₦airaland Forum

Wapco
- above avg vols early

Forte Oil
- early trades coming ttru at N67.66

locodemy:
Fxuser,pls what does chart says about Wapic insurance?

Just flat !
another juju stock

ihedioramma:
@Fxuser, Whats your take on the result's that came out yesterday any company make it among them all?

I hardly look at the results again oh. I follow charts and they don't lie
Index was already warning us to be ready for further bearish move.
I remain very defensive, too many bad eggs can spoil market for the few good ones too

Fidelity
- dont give up on d market marker just yet
- RSI making higher lows
- macd continues to trend upwards

NSE index
- further bearish sentiments
- likely to break 26,000 levels

angelo82:
Whats your take on the result?

i just ff the charts , price always precedes news

OBAGADAFFI:
Did you notice how Oando fell from N5+ to N4.66

bears came in fully after FO result !

sometimes we have to sell into strength, rather than try and catch the top where liquidity becomes an issue . .

so FBN and UCAP are both N3.50

Fidelity
-market maker is very busy !

FBN
- looking for support at n3.50
#expected

angelo82:
http://www.nse.com.ng/Financial_NewsDocs/16265_UNITED_CAPITAL-CLOSED_PERIOD_CORPORATE_ACTIONS_JANUARY_2017.pdf

possible 50kobo div loading !

Zhirinovsky:
Search for any nigerian stock using their name at the search box. They contain nse stocks too or better still search for NSE30

umm ! !

Examples attached from investing.com

Nseasi
https://invst.ly/369pz

Eterna
https://invst.ly/369pv


Ucap
https://invst.ly/369qj

weekly
https://invst.ly/369q-

please ckick and let me know

DeRuggedProf:
DIVIDEND TRAP will be more REAL this year, TREAD CAUTIOUSLY....

yuupp
each one will play it differently
Index still bearish

Intendy:
stock with new 52 week highs

Eterna oil #3.62k

no new 52 week lows

Eterna
- re-testing 2016 high with a nice breakout
- weekly chart remain bullish
- only problem here is liquidity

kenmaro:
What's happening to UBA, it's 5.02?

pulling back like Access !

Zenith
- opens at N16
- how it closes is key
- market seems quiet

Oando
- opens higher than fri close at 5.20

Mpeace:
Its normal for them to start messing up when their services are needed the most. And no need calling them, except you want to hear "We are currently working on it be patient with us we will soon be back". That is why someone here suggested earlier that you should have an alternate broker.

true that . The Nigerian factor.
Always good to have at least 2 brokers , 2 phones , 2 internet providers , 2 , 2 , 2
Sigh !

ExLaidback:
I can't open the page even.

Same here ! !

Can anyone log on to Morgan ??

Human emotions are the biggest enemy a trader faces.

a blessed and fruitful week ahead

''Too many traders take losses personally. ''
- ‏@PeterLBrandt

ihedioramma:
i need 2m units @ ten kobo .

#wicked

Godisfaithful:
http://www.herald.ng/sola-david-borha-resigns-as-ceo-stanbic-ibtc-holdings/

http://www.herald.ng/we-will-not-pressured-to-change-our-forex-policies-cbn/

The last MPC's says it all !
Its operation KEEP all the dollars in d reserve and hold special intervention fx sales to keep status quo
Those holding USD , just sit tight and even average up sef
Tough times still ahead

NSE index
Daily chart
- still hanging above 26,000, finding some support
- 20dma is still below below 50dma
- RSI hanging just above 50
- banking index dividend play is d only support
- bears

Weekly chart
- still bearish
-

Fidelity
- 90 kobo support survives again


Ucap
- RSI making lower lows in d short term in uncharted territory
- been taking small profits here gradually , still very heavy here
- SP opened a new all time high 3.62, but below 3.50 (current all time high)
- trend lines still bullish

Oando
- breaking above prev resistance
- N5 level will be tested for support
- rsi bullish
- macd sig buy
- 20dma stays above 50dma

FCmb
- to re-test 1.40 again !

Gtbank
- opened higher on fri (24.5) but closed below thursday high
- umm

Zenith
- opened higher than thurs
- sellers came in pushing the price down but bulls pushed back on big volume
- SP closed higher than oopening price making a hammer at a prev rejection level
- if it opens higher than n16 on monday ! na gear 2 be that
- if it opens highers than 16 and close above 16 ! dats very bullish

Dis
have positions here

safepaulooo:
I think Access will still climb to 8.0. What's happening now is a shake-off for the JIJO guys in the bus. After they are off the bus, the real journey will begin....destination 8 - 8.50. True value is around 9.18

Access
- Could not close above N7 for more than a day,
- a lot of resistance at this level
- SP is on a pull back
- some will say its because the dividend is likely disappointing ( i don't bother about news, just ff d sentiments)
- Those who are just getting in , shud brace for further pull back
- RSI is dropping
- Macd is breaking below signal line (but still above zero)
- SP is no longer hugging the upper BB band, drawn towards the 20dma line

#JustObserving

we need to be very cautious !
expected dividend already priced in , announcement may not be soo bullish but a fake out.
those already in the market may cash out on late comers and shake them out into a minor sell off
we wait and see

Zenith
- still needs to close above 16
- big hammer formation