₦airaland Forum

Agbalowomeri:
The kain range wey that Aiico did na only Afriprud compete with am

WORD sir . . babanla long term range , nbst
any close above that range top na serzzz deliverance

Aiico
- i see una , freedom

Wapco
- weekly close above 16.30 is important

sellydion:
Agba should not worry too much as long as GTB is leading the pack. UACN is going places

Keep seated.

UACN
- every pull back is a fresh opportunity

onegentleguy:
Yes he is right about the statement that tax will no longer apply on dividends going forward.
I believe thats what the part that reads; "Excess dividend tax to apply only to untaxed distributions other than profits specifically exempted from tax and franked investment income" in the new finance bill implies.
The interpretation of this that CAGT are now exempted from dividends distribution.
The argument(which I recall I've also stated here in times past) is that taxing of distributed dividends(from earnings) after taxing of profit accruals from same earnings(PAT in view) is tantamount to double taxation and should not be encouraged.
In retrospect, my thinking is that the government may have sought this path as a way of boosting the capital market by encouraging retail investor participation.

The rule however excludes companies in the oil & gas sector.
Going forward, the new tax law stipulates the complete removal of tax exemption on dividend paid from the profit of coys in that sector. ...which makes coys in the oil & gas business segment one of the biggest losers of the new tax regime.

Contrarily, companies in the INSURANCE SECTOR are by far the biggest winners, as the new law allows them to carry forward their tax losses indefinitely and deduct reserve for unexpired risk 'as time calls for it'.
...again, the special minimum tax requisite for insurance coys have also been abolished.

Further analysis...
While the coys in the oil & gas sector are the losers in the new rule, I still see less of an impact to an investor(reward margin in view) in FO and CONOIL and more in TOTAL, OANDO and MOBIL(in that order)
...this is in view of their current mkt prices.

In the INSURANCE space, their are lots of good reasons to associate with coys like CUSTODIAN, AIICO, AXA MANSURD and LINKAGE in that order.
...time will not permit me to drive in-depth.

Elsewhere, the banks are also amongst the winners.
There is a reason why that sector seems to be the toast of investors despite the recent wave of policy interventions from the CBN.

It is well.

cool

NGE ETF
- price breaks back above 200-ema
(note price behavior while under since 2018 Q1 , making lower highs and lower lows )
- pull backs above long term MA's offer entry positions
- long term investors can hold while price stays above, ignore the noise and exit once price breaks below. Sleep well all thru

Mcy56:
FBNH 7.65.....................the elephant cannot come and go and be carrying last.
UBA ....N9.00
Zee................already viewing house No. 23 from not too far distance.

**Fbnh updated

- Good start to d week
- Early price breakout abv prev week always good continuation

#bullishStruvzzz

debeey87:
To the ogas familiar with charts, can you please explain what the numbers in the charts below imply or direct me to where I can get an explanation to it. Thank you very much.
cc: fxuser,bullbearmkt,rabbioracle,agbalomeri, currentprice

um na extensive reading u wan do sooo ohh

umm check:
Start with :
- Momentum indicators and oscillators

Link ex:
https://www.investopedia.com/investing/momentum-and-relative-strength-index/

Vid Examples:

https://www.youtube.com/watch?v=LBO9tOdvfSM

fxuser:
in light of Bullish Trend, some simple tips :

Ten things traders need to know about moving averages.

1. The 21-day moving average commonly marks the short-term trend, the 50-day moving average the intermediate trend, and the 200-day moving average the long-term trend of the market. The SPY is generally the best tracking ETF for the market in general.

2. In sharply trending markets I have found the 5 day exponential moving average and the 10 day simple moving averages to have meaning as entries and exits to help manage my positions when the longer term moving averages are too far away.

3. Exponential Moving Averages apply more weight to recent price changes, while Simple Moving Averages view each data point in the time frame equally.

4. SMAs let you see where other traders both big and small are buying and selling. The meaning of moving averages as support and resistance points on charts are a result of how other traders are reacting when they are touched by price.

5. Where the price on the chart is in relation to the 200-day moving average is an indication of whether we are in a bull or bear market. Generally speaking bulls keep their confidence to stay long above the 200-day moving average, while bears like to sell short below it. Bears usually win and sell into rallies below this line, and bulls like to buy into pull backs above it. This line is one of the biggest signals in the market telling you which side to be on. Bull above, Bear below. many long term trend following systems are built with this as a primary indicator.

6. When the 50-day moving average pierces the 200-day moving average in either direction, it supposedly predicts a substantial shift in buying and selling behavior. The 50-day moving average rising through the bottom to get above the 200-day moving average is called a Golden Cross which is bullish, while the bearish piercing of the 50 day coming from above and falling beneath the 200 day is called a Death Cross.

7. A great second chance entry on a hot stock is a retaking or bouncing off a 50 day moving average for the specific stocks chart. Many institutional buyers are waiting at the 50 day sma to add to their long term positions.

8. Getting a monster stock with huge future earnings potential at the 200 day is like a gift from the trading gods and usually happens as we come out of a bear market. However if the 200 day is lost it is very dangerous and could begin a fall with no net, this is a time to short the old leaders that may go into death plunges.

9. Some traders use systems that give buy and sell signals when a shorter term moving average crosses over a longer one. Legendary trend trading pioneer Richard Donchian used a five and twenty day moving average cross over system for buy and sell signals.

10. Some traders watch for when a moving average begins to slope upwards or downwards and consider it as a signal of a trend beginning, continuing, or changing.

Each trader must decide how to incorporate moving averages into their own system and time frame. If you are not familiar with them I urge you to pull up the daily chart of your favorite trading vehicle and add in the 5 day ema, 10 day sma, and 50 day sma and look for trending patterns, it may surprise you

link:
https://www.newtraderu.com/2013/05/26/ten-things-traders-need-to-know-about-moving-averages-2/

Using Moving averages
Good Vid:


https://www.youtube.com/watch?v=jdYNaE5GJ0k
14 mins

- dont fret
#KeepSimple

in light of Bullish Trend, some simple tips :

Ten things traders need to know about moving averages.

1. The 21-day moving average commonly marks the short-term trend, the 50-day moving average the intermediate trend, and the 200-day moving average the long-term trend of the market. The SPY is generally the best tracking ETF for the market in general.

2. In sharply trending markets I have found the 5 day exponential moving average and the 10 day simple moving averages to have meaning as entries and exits to help manage my positions when the longer term moving averages are too far away.

3. Exponential Moving Averages apply more weight to recent price changes, while Simple Moving Averages view each data point in the time frame equally.

4. SMAs let you see where other traders both big and small are buying and selling. The meaning of moving averages as support and resistance points on charts are a result of how other traders are reacting when they are touched by price.

5. Where the price on the chart is in relation to the 200-day moving average is an indication of whether we are in a bull or bear market. Generally speaking bulls keep their confidence to stay long above the 200-day moving average, while bears like to sell short below it. Bears usually win and sell into rallies below this line, and bulls like to buy into pull backs above it. This line is one of the biggest signals in the market telling you which side to be on. Bull above, Bear below. many long term trend following systems are built with this as a primary indicator.

6. When the 50-day moving average pierces the 200-day moving average in either direction, it supposedly predicts a substantial shift in buying and selling behavior. The 50-day moving average rising through the bottom to get above the 200-day moving average is called a Golden Cross which is bullish, while the bearish piercing of the 50 day coming from above and falling beneath the 200 day is called a Death Cross.

7. A great second chance entry on a hot stock is a retaking or bouncing off a 50 day moving average for the specific stocks chart. Many institutional buyers are waiting at the 50 day sma to add to their long term positions.

8. Getting a monster stock with huge future earnings potential at the 200 day is like a gift from the trading gods and usually happens as we come out of a bear market. However if the 200 day is lost it is very dangerous and could begin a fall with no net, this is a time to short the old leaders that may go into death plunges.

9. Some traders use systems that give buy and sell signals when a shorter term moving average crosses over a longer one. Legendary trend trading pioneer Richard Donchian used a five and twenty day moving average cross over system for buy and sell signals.

10. Some traders watch for when a moving average begins to slope upwards or downwards and consider it as a signal of a trend beginning, continuing, or changing.

Each trader must decide how to incorporate moving averages into their own system and time frame. If you are not familiar with them I urge you to pull up the daily chart of your favorite trading vehicle and add in the 5 day ema, 10 day sma, and 50 day sma and look for trending patterns, it may surprise you

link:
https://www.newtraderu.com/2013/05/26/ten-things-traders-need-to-know-about-moving-averages-2/

fxuser:
Awon ti transcorp
- d supply holding ur break out is almost finished , dis cud be ur week


a little TA update from my JJC notes
- N1.10 is very important , acted as major support from 2018 to 2019 July

Transcorp folks
- N1.10 remains important , price still stuck in a range for months. .
- range offer no love , ur capital becomes very lazy

#random

Mcy56:
UACN reversal...up......from N10 to N10.70 now.

Those waiting at N9 can continue waiting

veecovee:
... could end up the biggest green candle since 2018

RT ..
seems omo money no find where to go and more maturities incoming , UBN de issue 4% CP lollx
dat liquidity needs to finds where to hide for now

fxuser:
break above n15.40
oya

- soaked all those offers deceiving pipu on good vol
- price abv prev week is good esp on vol , very good chart
- close above 16.30 is still a buy technically
- awon FA pipu have given a pass mark for weeks now , d timing for another move is here

fxuser:
have a more comprehensive notes , but will take oo much space
each stock takes plenty sppace lollx

break above n15.40
oya

Mcy56:
Weldone sir. You're fully on ground today.

like how prices have trumped monday openings ..
dis Jan candle is setting up to be one very big monthly candle
prices can go further dan we expect

#bullish

Mcy56:
UBA doing 8.90 now......mentioned earlier that it may retest 8.85 again and move past.
Hhmmm. NSE!

quickly found support abv N8
demand remains in charge

veecovee:
I think the next 3 monthly candles may end up greenish.

I thought though

RT ..

( to newbies , if price is above prev month close , fear not , stay put if in doubt )

its so easy to sell support and buy resistance

Zenith
still a buy how ever which way
another inside bar week,
very shallow pull back is bullish (remember uacn)
price quickly heading towards prev week close
fresh brk out coming in sooner

currentprice:
this month candle will end surprisingly and next month candle will be higher than this month

everything is clear on the chart as at the time of posting

cc fxuser

Yes boss

pluto09:
Thanks a lot for taking your time to do the summary.
I always like to see the chart so as to aid my learning process.

have a more comprehensive notes , but will take oo much space
each stock takes plenty sppace lollx

TLAX:
Gbam!!! I couldn't have said it better.

Folks should be circumspect of every advice and recommendation they get here on NSEMPA and elsewhere. Paid for and free.

i think it all part of the learning , people will make costly mistakes and hopefully ''learn from it '' and not be bitter about it or blaming other people for their actions or losses ! no one complains when all well and good its when d big losses come u will hear.

its d same everywhere , forex , crypto , commodities etc

but i like d dis part
'' paper profit because no one is BUYING ''
- nothing worse than been too heavy in an illiquid stock , d lesson stays with you for years lollxx

DeRuggedProf:
SUMMARY:
Habakkuk 2:3
For the vision is yet for an appointed time, but at the end it shall speak, and not lie: though it tarry, wait for it; because it will surely come, it will not tarry.

chai

pluto09:
You can help us to post the chart sir.

- sure but I shy away from dem ,cause some dont know basic candle sticks to they dont really know wat they are looking at
- Last week engulfing candle is very important , similar to that week in June when price moved from N9.75 on monday to Fri 11.55
(engulfing weekly candles are powerful trend signals showing a shift in trend (see access , uacn et al), d bearish ones too shud not be ignored, shows d end hehe) - anyways price broke above prev 8 week closures , so its a very bullish signal
- FWD to last week , similar candle pattern or action, from n13.80 on Mon to 15.40 close even tested n16.30 highs were we saw profit taking
- dat pattern is wat caught my attention not the FA or BUA blah blah, pipu knew wapco was cheap since Oct , its d move u want to be part pff not cheap , another story
- so price broke previous 10 weeks closure ... gaddam , d FA buyers below are happy, they have been vindicated after many months
- the bigger pic shows d support below N14 is now the new higher low, took time too, (since oct)
- now we have a inside bar forming at the upper range of last week .. its a good time to buy some and letss watch how it unfolds
- dat move or action from prev charts across d world suggest higher probability of higher prices , patterns are just summary of human emotions
occuring again and again if u know how to spot dem
Summary / Out look
- a close above prev week 15.40 is also a buy
- a close above 16.30 hig is also a buy (52 week high begat more 52 week highs )
Stop
- a break below N13.7 to N14 support is a sell cause an up trend is series of HH (higher highs) and HL (higher Lows), breaking below a HL invalidates d trend

sorry for dis long banter ! trying to summarize sef is not easy , make i find d chart

Mcy56:
Okay. I gerrit.

Meanwhile, some crossings are taking place in Wapco. Those sales were not from the floor.

best to look at d weekly chart
all d daily noise (xver et al ) is forming a weekly inside bar at the upper range of prev week
how to say dis in english is another matter dat will take too much time
all d noise is consolidation in summary of a much bigger move


(An "inside bar" pattern is a two-bar price action trading strategy in which the inside bar is smaller and within the high to low range of the prior bar)

Mcy56:
How oga mi?
Access has 21M bids against 6M offers as at now sha.

no alarms
we are both looking at different time frames Ma

DeRuggedProf:
process of people trying to confirm sensitive info from him that he becomes aware that something is brewing up somewhere.
..

Prof dis forum is filled with good info if you know how to sift thru the noise
hehe u shud teach newbies how to manage their path thru dis maze

Mcy56:
UBA is moving 8.70 now........
Zee, FBNH, Access......accumulation ongoing.................

some bids are just filling up space

#issorai

Mcy56:
UBA is moving 8.70 now........
Zee, FBNH, Access......accumulation ongoing.................

access pull back is different sha

all pull backs are not created equal

jamace:
BOCGAS : What is the FA situation pls?
@Current Price, FxUser, Oga Emma, OGG, any one

no idea boss