₦airaland Forum

NSE Index
Random Weekly chart (Death Cross & Golden Crosses)

- last Death cross in Oct 2014 , MKT dropped over -35%, from 43k to 28k in ard 20 wks (twas more bloody dan this: https://invst.ly/8jzu8)
- had a relief bounce and then continued d down trend till 2016
- the 10wk MA (50dma) didn't cross back above the 40wk ma (200dma) until Jun 2017 (Golden cross) wh came to an end July 2018 (https://invst.ly/8jzwc)

reminder to self
- bearish seasons can last longer dan u can expect and nt make sense, ff d trend lines
- things can still get a lot worse despite any relief bounce etc
- keep plays short and small
- cheap can get cheaper
- every big loss started out as a small loss
- deriz no lov under the 50ma or d kumo

#RandomStuff

lets look at banking index sef

Bearish seasons
- bearish period brings about bearish stories and bearish views (vice versa)

SterlnBank
- SP breaks back above 50dma

Skye
- cooking

currentprice:
proshareng recognized all the 7.91B as earnings for the H1 period, i saw 96.5M as the earnings from continuing operations. waiting for Q3 for more clue until then FO still overprice in my own opinion

where d fair price ?

Agbalowomeri:
All of una don begin read Isaiah Chap 6;8
Isorite

dis agba ehn . .

FCMB
- wud be nice to see 1.70 yr low re-tested

robobo:
should we brace for a break of 70 den since breaking 80 seems impossible?

umm
- not impossible , probability is shifting more to d sellers mkt
- the weekly chart suggests bullish fatigue , with RSI making lower highs as price went higher
- price cud re-test d lower range, lets see hw d week ends

KingDTee:
So sad I sold my huge holding in the stock against Sir OGGs advise.
Though he was still the one that advised me to buy after revealing it in a different investment platform back then. Bought at N1.48 and sold in trenches at N1.90 to N1.97. I still made some heavy profit though. looking back, I have a mixed feeling of Joy and some bit of regret. This market can make one some great profit when ur in the know.

nice one
be at peace with any outcome

swilo:
When Forte oil sells the subsidiaries... Amperion power, FUS and Ghana APOG....
1. Will the non controlling interest remain the same?
2. Is there any knowledge as to what these funds will be used for?
3. How does Dangote refinery affect the new Forte oil produced from this spinoff?


Cc... Wanajo, Pluto09, MH, MPeace, Mendes

This may help:
https://www.proshareng.com/news/Stock%20&%20Analyst%20Updates/Forte-Oil-Plc--Will-Planned-Divestment-Unlock-Value-/41648

Summary
''Therefore, on our revised numbers, we now have a blended FVE of N34.35 (vs N61.44 in previous communication) using a blend of DCF and Residual Income with respective weights at 50% each. Relative to last closing price, this translates to 58.3% premium and a BUY rating on the shares. The company currently trades at a forward P/E of 5.37x which is at a discount to peer average of 7.54x. ''


#fallingKnife

onegentleguy:
NOTE: Folks SHOULD keep a keen EYE on MAY & BAKER !!
...and if ur already in it, I'll suggest u HOLD.
Just a suggestion.

DISCLAIMER: Not a BUY recommendation !!

another nugget
- profitability jumped massively in q1/q2 , (d headache of dis givt is good biz for healthcare)
- they also hv a right issue at N2.50 wh just closed .

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

Aiico
- RSI uniformity rejection wt closure at d day low , much expected profit taking (someone said rallies are typically 4-5days, #SpotON)
- anyways high possibility of a gap down
- SP remains well above 50ema and 200ema
- where will d higher low be trend needs a higher low abi to continue !
- ... umm d .0.382fib is ard .86, while .05fib is 0.80 (fib pple , pls correct me here)
-

Seplat
- touched below N600 ! !
- SP also breaking below the 50ma and 200ma (caution flags in TA)
- possible death cross loading



#JustObserving

mendes911:
How do you remember all these words?

in some other groups , its required to be able to ff discussions very quickly oh. Initially i thought they were writing in tongues lollx
its helps summarize charts very quickly , esp wen u hv a lot to cover in a short time

arduino:
No try me o....

lollx
no worry , deriz a Tk crossover below d kumo (considered weak) but the cloud is acting as a resistance while the kijun is flat

in other words just CHILL

#JustObserving

CI Leasing
- out of sync with d general mkt , another 52 wk high

Wapic
- trading above prev wk / mth closure wt abv avg vol !



pls nt a buy / sell recommendation

Naicom Deadline and d Insurance sector rigmarole

- please where are d insurance JIJOs specialist ? this sector is full of traps

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

wud be nice to see N1.05 yr low re-tested ! who knows

FBNH
- rejecting below N9 for 3rd time btw May to Date ! tug of war

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

Oando
- still below and above d opening /close of dat panic week 8 wks ago (7wks inside bars lol)
- SP testing last week/month close


#JustWatching

DeRuggedProf:
CCNN

buyers turned to ghost

dipoolowoo:
BREAKING: South Africa Slips Into Recession Again, Q2 GDP Drops 0.7%
https://www.businesspost.ng/2018/09/04/breaking-south-africa-slips-into-recession-again-q2-gdp-drops-0-7/

wt zar breaking above 15/$

BMZK:
Brent crude heading to $80 !!!!

back in d day , dis was enuf to ginger bullish sentiments !

tritritri:
ASI losing 2.85% , FXUSER / BBM what happening ?

d big caps shedding more weight

Brent
- still bullish , above $78

onegentleguy:
A very Good Morning to u all.
May this new month of September FULFIL our hearts desires !!

Cheers.

AIICO
- breaking it out further or pumping harder

a blessed and fruitful month

FBN
- weekly and monthly charts remain very bearish
- friday was a lowest monthly and weekly closure dis yr (same for gt, zenith, uba etc )
- caution


#RandomCharts

fxuser:
Bonds Watch

- ''Yields on the 5yr, 7yr and 10yr benchmark bond rose by 8bps, 10bps and 7bps to close at 14.65%,15.08% and 15.13% ''
#news


- debt mkt also feeling the sell off heat , 7 yr breaking above 15%. one wud think d expected sept hike already priced in !

#random

Fed Hike Wahala:

Debt mkt last week:
CBN raised stop rates across the 3 tenors offered at the auction, d 364-day maturity closing at 13.045% vs 11.22% at the last auction. FX outflows taking a toll on reserve levels, now below $46 billion mark, the first time since Q1 2018.

Outlook:
More volatility in d debt mkt, wt rates expected to trend higher in the short term.

#King$

Bonds Watch

- ''Yields on the 5yr, 7yr and 10yr benchmark bond rose by 8bps, 10bps and 7bps to close at 14.65%,15.08% and 15.13% ''
#news


- debt mkt also feeling the sell off heat , 7 yr breaking above 15%. one wud think d expected sept hike already priced in !

#random

DeRuggedProf:
Dangcem volume!

just saw 5 bln traded