₦airaland Forum

fxuser:
back to Diamond
- MAcd crossed signal line confirming buy signal
- RSI has left oversold zone
- momentum (indicator) continues to slope upwards
- 5DMA crosses 10DMA
- its not a breakout . . pull backs expected

#JustObserving

Note: not a BUY recommendation

Transcorp is similar in TA to above also

back to Diamond
- MAcd crossed signal line confirming buy signal
- RSI has left oversold zone
- momentum (indicator) continues to slope upwards
- 5DMA crosses 10DMA
- its not a breakout . . pull backs expected

#JustObserving

Note: not a BUY recommendation

the kalo - kalo in fidelity no get part 2
Let not the offers scare you !
-Macd flattening out

Presidency approves borrowing from World Bank, China, Japan. Lining up 20-year loans with 1.25% interest.
http://www.bloomberg.com/news/articles/2016-09-08/nigeria-s-presidency-approves-borrowing-from-world-bank-china

a lot of monkey hunting ongoing

AfriPrud under bear attack ! um

interim dividend is also no guarantee for mood swings.

a low p/e is no guarantee for a short term rebound . p/e's can remain low for longer than you anticipate

it's not the cheapest that moves the furthest

This daily rain !

Top 10 volume trades yesterday (finance sector)
GTB 31.3m oversold
ECO 31.0m ! !
ACCESS 17.2 (marked down for div)
DIAMOND 13.1m (accumulation mode)
FCMB 11.9m (accumulation mode)
U B A 10.5m (awaiting dividend) um
STERLING 9.1m (accumulation mode, support)
SKYE 7.2m (no q2)
FBN 6.3m (fighting for support , accumulation mode)
ZENITH 4.8m bearish mode
UCAP 4.0m bearish mode

IMO

Top of d Morning people.

Fcmb
SP 1.16
bid 2.2m
offer 7m

Diamond
SP 1.17
bid 3.5m
offer 10.7m

DeRuggedProf:
Which GRAVES do we prefer ROBBING today...... ?
FBNH?
FCMB?
DIAMOND?
UBA?
ZENITH?
UCAP?

loll
i de FCMB & Diamond

locodemy:
CBN MOVES TO SANCTION BANKS OVER POWER INTERVENTION FUNDS

So which banks are involved here again?

Nigeria is full of a new day,a new story........negative ones......corrupt country.

Emefiele again !

DeRuggedProf:
Then the real decline will commence.....

this market get as e be !
GTB marked down and kept pulling upwards !

I think access may do d same but not at that pace or remain sideways

ceeteed:
Just playing ard with TA ! here is FBN 6mth daily chart showing SP finding some support
#justObserving nt a BUY recommendation



Bros Good Morning, You post is always a delight to the discerning mind.

Please will appreciate the source and the settings for the indicators.

Thank you and wishing you a lovely day,month and year filled with Divine speed and fruitfulness from now on.

Amin

I prefer to use ft.com
(search any coy or create watchlist)

Upper indicators
pref EMA
Settings
short term 5dma vs 10dma
med term 12dma vs 26dma
med term SP vs 50dma
Long term 50dma vs 200dma

Lower indicators
Short term MACD (15,30,9) #myfav
RSI
Momentum

Time frame
6m , 12m, 3yr

Reminder

Access will be marked down today for interim dividend

Just playing ard with TA ! here is FBN 6mth daily chart showing SP finding some support
#justObserving nt a BUY recommendation

UCAP
-strong bearish sentiment today
-bears took charge
-opened at N2.34 to close at N2.19 (full red candle)
-rsi continues to slope downwards
-watchMode

[quote author=fxuser post=49096677]TOP TRADERS BY VALUE (week ended 02 Sept

list is for NASD mkt

- found some names interesting

TOP TRADERS BY VALUE (week ended 02 Sept

1-Stanbic IBTC Stockbrokers Limited
2-Anchoria Investment & Securities Limited
3-Nigerian International Securities Ltd
4-Arthur Steven Asset Management Limited
5-Cashcraft Securities Limited
6-Regency Assets
7-CSL Stockbrokers
8-Apel Assets Ltd
9-Golden Securities Ltd
10-Valmon Securities Ltd


TOP TRADERS BY VOL
1-Anchoria Investment & Securities Limited
2-Stanbic IBTC Stockbrokers Limited
3-Nigerian International Securities Ltd
4-Arthur Steven Asset Management Limited
5-Cashcraft Securities Limited
6-Valmon Securities
7-Regency Assets Management
8-Apel Asset Management
9-CSL Stockbrokers
10-Lead Securities


Never heard some of this names before (Valmot , Apel , Regenecy ! ! ) um

FBN
-found support
-SP stays above 52 wk low
-

Nigeria's state oil company says could be crippled by Delta militancy
http://af.reuters.com/article/nigeriaNews/idAFL8N1BG0MQ

'' . . . Nigeria's crude oil output down by 700,000 barrels per day (bpd) to 1.56 million bpd since the start of the year ''

#worrisome

debeey87:
I just dey observe the guy in 3D

abi ohh . . even d former** twin brother Mr zenith is out of that touch
the gap be like inter-bank to parallel mkt #kidding

#sigh

cant call it a reversal but looking like a on-going bottoming activity
-UBN
-Cadbury
-transcorp
-Diamond
-fbn
-Guinness
-Even UAC-prop (sort off)

**looking like oh ** not a buy recommendation

#justObserving

DOLLARTEX:
FXUSER,WHEN YOU SAY HOLD ON UBA AND ACCESS DO YOU MEAN;PEOPLE WHO INTEND TO ENTER INTO THIS STOCK SHOULD HOLD THEIR CASH OR PEOPLE ALREADY IN POSESSION OF THIS STOCKS SHOULD NOT SELL?

i mean its just sideways, esp to people who hav already.

#not a buy recommendation

market reality 101
even if we all take a position on d same day at the same entry price, we would ALL come out with different experiences.
- IMO

#TGIF

out of the top 3 traded today
-fcmb looks the cheapest but diamond likely to lead d way in any possible reversal

#justObserving

Zenith
- suffering form the same UCAP sentiment
- bears not letting go

FBN
-spent 1 day under N3
- bargain hunters cud just not wait to average down or mop
-MACD barely crossing signal line but under zero d line
-bearish sentiment is coming to an end
-noticed FBN eurobond has been bullish in recent times
- is dis d FINAL bottom??

UBA & Access (interim div play)
- both dancing musical chairs really, hovering ard 50 DMA
- sideways
- hold

ucap
- very tired !
- since touching N2.80 (Jul15), SP down -20% to close at N2.25
- still under bearish sentiment , MACD below zero line
- no reversal in sight yet

interesting start to Sept

- dangcem dragged the index above 28,000 (coal fired up)
- 3 most actively traded stocks were:
Diamond Bank (62.47mn)
FCMB (47.29mn)
Fidelity Bank (33.99mn)
- local penny hunters at work
- accumulation mode still at play
- all oversold


dis:
I de all 3, fcmb a fav.