₦airaland Forum

DeRuggedProf:
I sense some people are exchanging FCMB for Fidelity!

FCMB MM is nt someone u want to place bids on top
lollxx

DeRuggedProf:
Dangcem helping the index to look south...

as d index oga needs dis visit to 52 wk low, once its done tinz it becomes more clearer

#KeyLevel

Diamond
- price action is nt d bearish favor

fxuser:
Ichimoku fans :
- we hv a TK bullish xver below the cloud
- price is above d FLAT Kijun
- the chikou span sef don move above price
- price also breaking into Kumo

pls hv a look ...


#like

we are now above the kumo !

#Adjust

fxuser:
Fidelity
- breaking out of a falling wedge ! !

- nice further breakout above the 50dma , taking out prev lower highs
- very similar to transcorp structure
- change in trend !

wat uve been waiting for is here !

Zenith
- TK xver below the kumo !

Oando
- dat wall

FCMB
- dazz some day high

um

pricing in Q3 early

Fidelity
- breaking out of a falling wedge ! !

onegentleguy:
ATTENTION PLS !!


This is to inform us that FIDELITY just released a wonderful H1 2018 result. ...which makes it the CHEAPEST BANKING STOCK based on VALUATION at the moment !!
If I were an investor with interest in banking coys, I would DEFINITELY pick the likes of FIDELITY, ZENITH, WEMA, UBA, FCMB and STERLING ahead of any other banking coy !!
...If in doubt, go and take an in-depth look at the results of the aforementioned coys beginning from YE 2017 down to H1 2018 !!
Beyond FIDELITY, I'LL PICK ZENITH, WEMA and UBA in that order !!
I have since done an analysis on some of these coys. ...the likes of UBA, ZENITH and most recently WEMA, readily comes to mind.
NOW IS THE BEST TIME TO KEY INTO SOME OF THESE COYS !!
Again in the banking sector, I would pick FIDELITY, ZENITH, WEMA, UBA, FCMB and STERLING !!
Away from the banking sector, I have already given my recommendations here.

CAVEAT: Due diligence should still remain ur 1st priority

Nice one always , i don't think anyone can do more due diligence sef !

Fidelity / Transcorp
- opening above prev monthly close umm ! !

#PriceAction

yok:
MSCI PORTFOLIO MOVEMENT- AS AT 28 SEPTEMBER 2018/GENERAL COMMENT MARKET

MSCI sold again on Friday 28 September 2018. With the major reports out of the way and end of the 3rd quarter, the fund may start coming out with the plan for the last quarter of the year.

The market has resisted falling heavily in the week just ended despite the problem of the Labour Union and the Skye Bank issue. I am of the opinion that with the spiraling oil price, further fall in price will likely be curtailed.

For Monday 2nd of October expected trading range: high and low for the day: High to be at 32835.51 and low at 32679.19

For our review for the week Transcorp and Vitafoam will be good buy.


The market is trying to recover, many equity are close to buy level, buy they are not yet there yet.

Transcorp
- closed above the 10wk MA
- last 3 wks all pin bars
- even d weekly MACD is now above the signal line.
- shouting quietly



Have a blessed and fruitful month ahead pipu

locodemy:
$85.20.some stocks will be on bid tomorrow

Emefiele will be more arrogant , dis BeauHarry is not going anywhere till 2023 loll

let look at Seplat and en wahala brother more closely for price action

dipoolowoo:
Wema Bank Sells N20b Bond to Foreign Investors
https://www.businesspost.ng/2018/10/01/wema-bank-sells-n20b-bond-to-foreign-investors/

Fidson to Issue 900m Shares for Strategic Capital Expenditure
https://www.businesspost.ng/2018/09/30/fidson-to-issue-900m-shares-for-strategic-capital-expenditure/

Sovereign Trust Insurance Raises Share Capital to Meet Tier-1 Requirements
https://www.businesspost.ng/2018/10/01/sovereign-trust-insurance-raises-share-capital-to-meet-tier-1-requirements/

Fidson
- last yr superstar, however keeps closing at N6 with epileptic vol traded !
- Sept vol was 3.1m
- getting to exit door esp if ur too overweight can be an issue wt such stocks

#randomThots

Patterns

Link:
http://www.newtraderu.com/2017/04/26/top-10-chart-patterns-every-trader-know/

Read: 6 mis

#reversal

52 wk highs & Lows

- when price stops making new 52 week highs , its d first sign of a change in d trend

d same applies to 52 week lows and some stocks hv made their last 52 wk low

#RandomThots

Banks Trend Check using d 50dma

All d big banks still trading below d 50dma , we saw some corrective price action from 52 wk lows and price making new higher lows

- GT (abt 15% jump )
- Zenith (abt 10% jump)
- FBN (abt 11% )
- UBA (19% jump )
- Access (under 10% )

Next:
- expect some resistance ard here
- wud be nice to see ''higher lows '' rather dan fresh new lows when d sell off continuation starts , den we are talking
- d reward of catching jumps in a down trend is too risky

ZOOM OUT

- its month end , time to zoom out from the daily and weekly noise
- umm seeing some stocks making green monthly hammers with Long wicks ohh (reversal possibilities are strong here.. oct will favour dis ones)
- and there some red monthly ones, with price closing near its lowest price for d month (baba nla red flags #LongThing
- and den some doji months sig indecision (we keep observing dis ones)


bye bye September

fxuser:
Fidelity
- d mm get appointment below 1.70

hunters get other plans

Fidelity
- d mm get appointment below 1.70

Mcy56:
How sir? To me, that sitting on the fence is risky o..... e fit tumble in or out anytime....

lolxx !

Order Flow
- cud be informative & distractive
- and takes a different path from 2pm

Mcy56:
Yeah, sitting on the fence......guess it's better sha.

howz d view on d fence

Mcy56:
There is increase in the activities of banking stocks for sometimes now, no bull yet in sight.. We are observing......

not dropping aggressively is d new type of bull

OBAGADAFFI:
UNIONDAC volatility is fearful.

fear is needed lolx

Infinitisi:
Large Trades:

11.6 million Fidelity Bank shares valued at N19.3 million traded in 54 deals.

Download the app via your Playstore or Apple Store

Fidelity
- d sellers hv found willing buyers
- prev poor entries hv FA to console d wounds

Loving d FA banter ! Great stuff

heyteaherm:
Gtb looks ripe for a wave 2 correction after forming a weekly hammer candlestick with long leg lower shadow , and strong volume , also the VCPI confirms the price action is ready for a correction. a wave 2

Buy from NGN 32 - NGN 35

Take profits from NGN 40 - NGN 42

20% correction.

GTB update

- SP thrusting out from that massive weekly pin bar 2wks a ago !
- here comes d lower high in d making !

Caverton
- 6 consecutive lower monthly closures
- weekly / monthly resemble cup and handle ! !
- WIP

#justObserving

Sterln bank
- (putting the yeye MM volume behaviour aside)
- SP breaking into month 4 high
- monthly macd above zero line
- monthly RSI holding above 50
- SP breaking back above 50dma & 200dma
- even d 50 dma is curving back to break above d 200dma
- weekly MACD breaking above the sig line
- BB squeeze with price breaking above the mid line
- daily macd rising above the zero line join ehn ehn . .
and be be lo


#JustObserving