₦airaland Forum

FCMB
- market makers hav marked up !
- SP opened higher

Ucap
- same with ucap, opening at 2.72

Index
-watching volumes
- breaks above 26,000

Afri prud testing N3
DangFlour in upswing
Wapc o seeks bottom
FBN find support
FO still bullish
Ucap still bullisj

Top traded vol
Wema 100m
Diamond 84m
fcmb 83m
GTbank 13m
Transcorp 12m
FBN 11m
Oando 8m

[quote author=fxuser post=51891142][/quote]FCMB
- looks like a bullish breakout (big volume wt strong price action)

Fidelity
- finds support at 0.85 also

Afri Prud '
- re- testing N3.00

[quote author=fxuser post=51890213]Fcmb
- vol traded up , above average
- its a good start

FCMB
- above average vol
- 73m units traded wt good preice action (bullish sign)
- here we go !


@loco

Oando
- all pessimists almost shaken off
- up +9%
-

[quote author=fxuser post=51888901][/quote]Ucap
- touched 2.68
- demand remains strong
- breakout?

Fcmb
- vol traded up , above average
- its a good start

Index
- closing in on 26,000

zendi:
The brent surge was attacked by profit takers over the night.
And that poured cold water on Oando.
But brent is fighting back right this moment, and Oando is likely to close strong.
As simple as that to me.
People trade Oando, Seplat....with one eye on brent.

true that !
brent above $50 is way a major plus for dem and all Oil related NPL's

[quote author=fxuser post=51887474]Ucap
-testing 2.60 early


Ucap
- seems d new support forming
- that 951,736 bid at N2.60 just help set new support
- its expected to have a pull back ard 2.65 - 2.70 (prev high region)

Recomm
- just hold and watch

Ucap
-testing 2.60 early

Oando
- opened higher
- still trying to shake of d pessimists , not an easy task

Our Oil Minister was on Bloomberg and CNBC this am! Interesting outlook
-The oil banter is positive from all quarters.
-A $55- $60 range not bad
-Sadly Emefiele will have more gun powder to defend its stupid fx policy but overall
-Oil above $50 is most welcomed going into Jan 2017 for equities

ETI
- looking at d ETI weekly chart
- bottom alert with long term positive divergence developing
- interesting history
- past 5 - 7 years , its crosses N20 (April 2010 and June 2015) meets resistance and bleeds back to N9 - N10 region
- SP finds some psychological long term support ard here before heading back to N20 region after a long while.
- Dec 2012 (SP N10 region ) to June 2015 (SP crossed N20 region) to ffwd today (SP back at N9 - N10 region)
- its finding that support again, just keep watching
- for long term ETI people (BUY and HOLD investors type ohh), this is your very long term entry point range


#JustObserving


Disclosure
No major or minor holdings in ETI ohh, i'm not good with buy and hold strategy

Current Major Holdings
Ucap, FCMB & Cash

locodemy:
Just send email to registrars@cardinalstone.com request for the e-dividend form........when you get their response,you will need to print out the downloadable form which they sent to you.....you fill it,take it to your bank to endorse then email it back to them wit a copy of your colour passport attach to it and a valid id card.After 2 weeks,they will send you a message that they have mandated your e-dividend to your bank account.......This process is for us that just bought fcmb expecting dividend next year to drop in our bank account.

if you already have stocks and you need them to credit your outstanding dividends.......you will need to add the bankers confirmation while sending the form to them but your bank will charge you btw 2,500 and 5,000.........or you can go to your broker and process the transfer forms with them.....it is free but a very long thing(2 to 3 months)

brothers........mine is done......tnx

Many thanks

Looking at Market caps
Diamond Bank market cap now below N20bln which is also lower than Wemabank , Fidelity , FCMB and even Sterling Bank

Tritri:
@fxuser I believe diamond will 1.50 before sept next year. and also FCMB will hit below 1naira soon...meanwhile do u av any pick for anyone?

Diamond
-Sept 2019 is very very very far ! Anything is possible
- Enough uncertainties lie ahead
- d economic quagmire is eunf wahala going into 2017Q1

FCMB
- unlike diamond, fcmb is not even on d global $NGE ETF Index or the NSE banking index 10
- however looking at d chart its found some level of support ard N1.00 (remember FBNH ard d +/-N3.00)
- buyers (or men in black) seem to turn up ard dat region for now
- but nothing is impossible lets wait and see

My Recommendation
- to have cash at all times, this buhari economy is a one major mine field

PETERiCHY:
Yes I got my payment.

good to hear.

Godisfaithful:

Diamond (finally join Fidelity below N1.00)
- its been a bloody journey from N7.45 high in Jan 2014 (the 5 year high, ending a bull run)
- was looking closely at d 5 yr weekly , monthly chart, interesting stuff
- been trading over 200m units monthly in the past few months
- looks like accumulation mode (pls dont ask why, dont know)
- August 375m units , sept 469m units , Oct 348m units , Nov 241m units, DecTD 338m units (while sp making lower lows oh)
- its like a market maker just hold basket de collect the sell off
- interesting to see how sentiments play out before new year !
- there is a positive divergence as macd keeps making higher lows while SP is making lower lows but still under d zero line !
- the bears have squeezed all d blood here , its just rechecking to see if there is anyone left #wicked lol

#justRanting

Ucap
- above avg bids
- market maker don kill all d monkeys, its time to move on
- SP touching 2.60, another resistance level

ExLaidback:
That moment when you realize while you were feeling funky, Forte Oil just did 100% return in 8 days!!!! and you no chop one naira inside
It is well...
It is...
No really it is.
$$$

[quote author=fxuser post=51768521]UCap
- very strong opening at N2.59
- its looking for any last profit takers (sellers) before marking up !

Ucap
bid observation (price - units)
N2.51 - 361.3k
N2.50 - 1.58m
N2.49 - 2.0m

These 2 bids don form support road block.
have added my own support join
more are waiting below that support price

ihedioramma:
Brent Crude 54.07 NOW

its important this stay above 50 till Jan.
While upside may not translate to immediate benefits (buharinomics effect), the downside will do more damage instantly

UCap
- very strong opening at N2.59
- its looking for any last profit takers (sellers) before marking up !


FCMB
- checking to see if any sellers left before marking up

Zenith
- reduced selling pressure
- support in place
- buyers pushed back below 14
- not a time to sell

GTB
- same as above
- buyers rejected prices below 21.5
- not a time to sell

Afriprud
- macd breaks above zero line
- RSI finds stays above 50
- positive sentiment remains

Fidelity
- positive divergence build up

FBN
- strong breakout
-MACD moves above zero line
- Macd stays above signal line
- SP breaks above and closes above N3.50 wt over 20m units
- SP hitting a 90 days high , also above 50dma
- closed higher in d past 8 trading days
- really nice move

#JustObserving

Fidelity 84kobo
Diamond bank 84kobo

na wa !

locodemy:
i will also advice those of them holding oando to hold it tight if this your analysis must work...........FBN AND OANDO are the most suffered stocks at nse.

um ko easy
both carry a lot of emotions as well .
Both have bleed portfolios

Tritri:
6 naira is been realistic . or what u think ?

i avoid price fixation, i simply ff sentiments

my thots
- FBN has been on a bearish path for years
- it enjoyed a rally prior to 2013 high when it crossed N20
- since then , its been on a bearish move , making lower highs & lows
- the death cross happened ard August 2013 (50ema crossed below 200ema)
- the SP has been testing the 50ema line but not finding enuf support and failing
- this happned in May and June when the price tested N4.50 levels , each time the sellers came in massively
- it test N3 and march and found good support but failed at N4.50
- then in August it came back to that support and for weeks buyers kept resurfacing ard that region confirming further support (BUY area)
- ffwd to dec , SP for the first time in months is testing N3.50 , breaking above 50ema and tending towards 200ema which is good for long term buyers. (this is the low they shud hav waited for)
- before N6.00 , the real test is ard N4.50
note that many are carrying losses and they just wish to stop d portfolio bleeding, so expect a lot of emotional resistance ard that point, IF the SP can break through N4.50 , the next stop is N7.00 for another test.


Dis:
I'm a full learner and cud be very very wrong oh.

ExLaidback:
Sorry, but I'm not too sure why you're making this quote on Mpeace's explanation which to me is completely on point. He nailed it in my opinion.

its not to disagree !

Tritri:
@locodemy You need to be patient next time

@ALL do you think FBN will get to 6naira before it stop?

why N6? #justAsking
Thats about +70% expected gain !
Anything is possible