
- Macd crossed signal line on 16 mar
- macd continues to be drawn towards zero line
- (increased +ve sentiments )


#JustObserving

fxuser:
Fidelity
- support is overcrowded
FCMB
- SP at tested support area

- support finds support

Coolcash1:
FBNH on full offer...Is the result bad?

- 1st bustop
- loading new passengers , transport fare is 3.61
- old passengers manage 3.61