₦airaland Forum

52 wk lows and highs

- the first one is d most important
- the first one is never the last one
- the last one is quite elusive
- they are both late indicators in TA , unpunctual for trend identification purposes
- however they confirm an ''existing'' trend
- they never make sense
- they can or ''will '' likely go further than u can ever expect

#PersonalObservations

dis:
i'm a TA learner ohh & still a student

musty00:
Chai

I wish I had the courage to wait till then to buy my first tranch. That's like 13 naira

By then, I'll be buying my third tranch

seems ANY price below N18 is a buy on ur plan based on increasing div yield attraction esp above the 20% levels !

#interesting

arduino:
At the bolded, where have you been For your Access Bank, I will advise same....Exercise patience and hold on. If you also have small free Funds you can also consider averaging down on Access.

um d '' averaging down '' losing positions

caution pple , try not to complicate a bad situation , but if u feel dats d only ur plan wants to go , be gradual very very very very gradual in ur executions else DON'T PLS

Dis
i'm a learner oh

musty00:
I don't use it o

I just hold until I'm in profit. I continue to chop dividends.

That's why I need the dividend yield to be quite reasonable . It's a backup. So no panic.

ok

arduino:
Hmmm......My mum and elder sister also bought @N33 so you are not alone . I advised them to sell their holdings when FBNH sold@ about N15.00 but they refused insisting that they must sell above their entry prices.

'' they refused insisting that they must sell above their entry prices. ''

this thinking ehn ..

musty00:
In times like this, it's better to set some criteria that will serve as a guideline or your entry trigger, for different stocks you intend to buy.

For example, I intend to buy my first batch of Zenith when it gives me 15% dividend yield, which is around 18 naira. This is a good safety margin for me. And I'll continue to average down at intervals if the fall continues.

However, I use other gauges which may actually make me enter at plus or minus 18, such as trading momentum, day of the week, etc. For instance, if Zenith gets to 18 on Thursday, I may not buy, because Friday is often more bearish (especially during bear period) and I may have a chance to get it for 17.50 or less on Friday .

Just sharing....not a recommendation.

nice share
where is ur stop loss ? or u dont need one ?

Have Patience

Excerpt:

• Patience to wait for just the right set up
• Discipline to sit on the sidelines and not getting pulled into a trade that does not fully satisfy my requirements
• Discipline to pull the trigger when the right trade comes along
• Discipline to remain detached from open positions and properly manage each trade according to trade management guidelines developed over decades of market speculation
• Patience to allow a position with a substantial profit potential the room and time to bear full fruit

Link:
https://www.peterlbrandt.com/patience-and-discipline-a-traders-friend/

#QuickRead

soloniger:
Is this lowest price for transcorp

um

Agbalowomeri:
Zenith you can do it
Just N6 to go, in three months haba

lollxx Agbanomics

52 week lows begat 52 week lows . ..

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

yok:
MSCI PORTFOLIO MOVEMENT- AS AT 10 SEPTEMBER 2018/GENERAL COMMENT

Is seems the MSCI ETF is gradually slowing down. The transactions for yesterday reduced. Buy buying/selling fashion remains intact.

'' With the transaction from MSCI reducing, propensity for the down trend is likely to continue. ''

- local participation is now above 75% (expected with all d hike , political , fear and uncertainties)

#fud

BullBearMkt:
WAITING FOR ELECTION TO BUY - Does it worth the waiting?



I tried to make any summary out these 3 scenarios but data is too small, however, a common factor are:
-Market rallies in the election month
-Market dips after president sworn-in and lasted for at least throughout that year

With the elections now coming in February, what do we expect

a dip below 30k levels !

Zenith
- looks like it's going to test its 52-week low of N20.40

Bear mkt

''in a bear market, downside extremes are as likely as upside extremes in a bull market. ''

-

aremso:
what is happening to GTb ooo falling than expected!

adjust expectations very quickly

NEM
- beware d -ve div on d wkly RSI ! bullish fatigue

Skye
- growing legs from last week

jamace:
Hello everyone. How market?.

not bad
- bearish big caps
- semi bearish / consolidating small caps
- all setting up nicely for future gains

DeRuggedProf:
https://nairametrics.com/nse-fines-28-companies/

NSE needs d fines alert sef esp with d death of IPO money. Im sure Notore cud not meet FMDQ requirements , NSE wiggled a way out despite d pathetic prev & current earnings report

#sigh

UBA / Access
- interim div qualification is tomorrow

aremso:
so no more price dropping

no oh
d big caps hv more downside risk compared to d small caps . . . but the general slope is not as steep as before , it ''may'' gradually flatten out in a few weeks or months however mr mkt can decide to throw in another spanner sef

#patience

sellydion:
Guys put your eye on trancorp. Get your sharp cutlass ready at the right time.

Those guys will create the market when the time is ripe.

we watching d all d price action pref on d weekly , consolidation has started.

swilo:
For module 1 right?

I have a question... if the face value of the shares does not change with the bonus issue then where is the profit? It looks more like a share reconstruction to me.

arrgh our FA people will help with this , hv locked my FA up a while now

tritritri:
Taken position i doubt..the chart is scary @FXUSER have u started taken position already ? just curious

Foreign Reserves Decline By $2.3bn In 11 Weeks .

nt yet , no clear reversal patterns just yet
CBN is feeling d outflow pressure , its not easy ! Argentina and Turkey are d ones in d heat of d kitchen

swilo:
Stop falling our hand...

Get it here: https://zerodha.com/varsity/

that table at Chap 11.3 , na real Recovery trauma

Agbalowomeri:
The trick is learning the discipline to stay away from the market sometimes

Most valid . .

Agbalowomeri:
May be you meant Prov. 4: 7

yes boss , d koko

Agbalowomeri:
The bad bad things happen in this part of the year
I don't have strength kwa

Isaiah 41:10

fxuser:
May & Baker
- closing above the 10wk ma (same as 50dma) for d 2nd wk
- higher weekly closure wt abv avg vol and above prev monthly close !
-interesting consolidation here (cc:onegentleguy )

#Justobserving

Very similar to diamond , closing above 1.30 levels
interesting stuff

May & Baker
- closing above the 10wk ma (same as 50dma) for d 2nd wk
- higher weekly closure wt abv avg vol and above prev monthly close !
-interesting consolidation here (cc:onegentleguy )

#Justobserving

fxuser:
Brent
- 3rd time rejection at $79/80 levels

a doji week in d middle of a wide range ($80 - $70)

Banking Index
- 35% off the top daz a bearish trend in TA terms ohh, so we expect more lower lows and lower highs
- weekly RSi breaking into oversold levels dis week at 28.5
- wen ''wkly'' RSI breaks back above 30 , expect a '' light '' bounce before continuation of down trend (agba and co mentioned this)
(trading it is another matter, risk-reward is skewed against person)
- d problem with this bearish trends is the overhead supply keeps piling up, meaning every recent entry is likely out of position
- d further out of position ur entry , d more complicated your holding power and objectivity umm


recom
- don't over complicate d matter !

#Random