₦airaland Forum

Agbalowomeri:
Catching stock bottoms is sweet though

holding above the trend even better

swilo:
In fxuser voice...

- 52week low beget lower lows.

and once price finds support above last 52 week low , thats the first higher low breaking the bearish structure


#reversals #nice

DeRuggedProf:
He mistakenly entered a heavy Ichimoku cloud and his personal Ichimoku pilot lost contact with the control tower.
Investigations are still ongoing.
Buhari ordered THE NAVY to search all clouds and produce him this month....

lol Prof

E ku Trend Reversal / Correction

BullBearMkt:
Oil may have found its bottom, now ready to rally or range...

cud nt ignore dat daily positive div ... all correct

sky2891:
Thank you
Please, Transcorp too

umm
https://invst.ly/9oco3

sky2891:
Please, what's the resistant levels for Wema?

Weekly Chart
- highest weekly close in last 20 wks is 66kobo
- wkly macd is above signal line
- wkly rsi approaching 50
- price is also trading above its 50-ema
- daily macd above the zero line
- many things looking good bros , further brk out expected

cheers

Yayira:
....And by His grace we will not miss any

Amen

Mode

Happy New Year

Index changes

Wema
- trading above prev weekly close
- nice ff thru ...

Jejebabaa:
What is the chart saying about FCMB and Fidelity pls?

both holding well above 50-ema

#noshaking

diamond
- still above prev closing price despite d small profit taking by mkt

strong hands full grd

BullBearMkt:
...has market opened?

yes oh .. since

diamond
- d tashere 100k units sold today


disclosure

mendes911:
Those with slow fingers will probably get burnt today. Maybe!

chief trader . .

Northeastern:
Oga, what is the chart saying about the results?

Once you're done, also tell us what the chart is saying about the proposed 25 kobo dividend and 1 for 4 bonus.

- lollx charts dont say shiii my brother, nfact if ur nt careful , u start to see wat u want to see sef (#bias)
- they only show ''possible'' path of least resistance , d rest is left to mr mkt to decide
- vitafoam has been trading above long term MA's sef , and even hit a 52 wk high 2 wks ago #breakout
- seems mkt don de price in dis fye sef , dont see wats stopping it from making new highs

https://invst.ly/9njal

52 week low alert
- DangCem (index mover)


#plsBringBackIntendy

Vitta foam FYE

http://www.nse.com.ng/Financial_NewsDocs/24675_VITAFOAM_NIG_PLC._FINANCIAL_STATEMENTS_DECEMBER_2018.pdf


PBT 601 mln vs (127) mln y/y

#mattress

DeRuggedProf:
stockbrokers have indeed made money today.

I reviewed my trading this week and discovered I have to get more discipline.
No wonder my broker was all smiles that last time we spoke.
I have really worked very hard this year for those guys, much more than most of their staff, and I am not on their payroll....
I will be a very lazy client next year, God willing....

lollx make broker chop nah !

Mcy56:
UP OGG and crew members! You guys won in Wema's tournament today.
Monday is another day Abeg dont mind me o.

i like d action there ...

sillysassysally:
I totally agree with the technical information and strategy buy beyond that, don't you think a transaction might be brewing?

Look at the some of the stocks that investors were really wary about this year, you'll notice that there was later a "turn-around" (e.g DIAMOND and FO). What if OANDO is equally working on a transaction that'll spark some serious bargain hunting?

One may also profit from the range; OANDO never stays below N5 for long, just as UCAP never stays below N3 for long.

ur right
one can buy d lower range to sell d upper #allGood

onegentleguy:
Yes, I believe its a shakeout !!
With FO, TECHNICALS is still very much intact !!
Current price(day low) of N32 is still well above all key moving averages... including the pivotal 200 sma(@ N29.48).
The interpretation of this is that the expected PE investor(long term in view) who would supposedly buy up the 75% equity stake is 'still very much around and kicking' !!

This is clearly profit taking at work. I expect price to continue the uptrend in due course. When? ...I do not know. ...the market dynamics shall determine that.

CAVEAT: Just a feedback. ...not a recommendation !!

Cheers.

i share same sentiments . . much needed after a +70% gain in 3 wks

#Like

fxuser:
the beers wars for market space has driven the quality of beer across board .

Int brew
Weekly chart

- get own vol challenges (ex: just 3,400 traded on d last day)
- however rate of decline practically slowed down , price is trading within a range (accumulative tendency)
- price spent d last 22 weeks btw N35.20 weekly closing high and N29.45 weekly closing low
- 18 weeks btw N33.55 weekly closing high and N29.45 weekly closing low
- still bearish but not like before , clearly its found some short term support ard n29-30 levels
- a close below d lower level is a red flag or stop loss
- while a price close above d upper level signifies positive upside possibilities (PUP)
- some may choose to buy ard lower range or wait for a breakout

chart
https://invst.ly/9nemv



dis:
plz cud be very very wrong

Trading Range

Recommended Reading:
https://zerodha.com/varsity/chapter/dow-theory-part-2/

Quote:
The concept of range is a natural extension to the double and triple formation. In a range, the stock attempts to hit the same upper and lower price level multiple times for an extended period of time. This is also referred to as the sideways market. As the price oscillates in a narrow range without forming a particular trend, it is called a sideways market or sideways drift. So, when both the buyers and sellers are not confident about the market direction, the price would typically move in a range, and hence typical long term investors would find the markets a bit frustrating during this period.

However the range provides multiple opportunities to trade both ways (long and short) with reasonable accuracy for a short term trader. The upside is capped by resistance and the downside by the support. Thus it is known as a range bound market or a trading market as there are enough opportunities for both the buyers and the sellers. '' end quote

Other ex: Oando

4601CE:
Thanks boss .
But you go fit please manage this trophy lager beer till we get that 18yrs glen

https://guardian-ng.cdn.ampproject.org/i/s/guardian.ng/wp-content/uploads/2018/02/Trophy-larger-640x360.jpg

what is your chart saying about intbrew? I need a review so bad

the beers wars for market space has driven the quality of beer across board .

Int brew
Weekly chart

- get own vol challenges (ex: just 3,400 traded on d last day)
- however rate of decline practically slowed down , price is trading within a range (accumulative tendency)
- price spent d last 22 weeks btw N35.20 weekly closing high and N29.45 weekly closing low
- 18 weeks btw N33.55 weekly closing high and N29.45 weekly closing low
- still bearish but not like before , clearly its found some short term support ard n29-30 levels
- a close below d lower level is a red flag or stop loss
- while a price close above d upper level signifies positive upside possibilities (PUP)
- some may choose to buy ard lower range or wait for a breakout

chart
https://invst.ly/9nemv



dis:
plz cud be very very wrong

4601CE:
Fxuser , how can I see nse30 and nse50 list please ? You mentioned it sometime ago .
This NSE website is something else

mkt data > trading statistics > indices

ur bill is just one 18yrs Glen to kick start today

234ng44uk:
Did you find answer to this question?

- most big broker can sort u out
- if u want big vol, chk exotix .. they give good rate
- if u cant do d minimum 100k usd , chk with investment one, they can do 20k minimum i think
- yh diamond hit 30% at d height of d fear sell off before ralling to 20% .. maturiing q1

maishai:
I have sighted the full moon... The real Bull returns in 3 days time.

valentinenwoko:
Any corporate news on transcorp that is pushing the price upward

- dat small move ! !

fxuser:
penny bank race

- FCMB and Fidelity MM no like wetin diamond de do lollx

FCMB// Fidelity (pennybank)
- d trend is ur friend

Bigbanks
- d trend is almost your friend

recomm
stay with ur friends


#HappyWeekend

OBAGADAFFI:

- now now dem soak 650 million .. jesu
- volume precedes action

penny bank race

- FCMB and Fidelity MM no like wetin diamond de do lollx