₦airaland Forum

CCNN
- in its own way , keeps breaking any resistance out there
(less can a mil traded daily )

FCMB Q2
- any thots >

Nice friday close support

Zenith
- good early vol at the close of the week
- ready to re- test N24
- soak it

yok:
MSCI- NIGERIA MOVEMENT FOR 26 JULY 2018/GENERAL COMMENT

The “MSCI- Nigeria” selling party continued as shown by the movement in the fund’s portfolio.

Staying on the sideline continues for me, while looking for those extreme lows. I am only interested in a stock if the fundamentals leads, I will then follow up with the technical.

With what is happening we will soon know who moves the market, as it seems some people are still not clear what influence the Foreign Portfolio Investors have on the market. Let us wait and see where the All Share Index will be in the next 3 weeks if the offloading continues. At start of trading today the All Share index is at 36,427.22.

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.
Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.

N:B

Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

nice one
na real selling parri
$nge breaking below $20 usd

Presco
Monthly chart #random
- massive bearish monthly engulfing candle , -20% drop from opening price
- SP hitting a 10 month low
- dazz a monthly record in over 5 yrs
- over reaction ?? um

#justObserving

tritritri:
Will transcop hit below 1? Still waiting

daz just another 15% drop away ! #umm
nothing is impossible
aug openings wud shed more light

Zenith
- 5th red month , July shud come & be going

Transcorp
- touching a fresh new 52-week low of N1.13

FBN
monthly chart chk
- another lower monthly close
- but since JAN , no month yet to close** below Jan opening price
- poor entries get eaten alive here
-

dis
no positions held

HonyFlour
Month
- back to testing its 52 week low

FCMB
- despite d jump on d daily , still trading below its july open and prev 6 mthly close

Okomu
- -ve rsi div on the monthly chart

Jberger
monthly chart
- hitting a new 52 week low / 5 yr low / fresh monthly low
-

CCNN
Monthly Chart
- breaking protocol , fresh monthly high

https://invst.ly/83jqo

RabbiDoracle:
Nothing has changed in the market. Still no catalyst in sight.

Just a way for people to sell on new entrants.

Between Q2 and year end is a long period.

Funds will still flow out of NSE and other EM come September when the Fed meets to raise rates in the US.

sept hike may hv been priced in sef . . but further still clear & present danger
MSCI EMM and MSCI FM both taking a breather , 4 consecutive higher weekly closures . Make $nge ff suit sef #sigh

FM
https://invst.ly/83ait
EMM
https://invst.ly/83ak-

Zenith
- first weekly in green

Random

If you were completely open to any trade outcome, you would never get disappointed.
- @yvanbyeajee

Agbalowomeri:
You mean resting

hehehe i like dat , in other words , dis may be the lower high

Zenith
- holding above last week close

mendes911:
Whenever market is bullish, charts tends to be more accurate than otherwise. My own conclusion though. When a resistance gets broken during a bull run, you can quietly add more units knowing where the next bus stop could possibly be. That's what I think FX was doing then. I could be wrong with my assumptions.

FX, over to you.

trend lines don't lie
when prices where above the 50dma for example** , it was higher highs and higher lows galore for months
once price broke below it , it's been lower lows and lower highs
when it breaks back above it in weeks or months , expect the same

just an example oh

locodemy:
Adding/averaging up during the bull on higher prices and adding/averaging down during the bears on lower prices.

Professional fxuser prefer the first while ordinary Loco prefer the second.
Na who go come make more money when this bull finally comes back?

who dash me pro . . i remain a student ohh

mendes911:
LOL. Only when the bulls are on ground.....

lollx
na general update be dat oh

Weekly charts
- still not encouraging just yet
- red weekly candles back to back , lower lows all d way
- but downside speed don slow small (smaller wkly body)
- breaking above prev weekly close still a challenge , bears still in charge


- patience with ur drawdown, its just a data
- averaging down is a complicated biz esp in a bear mkt
- don't complicate tinz lol
- make peace with your loss , this too shall pass

Agbalowomeri:
See stone wey oga fuser land for my head this early morning

Abeg who sabi where I fit buy Chinese candle, may be this will appease u

arrgh agba ... lai lai
i de yah team oh

Observation

In Jan
- People be like price is going to the moon


In July
- People be like price is going back to 60 kobo

PETERiCHY:
Being a LEO and a SLAVE DRIVER.

Today is my birthday and Saraki his PDP cohorts gave me a memorable birthday gifts.

Power to the people

Happy Birthday To The OcToPus . .

currentprice:
i like you grave robber buy

serx one

mendes911:
FO about to hit N22. I hope people didn't buy-in based on that subsidy payment kiniko....

and thus . .52 week low begat 52 week low

Agbalowomeri:
All these grammar make fcmb reach 70kobo first

jaaz wicked
no de scare fresh ghost readers ohh . . . loll
if this fails 1.56 next

Coolcash1:
Further dip after the bolded won't be a bad idea....you feel me...

#TheMoneyGang

bears feed fat under the 50dma

Chibuking81:
https://www.vanguardngr.com/2018/07/breaking-police-besiege-saraki-ekweremadus-houses/

BUHARI, IGP, AND OSHIOMOLE the APC national chairman's behavioral act, are becoming undemocratic.
Their actions are bringing more bear to the market. In fact, undemocratic bear is visiting NSEM.

leave this ones . . political risk priced in

Grab more Popcorn