₦airaland Forum

probing time

mendes911:
Zenith at N9?. Hmm, don't let Yayira catch you. You will never know what hit you.

and u left out '' correction to N25 '' .

musty00:
Here’s how some selected stocks are doing as at Friday (14/09/2018) relative to their status as at 20/08/2018 which was last posted (over 3 weeks ago).

It appears the rate of fall has dropped significantly for many stocks. Some have even gained. We are just midway into September though.

CCNN made virtually all its loss within the last 3 trading days .

Still watching and waiting….

nice
- still 8 stocks wt over 50% drop
- FO fresh 52 wk lows pushed it to top #knife
- a reshuffle at d top 5 wt FCMB substituting Transcorp
- a reshuffle at d bottom wt CCNN giving more blood & along with d big banks
- stocks wt dropping more dan -40% increased (very busy bear dis sept )
- skye is d outlier wt double digit bounce

mr bear has been very busy

#GoodMorning #BlessedWeek

swilo:
FX,

Please, on Transcorp, is that a head and shoulder forming on the weekly and monthly charts?

many things look good here
weekly hammer on vol
close above d wkly tk for d first time in months
looking above the 50dma
interesting week ahead

#like

heyteaherm:
FCMB looks to be heading for N1.53 - N1.36 major support area .

yhuup

Bishopking:
I need practical entry point for zenith and Cadbury. Please help.

Zenith
- enuf ideas from prev pages (ur can search a search)
- however most recent price action on a friday for dat matter suggest a likely positive week upcoming

Bishopking:
I need practical entry point for zenith and Cadbury. Please help.

Cadbury
- made a fresh 52 week low dis past week , price still breaking down
- so down side risk still high
- no clear short term support just yet , no clear buy signal IMO
- it may test prevall time low made last yr


#redFlags imo

dis
cud be very wrong pls

swilo:
FX,

Please, on Transcorp, is that a head and shoulder forming on the weekly and monthly charts?

- Um nice question . . same thing hv been asking myself
- esp wen u look at the monthly , u cud say a right shoulder is forming.
- However hv gone back to chk baba of TA - Schabacker (pg 85) and John Murphy too, pls chk dem out , d neck line raises question, dis one will be slanting up wh nullifies d pattern or cud be a complex one lollx . . . anyways we keep learning

attached are from JM

Random thots
- corrective waves dont offer d best risk reward in a down trend

#weekendChart

GTB
- still on still
- last 3 days resemble 3 white soldiers with big , bigger, biggest body formation lol



#WeekendCharts

Agbalowomeri:
Same for index

lollx index needs dangcem to do well !

Wapco
- more red flags

#fallingknife

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.

nice
every lower low needs a lower high !

fxuser:
- SP breaking further

(dis MM hennn, very suspect guy )

Update
- price action here suggests a move (pls we all know d FA here is a major risk , strictly TA)
- price broke and closed above 10dma, 20dma , and even d 50dma
- unlike most , SP even closed above its monthly open, dis week open and even prev monthly close (issaa green month and week already)
- if u caught the bottom , u shud be up 40% in d past 4 wks (catching bottoms no easy , its a fools' game )
- is there further upside ?? i don't know
- will price breakdown from here ? i don't know
- someone said d MM here de work for EFCC lollx , abo na DSS

#JustObserving

Rex123:
Thanks,

Looking for a short term investment, any ideas?

umm not at all sir

1) short term and investment dont go together in my trading style
2) also catching a good bounce in a bear trend is very tough , i'm not an expert in catching knives.
3) also d likelihood d trade won't meet ur ''short term'' rewards is very very high

but i understand u perfectly, me sef de look am with u but not from a ''short term'' view

fxuser:
Transcorp
- positive RSI div on d daily chart supports bearish slow down (similar to fidelity , diamond , fcmb even dangFlour)
- after d slow down comes the range mkt

Update
- SP breaks & closes above above 20dma 50dma
- positive RSI div on d daily holding up well sig dat bears losing their grip (other ex: fidelity, fcmb & be be lo )
- decent price action ard d 78.6Fib level (an important level)
- even weekly macd shows buy cross over though below d zero line
- daily macd in tandem with RSI
- good consolidation here

#Like

Nbrew
weekly price action is a proper text book pin bar

(small body wt long legs loll, gtbank formed sumfin similar but hen leg no long reach , while Zenith get big body . pick ur spec wisely hahaha )

~justObserving

More on pin bars:
http://thepatternsite.com/Hammer.html
https://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=1101

Rex123:
Any opinion on Honeywell flour??

Trend
- bearish (short, med , long )

Daily Chart
- indicates bearish slow down

Weekly chart
- confirms price rejection of d most recent 52 wk low wh was an area of support in 2016 (#throwback: price bounced by over 50% below heading back down to multi yr lows )

Monthly chart
- price is still below prev monthly closes and current monthly price open at 1.62

Summary
- bears still in charge, no clear reversal patterns but 1.27 seems like an area dat sparks interest


Dis:
cud be very very wrong sir .

All d Big Caps

Top 5 by value were d countries investor toast and d biggest caps ( index gauge)
GTB >2bln
Zenith> 1 bln
Nestle > 0.4 bln
DangCem >0.15 bln
Nbrew > 0.1 bln

- a much welcomed slow down or breather from the bearish onslaught but the war is nt ovr

Infinitisi:
Retracement or Reversal? With the market still bearish my guess should be retracement.

Possible play: watch out for price breaking above the hammer with take profit point at the next resistant level. Don't forget your stop loss.

Oya @fxuser come and mark my exam paper

lollxxx . . . na u set question ohhh

General Mkt
Price Action
- strong rejection of lowest daily closing price week with some trading above opening prices on monday
- indicates bearish fatigue on d down trend (does not mean a trend reversal )
- it hw ur close d week dat matters

Zenith
- rejecting its weekly low on vol and forming a weekly hammer
- noticed positive rsi div on the hrly timeframes (nt d most reliable)
- all indicates bearish fatigue at d moment


#BeFluid

Price projections
- extreme bearish calls is a good sign , just like extreme bullish calls months back was a warning sign

musty00:
Zenith is really moving with the Index.

In the last one month trading, only 4 days did not tally.

Just observing....

another angu
- price has maintained a lower monthly closure from Feb to August
- price is currently trading below August closing price and we may likely see another lower monthly closure making 7 months in a row
- based on available data , this is d longest losing streak on a monthly basis
- one month will sha be green at some point , we wait and see wh one

Note:
Aug closing price was N21

currentprice:
chai! OIL now had a good fall after i pull out of my sell position

interesting weekly chart pattern

Mcy56:
UI?

. . ahan ahan madam, u de ask again .

Infinitisi:
@fxuser what is your background academically? I think you would have made a very good doctor. You have the uncanny ability to tell a patient he/she is dying from a terminal illness in such a way without the patient feeling terrible about it

hahaha OMG ! !
Read Economics ohhh from d oldest Uni in Nyjer

moneywoman74:
Let the wall of this NSE fail let me rest. The best thing i should do to myself is to stop coming to this thread for now.

The tension is always high whenever i am here.

for some of us, d opportunities is always high

fxuser:
Skye
- growing legs from last week

- SP breaking further

(dis MM hennn, very suspect guy )

fxuser:
FBN
- death cross in place
- d defense at n8.80 will need serx back up in due course

bears hv tasted below N8.00 . .
weekly breakdown here

DangFlour
- full offer

4601CE:
These your abbreviations na die .

lollx ..