₦airaland Forum

yok:
On what Transcorp is doing at the moment, it is expected. If it goes down again, coming back to NGN1.16 will always be a good buy. There seems to be some good demand at this point.

a very wide day range touching N1.16 day low already !
hammer forming here

FBN
- also touching below N9 um

Ucap
- to d brother dat asked

Trend
- SP still under the 50dma (meaning bearish trend persits where sellers are more eager to let go blah blah)
- in summary downside risk shud nt be ignored, shii can happen

Price action
- last 4 weeks hv been '' hammer candles '' (meaning SP closing above wkly lowest price wh shows buyers exist at d lower end )
- but d buyers are below N2.80 for now (dis is a very important area to watch)
- daily chart shows +ve RSI div , so bears are getting tayad but its gradual (dis is ur calm panadol)

Outlook
- expect further consolidation moves btw 3.30 to 2.80 , a break above or below dis range changes things
- let me stop here

Rec:
sit still and be at peace
but if d position is still giving u heachaches or emotional trauma, den sell a lil to find peace

Dis:
TA is not certainty its just probability or possibilities , we all cud be VERY wrong

fxuser:
brent
- $77.60
- another big week ..

Brent
- crossing $78

bounces below d 50dma is a correction , we need dem to consolidate d bottom

Revibe:
20kobo from UBA

at all at all lolxx

DeRuggedProf:
Another reason to wait for Diamond bank at 70K?
Before year end, more negative surprises will appear!
Never having positive surprises!
Jijo team continues to enjoy, 'SHELLHOLDERS' continue to hold the empty shell..

loll wh one be shell holders
lwkmd

brent
- $77.60
- another big week ..

Mpeace:
This UBA is looking to me like a jijo stock. I feel it will soon get back to 9but I just don't want to get trapped.

its liquid eunf .. or u mean u dont want to be wrong !

UBA
- 2nd appointment with N8

Mpeace:
The way our foreign reserves dey fall ehh... Now 45.9 from 47billion.

https://www.proshareng.com/news/CAPITAL%20MARKET/Domestic-and-Foreign-Portfolio-Participation-in-Equity-Trading-%E2%80%93-July-2018/41551

see july

Mpeace:
The way our foreign reserves dey fall ehh... Now 45.9 from 47billion.

supporting d outflow is not cheap , cud hv been worse for d Naira

it only wed

wanaj0:
Except you are Eaton that would like to control NEM not sure why you will be buying NOW. What are you seeing in NEM at N3.00 that was not evident when it was selling at N0.80?

I will not put a BUY on NEM at this price.

BUT Eaton bought at N4.00. Yes they did. They will make their money from other things so you can't compare yourself with them.

Disclaimer: NEM is a substantial part of my portfolio and selling as part of portfolio re-balancing

i like d stock , d issue with for me is the -ve rsi div on d weekly .. hv learnt d hard way nt to argue

Transcorp
- trading above monthly opening price
- also touched a monthly low at 1.05
- even testing above the 50wk MA for the first time in months
- watching hw dis consolidates after the bounce
- mkt may nt be ready for a higher-high , but looking to see if a higher low is formed or double bottom or a breakdown


dis:
just observing

Yayira:
The day this bull will enter market hmm. January bull will be a leaner
If the bear like is it rest and come back.. Mr bull busy gathering mussels horn won’t do enough justice..
7 months at the gym already

wahala

bears taking a much needed rest

currentprice:
there are any diamond in the rough for those who open their eyes widely rather thay shouting monkey hunting to everything they read

as u be one of my oga let me show one

Airline service . go and check it sir

they had super Q1 wt EPS jumping >100%

fxuser:
Debt market

Sterling Bank Plc’s debt issuance of up to N20 billion in one single tenor (“Series 2”) under its N65 billion Debt Issuance Programme.
Price range within which to indicate your commitment is between 15.70% and 16.25%.
Offer opens today, Monday, 27th of August and closes on Friday, 7th of September, 2018.

++
for more details , ask ur broker or bank

all these debt rates are crowding out funds from equities sef

Debt market

Sterling Bank Plc’s debt issuance of up to N20 billion in one single tenor (“Series 2”) under its N65 billion Debt Issuance Programme.
Price range within which to indicate your commitment is between 15.70% and 16.25%.
Offer opens today, Monday, 27th of August and closes on Friday, 7th of September, 2018.

++
for more details , ask ur broker or bank

the Koko of the Matter

Agbalowomeri:
N13 here we come

hehehe dis una projections sef . . N13.25 kan

fxuser:
Positive divergence on d daily

- mkts can fall or rise on very low volume wh can create divergences
- its good to see some positive divergence using the RSI on d daily charts
- some are more reliable dan others , weekly charts carry more weight dan daily (IMO)


What is +ve Div?
A positive / bullish divergence occurs when prices fall to a new low while an oscillator fails to reach a new low. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end of a downtrend.

dis:
PLS PLS PLS not a buy , sell or HOLD recommendation

Further reading on Divergences

Link:
http://www.newtraderu.com/2017/10/18/trade-divergences/

Agbalowomeri:
Chai u be witch o, how did u guess my joint

Agbalowomeri:
Abeg explain grammar to madam o
I no fit handle oestrogen surge

dem see u for mauve

Agbalowomeri:
Lol
Confirmation bias

my prev reply was very technical . . and i wanted to assume she meant correction rather dan reversal. it na reversal , na lai lai
if she said correction , then na different question

DeRuggedProf:
preparing the pad (Panic/Anxiety Disorder)

P-A-D is caused by high levels of FUD

(fear uncertainty doubt)

Yayira:
235 million units! Who is selling ? Who is buying?

Fxuser what happens when a stock has reached an oversold level ? A reversal ?

No ma

fxuser:
UBA
- touching below N8
- weekly RSi is oversold ( last time it was here was back in 2016)
- bears need a break at some point ..lolx #kilode

um massive vol !

Mpeace:
Could this be a reaction to US threat on Iran? TRUMP

US inventory was much lower than anticipated (SS side effect)

Zenith
- aiming for its 6th lower monthly closure , dis wud be a record

https://invst.ly/8f6-t


#Nawaaa

UBA
- touching below N8
- weekly RSi is oversold ( last time it was here was back in 2016)
- bears need a break at some point ..lolx #kilode