₦airaland Forum

Zenith
- SP above prev weekly and monthly close
- d week and month turned green !
- d expected reward here is at all at all . . sigh

Seplat
- refresh

stcool:
Forget your TA with Diamond bank, wont happen! Range is N(1.09-1.30)...say I told you later. Whatever happens Diamond Bank wont break N1.00

1.09 or 52 week low are all possibilities to me . .
i think the message is '' downside risk still persists ''

Fidelity
- where next ?

Diamond
Weekly chart
- massive bearish engulfing week
- next junction is 52 week lows test

Mpeace:
Sometime in 2008' this same japaul of 0.30 sold for 15naira. Lol. Time, time. You bad.

loll

Diamond bank
2 perspective
- just 20.62% above 52 wk low of 0.97
- just -68% down from 52 wk high

the further u move away from 52 wk high , the more the over head supply
#random

Been looking for this , thot to share

Link
https://www.youtube.com/watch?time_continue=5&v=3eh0Mzv9DiM



#trading #psychology

swilo:
Thanks Sirs Pluto09, FX, MH, BK, Agba for your responses...

Please, FX is ATR the Average True Range

yes boss . .

FBN
- still under d 50dma , is this the lower high ?

Fidelity
- where next ?

GT , Zenith , Access , UBA
- div paying stocks finding room above prev weekly and possible monthly close

DangFlour
- fresh breaking below prev weekly close , looking at a new lower low on d wkly chart

Yayira:
It is not easy..
You are in the market, wahala
You are in cash, wahala
You are in cash and in village still no rest of mind.

nothing is ever easy , esp trading

swilo:
Question please...

Which is a more favorable strategy from experience...?

a.) Use of stop loss or b.) averaging down

Secondly, what is a good stop loss percentage?


(the question may look naive but I ask to get honest responses based on experience)

avg down: shud be avoided esp in a bear mkts , they can complicate things a lot

stop loss: u can use ATR x 2 as a guide or a % drop below a tested ''support'' level

bigjay01:
thought we'd be experiencing a dead cat bounce in the banking space?

clearly not in july

tritritri:
ZENITH near it 52wks low... tempted to touch.

monthly chart looks scary wt 5 consecutive lower monthly closures

Monthly charts
- hard to find one green month
- most stocks & index closing below their July monthly open
- um

musty00:
Their results still far o, unless they drop earlier this year.

Going by last year, this is how their results came in.

U - 24/08/2017
G - 15/08/2017
A - 23/08/2017
Z - 10/08/2017

They're the ones holding the market right now from free fall, because of dividend

all things work together lollx

fidelity / fcmb

mendes911:
Zenith.... Will it answer those at N22 today. Watching in 3D.

+ve div in place
buying a lil more here & there (cc:loco )

Agbalowomeri:
Greetings from IchimokuPilot

lollx
u've gone TA gaga

above the kumo is where all d good things happen !

currentprice:
run run run

Dis Flour biz . .

Zenith
- its time

Banking index / General index
ALERT
- been looking at charts on all timeframes and its dat time for that bounce **
- a bounce is not a trend reversal , d long term bearish posture is still intact
- d probability for more positive / bullish action in d shorter term is higher
- portfolio exposure is also risk mgt
- if ur portfolio is bleeding , receive some healing in da new month
- a blessed and fruitful week ahead

FCMB

- Bullish abandon baby (see last wed, thurs, fri)
(https://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=3103)

fxuser:
DangFlour
- back out finance income . .

price action shows bearish fatigue
double bottom possibility , engulfing candle on friday , wt +ve rsi div
opening price will be interesting . .
dis mkt no like bad news , & can over react

FA people , wats the fair value ?

DangFlour
- back out finance income . .

NSE index / Banking Index
- next stop is swing high . .
- dat bounce is here
- nt all bounces are created equally lolx

Positive RSI Div

Meaning:
'' A 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 ''

IMO: let me add time frame matters from my lil TA experience

Seen quite a few on d daily Chart , some examples below for newbies . .

GTB
https://invst.ly/83yw1

Access
https://invst.ly/83ywe

Fcmb
https://invst.ly/83ywl

Diamond
https://invst.ly/83ywp

Fidelity
https://invst.ly/83ywv

AND BE BE LO . . .

Dis
this is not a buy or sell signal

#JustObserving

sellydion:
Fibo la chi ? Anyway that is the market gauge.

been looking at d fib from 2016 low to 2018 high on d wkly , 38.2Fib is ard 18.56
we need d lower high to form sef ...
SP suppose test 50dma resistance level at N25

DAngFlour
- weekly hammer , rejecting to close below N9 just like in May
-