₦airaland Forum

Fbn
- opened lower at N3.11 (closed yesterday at 3.25)

locodemy:
some people go dey say for their mind now.......if i know,i for follow loco buy penny stocks wey go resist bears
Big cap stocks na real food for bears for this 2017.

Yeah , BEARS feeding FAT on Big CAPS !
Non bank sector is a no go area !

NSE 30 Index Weekly Chart View

link:
https://invst.ly/38hi6

Summary:
BEARISH FLAGS
- Lower Highs
- 20dma below 50dma
- Macd below zero line
- RSI slopes downwards
- index breaks below trend line connecting prev lows

Caution:
- manage expectations.
- bearish tendency remains

#NoteToSelf

Moving averages allow traders the ability to quantify trends and act as signals for entries, exits, and trailing stops. They can become support and resistance, and give the trader levels to trade around. Below are examples of the specific moving averages with time frames.

5 Day EMA:
Measures the short term time frame. This is support in the strongest up trends. This line can only be used in low volatility trends.

10 day EMA:
“The 10 day exponential moving average (EMA) is my favorite indicator to determine the major trend. I call this ‘red light, green light’ because it is imperative in trading to remain on the correct side of a moving average to give yourself the best probability of success. When you are trading above the 10 day, you have the green light, and you should be thinking buy. Conversely, trading below the average is a red light. The market is in a negative mode, and you should be thinking sell.” – Marty Schwartz

21 day EMA:
This is the intermediate term moving average. It is generally the last line of support in a volatile up trend.

50 day SMA:
This is the line that strong leading stocks typically pull back to. This is usually the support level for strong up trends. Use 50-Day Average For Trading Signals

100 day SMA:
This is the line that provides the support between the 50 day and the 200 day. If it does not hold as support, the 200 day generally is the next stop.

200 day SMA:
Bulls like to buy dips above the 200-day moving average, while bears sell rallies short below it. Bears usually win and sell into rallies below this line as the 200 day becomes resistance, and bulls buy into deep pullbacks to the 200 day when the price is above it. This line is one of the biggest signals in the market telling you which side to be on. Bull above, Bear below. Bad things happen to stocks and markets when this line is lost.

Link: http://www.newtraderu.com/2015/02/18/moving-average-answer-key/

FF:
@SJosephBurns

#JustSharing for Newbies

DeRuggedProf:
Very intriguing....

1.30 now looking like a resistance level !
quite interesting

Throwback
- this level acted as support after the Feb/Mar - Jun/Jul rally , that saw the SP move form ard 70 kobo to 1.80
- bears came in fully after a double top and SP found temporary support at this 1.30 levels btw Jul - Aug
- Bears broke the support and pushed back further to N1.00
- We are now back up 30% from N1 . The prev support now turned resistance
very interesting

DeRuggedProf:
No be small amount ooo.....

That MM for FCMB...

d guy closed d book at 1.30 again !
#nawa

Willie2015:
Dont mind that Zenith, always dealing with me, got to sell off my holding with small loss position when FxUser gave hint to preserve capital. Patiently waiting for it to bottom out.

it opened at N15 , closed at N15 wt good volume ! #doji

DeRuggedProf:

that bear trap you talked about ! d bears know that buyers will turn up for dividend positioning

Fidelity
Fidelity
Fidelity

The market maker been smoking weed for days !

DeRuggedProf:
They are still CHOPPING Zenith...
GTB is resisting EVIL MEN....
Eterna: FXUSER warned its not liquid, you have to wait for its 'MARKET DAY', buyer do come from NNEWI on thursdays....

Zenith pulling some support at N15
21m units

FBNH
- bears pushing Sp towards 3.20 !
#wicked

DeRuggedProf:
See how they are swallowing up zenith massively after breaking the emotionally non resilient speculators down....

if it close at N15 .. na doji
if it closes above N15.29 - na hammer
if it closes below N14.94 - na inverted hammer

UAC Property
- drops to new lows
- mkt cap under N4 bln

#realEstate

Zenith
- breaks n15

DOLLARTEX:
FO ON BID

looking for much needed support !

DeRuggedProf:
This stock has similar behaviour each passing day.... .
BIDS at same two prices.
OFFERS at same price ranges.

hmmm.
SEDUCTION for the CHEATS!...

i don add my own at d lower bid !
both side looking at each other loll

OBAGADAFFI:
stocks in a down trend - u sell the bounce, cos they make lower lows - e.g PZ
stock in a up trend - u buy the pull backs , cos they make higher highs - e.g FCMB and UCAP

PZ
- breaks N12


FCMB
- opens at 1.30 again !
-

Market Opens

- diamond & transcorp up early
- Sp opened higher

Zenith (recent experience)
- instead of waiting for a breakout above n16 (i.e a close above )
- i took some minor position in '' anticipation ''
- and then BANG ! FULL back hand SLAP rejection at n16 , im laughing at myself.
(- Note: your opinions cant move markets loll, dont take them too serz )

Wat next:
Sold down some of the position to a level that will not be distracting me
Expect further short term pull back , watch for support levels !
So we keep learning to be disciplined & patient with set ups , hope it helps someone here

chart:
https://invst.ly/386wz

Aks:
How about UCAP and OANDO? Good morning @ Fxuser

UCAP
- in an upward channel


Oando
- bulls unable to hold SP above N5, bears pushed back ,
- SP is looking for support



TA teaches:
stocks in a down trend - u sell the bounce, cos they make lower lows
stock in a up trend - u buy the pull backs , cos they make higher highs

Dis:
WIP : discipline & patience

Zenith
- this pull back still in effect !
- big red candle stick
- rsi dropping , macd dropping
- Expect a break below N15 , -ve sentiments still at play
-

Forte Oil
- bears not done here !
- next test is prev low
- macd stays bearish
- we may see a double bottom !
- 20dma stays welll below 50dma !

slyopez:
Please house, can someone tell me how i can go about to receive my Eterna Oil dividend that was paid last year.

NB; I have not subscribed to e-dividend so i was suppose to receive it my mail post but it has not arrived since then. Please help.

Visit the registrars

NSE Index
- 20dma stays below 50 dma , bearish
- RSi breaks below 30 into over sold region
- Last time RSI broke below 30 was 07 Nov , Index was at 26,887
- Stayed below 30 till the 01 Dec , hitting 25,362 before breaking into a short term Dec rally
- Expected further downside and possible test of recent low
- the bears like big caps , caution to those positioning for div rally et al !

#brace

DeRuggedProf:
A Rigging MM.... .
You took the words right out of my mouth....

we would watch closely , cant blame him
he needs to shake out the very patient holders. needs them to cash out here before marking up !

Vol table

Diamond 31m (opened lower, closed higher but below yesterday close )
Fidelity 25m (opened higher , closed lower than yesterday. seems some JUJU support building ard 86kobo )
UBA 22m (opened higher, closed at same price yesterday ! new support possibly at 4.8 ! ! )
Zenith 18m (opened lower, closed lower ! ! ) um



dividend bias bears

DeRuggedProf:
A high flying low liquidity stock is next to a TABOO!
It is like marrying a virgin when your manhood is gone.....


FXUSER warned b4 but I wanted to do quicky....

nbst !

DeRuggedProf:
Zenith insisting to hang at N15.00....
16M500K UNITS Traded already.

yeah i see am , some major cross trades at N15 !

OBAGADAFFI:
Oya now, with Offer( 3,756,604 ) / bid ( 531,986 ).

Some are just joining the FCMB bus, but how far will it go.

the juju market marker wants everyone to show their hand , den mop all offers 1.30 and below at 2.30 !

OBAGADAFFI:
Same mistake i made with UACN

Shares (or bargains**) trading under RSI 50 have similar behaviour !

OBAGADAFFI:
We have seen the Peak of FCMB.

UCAP is on full offer.


Time to sell and wait for new entry prices.

Fcmb
- pull back is coming to an end oh !

Manonamission:
Looks like we are having a repeat of 2016 in terms of price trend. The NSEASI might dip to its lowest for the year in February when most stocks will record their lowest prices for the year (exceptions will exist)
This was the trend in 2016 save for some that dipped further towards the end of the year.

Watching Mr Market

mr market like to shake out & shake down the faint hearted lol