₦airaland Forum

Zenith vs GTbank
- zenith weekly chart has a better set up , RSI breaking higher
- further break out expected


Dis:
Added to portfolio

UBA
- weekly chart still bullish , RSI breaking out higher

OBAGADAFFI:
There is a boom in Oil palm production in Nigeria.

Heard PZ just joined Okomo and Presco

some serz cross deals this past week !

vol leaders
access 31m
ucap 24.9m
oando 21m
fbnh 17.4m
fidelity 14m

Ucap
- forming a hammer
- touched 3.25 but buying pressure kicking in
- lets wait till 2.15pm

Eterna
- nice chart
- needs to break 3.50
-

GTbank
- lot of resistance before 24 !
-

ihedioramma:
@Fxuser, were are they? if small bull come now they come out and start teaching . this is small bear come and teach, teachers of NSEMPA . IS ONE LOVE .

anyone cann make money in a bull market , na bear mkt be teacher .

FCMB
- finding good support ard 1.30

Zenith
- time to break N16

Volume leaders

ucap 20m
Oando 18m
Access 11m

Top Active
Access 31m (N7 support in play)
Diamond 28.3m
Ucap 24m (found some support ard 3.35)
Okumu 19.6m (cross deals )
Transcorp 11.8m (sellers come inn play)
Fidelity 10m (.90 support , sellers still in d game)
Zenith 10m ( touched 15.61 still found buyers, closed at 15.84 )
UBA 6.8m (opened at 5.1 , closed higher )
FBN 4.6 (opened 3.51 , closed higher)
FCMB 4.6m

fxuser:
17m units after
SP finding support at 3.35
watch it today
lets see if it opens higher or lower than today's closing
#wait

21m units ! 3.35 still holding
another 4m bid waiting at 3.34

fxuser:
buy d support , sell d resistance

17m units after
SP finding support at 3.35
watch it today
lets see if it opens higher or lower than today's closing
#wait

Transcorp
goes full offer
increased selling pressure

umm 2 pm

pasuma:
what do you suggest ? a sell or buy ? for UCAP

buy d support , sell d resistance

Ucap
- supporters club at 3.35 region
- enuf back up de 3.30

Zenith

- accumulation mode ongoing

fxuser:
Access
- 17m units after , N7 support looking like resistance
- semi pull back behaviour

- looks like supporters no wan gree !

Access
- 17m units after , N7 support looking like resistance
- semi pull back behaviour

Fidelity bank
- the bears and bulls have drawn swords

Ucap
- support will be tested at 3.30 level
- those waiting for pull back / entry strategy can join d support barricade

fcmb
- SP testing 1.30 support levels to see if it will hold
- market marker needs to soak out sellers before marking up
- will average up here , test 1.28, 1.29 and wait till 2.15pm

ucap
- pull back from 3.50 resistance

Zenith
- looking for support at 15.80

Tough times for Orijin maker !
Market cap dropping below N100bln

Top 3 trades
Continental Reinsurance (149.56mn)
Fidelity Bank (51.63mn)
United Capital (30.24mn).

fxuser:
3.50 resistance been tested
22m units traded , bulls cant get thru !

UCAP update
30m units traded (highest daily vol in 6 months
lots of profit taking, unable to break 52 week high on such volume (pull back tinz)
rsi making lower low but above 70

spicytayomic:
oga Fxuser, can you please help on transcorp?

- macd is flat , hugging each other
- rsi is dropping
- 20 dma is touching 50 dma
- just looks neutral for now !

holm:
Can we just rename this stock MMM

3.50 resistance been tested
22m units traded , bulls cant get thru !

volume update

Contisure 80m
Fidelity 45m (107m yesterday, still soaking up)
Diamond 25m
Zenith 10m (big day range 15.73 - 15.83 )
UBA 10m
Ucap 10m

locodemy:
Market don roll back.lets watch what 30 minutes to closure go talk.

buyers luring out the sellers to 1.30 levels
sellers have gone to park at 1.40

#patience

angelo82:
Whats your take on oil stocks?

Total
bearish

Oando
daily chart consolidating, looks neutral


Nse Oil& G index
bearish
after crossing 340 on 15 dec , rsi kept making lower highs
Macd sell signal was 22 dec , still facing downwards for now (-ve sentiments )
RSI facing towards 40
weak sentiments for now