₦airaland Forum

Fcmb
- 5m units cross trade
- largest vol in days

@loco people at work.

FBN
- positive divergence developing
- Sp making lower lows, RSI making higher lows
- inverted hammers

Zenith
- big vol
- 82 m traded
- increased bids

pasuma:
what do you advice ?

- let's see how it closes
- last year saw a rally days/ weeks after !
- observing closely
-

BullBearMkt:
Still has potential to move between 5.10 - 5.20...

d real test zone area

Intendy:
The equity price of UNITED CAPITAL PLC was adjusted today 3RD of March 2017 for a dividend of N0.50 as declared by the board of directors. The last close price was N3.40, hence the ex-div price N2.90. Please be guided accordingly.

thanks
N3.40 to N2.90 is -14.71%
N3.40 to N2.85 is -16.18%

um . . let see how it closes

ihedioramma:
They are back now #14

bull making a stand at this junction early ! orders getting filled

FCMB

- no liquidity still

UBA

- higher RSI !

Ucap
- marked down , SP 2.85

Intendy:
Oga ,Technical analysis is just a hint of possible stock/market direction and not a certainty.
But I believe Fcmb might have loss if not all the effort you have put in all through yesterday if I must believe.

yhupp ! absolutely not a certainty , just a probability of social behaviour of masses
what do i know !
mkt opens

fxuser:
- so no tensions
dis:
very very heavy here, its my last holding. waiting to get out and stay in cash 100%

Link
https://invst.ly/3dll9

ihedioramma:
Okokomyko na 80kobo they will pay you

#nawa

locodemy:
Oga,Good am,your technical analysis yesterday shows that fcmb bearishness continues but ended up yesterday otherwise.Dont you think there is something greater than technicals in the market?

- ending up higher than opening price wt low vol, does not mean bearishness is not at play !
- however , looking at the weekly , we opened this week at N1.27 , below close of last week at 1.29
- also its a been a reluctant pull back wh is good for reversals
- a pull back with high vols is more wicked and dangerous than pull back on very low vol with with bid/ask (see zenith)
- so no tensions


dis:
very very heavy here, its my last holding. waiting to get out and stay in cash 100%

Zenith
- RSI 28.9
- sp back below 50dma
- macd below zero line and signal line
- 6 month CLOSING low was N13.50

looking back:
- d rejection or failure to cross at N16 by d bulls (20 - 27 jan) was first FLAG (it tried twice)
- the failure to find support at N15 was second FLAG (RSI was dropping here)
- the bears are now bold , while the left over bulls are still in shock hoping for a sudden reversal
- um

dis:
no holdings

DeRuggedProf:
Are these bears hitting ZENITH not seeing GTB....?
GTB is still looking UP.

na turn by turn

DeRuggedProf:
REFLECTION: Stock prices this day last year....
https://trwstockbrokers.files./2016/03/nse-pricelist-for-march-02-2016.pdf

some interesting #Throwbacks

- Index was just above 25,000
- FO 293 !
- diamond & fidelity were > fcmb
- ETI , Wapco & Guinness were double current price
- Sterln bank SP > diamond, fidelity , fcmb , skye
- UBA SP < fbnh
- ETI > GTb & Zenith
- Ucap was half CP

times flies, nice one.

FBN
- back to N3.00
- welcome back

all charts are on pull backs or weak sentiments !
#caution

Fcmb
- brace for more pull backs , RSI dropping lower
- SP opened lower , failed to break 1.30 a couple of times !
- but d lack of liquidity and wide spread btw bid/offer makes it complicated to get out sef
- we wait and see !
-

Index
- staring at 25,000 !
- nothing looks interesting at the moment

Tritri:
WAR on zenith...this is not fair.

- Over N3 bn traded in 3 days !

bear traps
#wicked

OBAGADAFFI:
They should just drop the result on-time.

That will settle the apprehension in the market.

the market marker is having a laugh
bids and offers disappeared like a reset button ! #smh

Tritri:
@Intendy
@fxuser

Can someone tell me what going on in ZENITH?
Am getting nervous
ARE u still in the bus?

I left when that N15 support broke ! took a minor hit !
chart not encouraging looks clumsy
over 2.5bn traded in 2 days and cud not climb N15 pere !
you either leave or wait it out

fxuser:
Patience Patience Patience
its a JUJU pull back with Very weak volumes, but sellers sef no wan come down sef !
Will help you move it 1.24 , lets see if more sellers come out

interesting

Done !
lets see wat happens

OBAGADAFFI:
Hope thier result is good.

Patience Patience Patience
its a JUJU pull back with Very weak volumes, but sellers sef no wan come down sef !
Will help you move it 1.24 , lets see if more sellers come out

interesting

Ucap / AfriPrud
- 1 more day before closure !

DeRuggedProf:
I promise to let this house know when I am leaving FCMB too.
But I promise I must see the result first.
I have seen this trick before.
I will not be fooled again in FCMB.
I am dealing with THE GROUP and NOT the BANK.....

Please, do not follow me cos I am prepared to wait TILL 2018.
-It is ME Vs BALOGUN here. A time will come, I may have to complete the waiting period in his PARLOUR.....

- pull backs on very weak volumes
- interesting

Zenith
- big vol
- selling pressure pushing back below N15

Tritri:
@intendy.

With the dividend history why is zenith offer keep multiplying?

You noticed. Broke N15 early , but the sellers came in strong and filled all d bids & pushed back below
looks like a slight dividend trap ! But let's see if buyers turn up before closing

44m traded !

DeRuggedProf:
Hmm!
Many bottom-less pits on this NSE....
After guessing on a bottom and taking position, the stock go just shake body continue towards Bayelsa...

lol umm I used to be attracted to dem back in the days, took time to realise that 52 week lows only know how to make new 52 week lows . .

i prefer 52 week highs