₦airaland Forum

Tritri:
FCMB


Full Offer ..

na wa ooh..A whole FCMB....

- na so we see am
- all d hunters de Fidelity junction
- Exdiv will throw RSI into oversold region tomorrow !

DeRuggedProf:
.

loll @ dis ppiccc

#dead #lwkmd

binaflexia:
I said it yesterday the rally was getting weaker. It is no rocket science.

- SP don break N1.00
- 40m traded by 10.45 (soaked all the liquidity)

fxuser:
FCMB

- last day before closure
- no activity ! haba
- that 14kobo na d wahala
- 14kobo at N1.00 is not in the same league with 10kobo at N1.10 (monkey hunters no send fundamentals #nawa)


Markdown analysis
- if Sp closes today at N1.10 , Ex-Div will be N1.00 ( a major support area)
- that support will be strongly tested tomorrow and one shud expect further pull back into a bargain zone
- the question lies hanging . . .
- this market ehn '' no be small thing '' , leem face my RR excel

imagine on full offer sef !

OBAGADAFFI:
MM dont want Fidelity above N1.

This MMs are too greedy

that N1 don turn full blockade ( umm smart money is taking profit, they sell into strength ) !

FCMB

- last day before closure
- no activity ! haba
- that 14kobo na d wahala
- 14kobo at N1.00 is not in the same league with 10kobo at N1.10 (monkey hunters no send fundamentals #nawa)


Markdown analysis
- if Sp closes today at N1.10 , Ex-Div will be N1.00 ( a major support area)
- that support will be strongly tested tomorrow and one shud expect further pull back into a bargain zone
- the question lies hanging . . .
- this market ehn '' no be small thing '' , leem face my RR excel

Coolcash1:
Sellers don dey tire nah...Overpriced stock.

- umm buyers get plenty work
- N0.80 - N1.00 is more than okay for smart money !
-

Fidelity
- 37m bid vs 25m offer
- um

Access
- SP above 200dma but below 50dma
- SP always respected the 200dma since breaking thru post dividend last year 2016
- it bounced off 200dma after this recent post div mark down but its still going to retest N6.00
- RSI below 50 but above 40 ( umm.. manageable )
- lets watch the retest and see if it finds support (this is where Q1 helps)

For long players
- the weekly shows a pull back from the upward trend
- Since the bearish move in 2013 , trend changed last year May and been on HH and about to make a HL
- that N7 was a major resistance in 2015 , SP went on to drop below N4.00
- N6.00 shud hold ! but we wait

[quote author=OBAGADAFFI post=55496426]Yes sir

Axa
- SP below 200dma , 50dma & 20dma (bearish trend)
- very low volumes, total weekly vols typically under 1 m units
- without volumes oscillators are somewhat not helpful

DangFlour

- umm
- monthly chart RSI looks good
- weekly Macd been horizontal just above zero
- its been range bound after that massive rally last year
- we can't ignore that last week breakout
- Fundamental analyst will be analysing that FYE and upcoming Q1

Note:
its a low volume stock (weekly vol usually < 5m units)

Dis:
please not a recommendation , just observing and sharing random thots


What do you guys think ?

UBA
- shaking off post div sellers
- Sp stays above 50dma & 200dma (very +ve)
- no shaking

Access
- ummm i prefer UBA chart outlook #IMO
- SP below 50dma but above 200dma (long term +ve)


Dis:
not recommendations , just observing
based on TA , if i were to choose , UBA for sure

UCAP
- nice red candle yesterday , long awaited pull back
- SP rejected at 50dma !
- (however 50dma still above 200dma sig long term +ve trend)
- buyers just need a water break
- watch for support for re-entry
- long term holders need not worry !
- short term players watch patiently for re-entry

Chibuking81:
14th April is good Friday (likely public holiday)
15th Saturday, 16th Easter Sunday.
17th Easter Monday (likely public holiday)

- tech 2 days left
- interesting
- today's OP and CP is a must watch

BullBearMkt:
EVERY INVESTMENT CARRIES RISK

For example, using Risk of 1 and Reward of 2...
This means if I want to invest in a trade with a capital of, say N100,000, I am ready to take a loss of N20,0000 in case my analysis of the market is dead wrong, before I abandon the trade. With that, I will be left with a balance of N80,000. I should therefore target to make a profit of N40,000 (in case the analysis goes my way). So with this, I will come out of the trade with a total sum of N140,000

This implies, before I enter the trade, I have a plan to risk N20,000 (which I can control) with the expectation to make a N40,000 profit (which I cannot control). In this case, with good investment strategy, 66% of the time, I know I will be making money...

Risk Management makes the difference...
Good morning everyone and welcome to another exciting trading day...

Spot on bro
its all risk management , risk management , risk management

fxuser:
- Selling pressure still outweighs everything else !
- Caution

FCMB cont
- full red candle yesterday ( i tire)
- macd below signal line still (bearish)
- macd below unbale to break zero line (bearish)
- RSI breaks lower , below 50 (bearish)
- SP below 50dma, 20dma & 10dma (bearish)
- SP needs to find support
- d major support is at N1.00

Note:
TeamFCMB
- Do not average down, short term trend is bearish
- SP may test prev support level, brace
- will there be a reversal ? only Mr market knows , ours is to manage risk & capital
- Trade your strategy and trade well #Bless

Tritri:
FCMB 1.12..na wa ooh..anyway i bought few at 1.12...

- Selling pressure still outweighs everything else !
- Caution

Coolcash1:
@fxuser and Bullberamkt, please what's the chart saying on NAHCO and Guiness

Guinness

- long term bearish !
- looking for bottom

Transcorp
- vol alert over 10m traded ! SP > 0.75

FBN
- dis sellers ehn ! pushing against 3.10

When will Q1 start dropping sef? Month End or May ! !

FCMB

- days before closure , selling pressure remains !
- unable to find pre-closure optimism while looking for support (maybe they have all gone to fidelity bustop )
- further downside expected
- caution

Dis:
loaded (wt avg cost below 1.10)
if 1.10 support fails . capital preservation kicks in
we live to play another day

duni04:
I'm not seeing this rally weakening you guys are on about. 83M bids to 0 is weak? FYI, those 0.99 offers on the supply side are a glitch from Morgan.

buyers refused to shake ! 234m units after !
largest daily volume traded in over a year !

ihedioramma:
@Fxuser. All this buying and selling
people time is coming they can't
enter at #4+ just keep on buying
and selling but who are my talking
to? this people are making cool
money more than blood money people . Just look, From 10.30am
to 11.45am in a day they are going
home with #0.10kobo? why others
are happy with 14kobo dividend
for 365/366 days ?

loll
thats why we love markets !

fxuser:
- 142m traded !
- a 2 day rally is not bad ! esp in this bearish times we are in !
- at least we can see that N1.00 is a clear resistance

- Buyers still not letting go !
- 230m traded !

FBN

- forming inverted hammers early !
- touches 3.19 and sellers just pour in like some EFCC raid (resistance area)
- then touches 3.10 and buyers start showing some love (support area)

donmarshia:
House, Please when is FCMB's closure date?

13th

Resistance
- be mindful always of resistance
- its an area where sellers become bold and aggressive ( profit taking activity)
- any buying buying pressure is met with equal amount force taking out optimism from d buyers
- this can cause a set back or pull back as buyers retreat to a lower entry price (support) and profit takers become more eager
- its important to stick with your strategy, if in doubt always reduce your position , you can always come back in !
- but always honour your stop loss if caught in a aggressive pull back
- this things happen to us all



#RandomThots

lancee:
Fidel party almost over ..congrats

If u re for div stay and chop

- 142m traded !
- a 2 day rally is not bad ! esp in this bearish times we are in !
- at least we can see that N1.00 is a clear resistance

Fidelity
- rally continues as expected
- 96m bid at N.100
- total bid 165m and loading

Fidelity
- crosses N1.00

[quote author=ihedioramma post=55463998]The naira Monday appreciated to

Naira
- Current bid/Ask dis AM is 404/415 !
- CBN is playing with gravity

ogoo4real:
When is the marked down for Fcmb please?

April 13