₦airaland Forum

BullBearMkt:
...as the NSE Index is collapsing, majority of stocks will also be falling with or without sound fundamentals. However, I noticed that the index is also close to support level, if this level can hold, then a reversal is imminent, otherwise, further fall of most stocks will be witnessed in days to come

desperate for back up ! !

yok:
MSCI ADDITION FOR 18 MAY 2018/GENERAL MARKET COMMENT

MSCI index sold again heavily on Friday 18 May 2018. Heavily affected by the sales were: Access, FBN Holdings, FCMB, GTB, Nestle, OANDO, UBA and ZENITH.

And following the adage, to be forewarned is to before arm. We should know on which of the market to cast our vote for, bears are still likely to be in control for the 1st 2 trading days of the week.

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.

nice one
dat pic is hilarious .. lollx

currentprice:
technically UBA is ready to run

my best tier 1 bnk fundamentally

hv a look at UBA monthly chart
still a lot of caution out there
4 monthly lower closures back to back #umm
can May close above April closing ?

Owiii:
Please, is it advisable for me to buy Japaul shares at the moment?

NO

NEM
- last month candle resemble hanging man
(https://www.investopedia.com/articles/active-trading/040914/understanding-hanging-man-optimistic-candlestick-pattern.asp)
- taking a second month rest after a very great run since last yr JAN

chart:
https://invst.ly/7hys5

currentprice:
technically UBA is ready to run

my best tier 1 bnk fundamentally

yeah , i see am
holding very well
i like d chart consolidation

fxuser:
Diamond
- u dnt want to be long on a weekly gap down
- had a 2 day relief but still down over -18% from prev week close & ard -26% from prev week open
- price breaking and closing below 40 wk MA
- Weekly RSI alsso breaking below 50
- pls caution to holders i beg
- this kind thing can mess ur account & emotions up, and take back all ur gains
- chart : https://invst.ly/7hyag


chart ps:
note the gap up example ard nov & how each week closes abv prv wk making new highs den compare with last 2 weeks

Fidelity
- already shared by bullbear
- looking at dis weekly again and its warning dat things can ''possibly'' turn messy
- caution to holders carrying drawdowns
- its in dire need of a bounce next week else . . . um

Diamond
- u dnt want to be long on a weekly gap down
- had a 2 day relief but still down over -18% from prev week close & ard -26% from prev week open
- price breaking and closing below 40 wk MA
- Weekly RSI alsso breaking below 50
- pls caution to holders i beg
- this kind thing can mess ur account & emotions up, and take back all ur gains
- chart : https://invst.ly/7hyag


chart ps:
note the gap up example ard nov & how each week closes abv prv wk making new highs den compare with last 2 weeks

UBA
- closed at the day high on friday
- rejecting below n11

Access
- 14 week low , coming to test 40wk MA
- likely bounce ard here

Oando
- formed a weekly hammer , closing back above prev week close
- lets see hw it opens , cud be gra gra

#wkcharts

Agbalowomeri:
And that bullish engulfing on Monday

wont be a bad idea

currentprice:
fidelity technically

dat Bearish Engulfing weekly candle ehn . . . #chai

arduino:
Patiently waiting @N5.00

haba !

Chibuking81:
Hope Fidelity will finish today on #2.11

seems it wants to test 19th march day low

TLAX:
I hear you on Dangote Flour. I left with bruises but I live to fight another day.

cheers bro !

mendes911:
Nice one. Abeg run TA on DangFlour.

I believe previous support is N8.00?

depends on d time frame , ard N9.84 test
but another bearish weekly engulfing candle forming ... 2nd one in 3 weeks
price now below 200dma for d first time in over a yr , 50 dma sef is sloping downwards
my issue here is over head supply build if support is not found in days or weeks to come ..
all those whose entries are above price will start hving break even mentality and just want to get out


#umm

Chibuking81:
Zenith bank still forming boss at #27.97 but will soon visit #27.50, then will proceed to sub #27
There is no news around to bring in bull, q2 is still far.

nothing really in d short term to ginger d swagga
lolx

fxuser:
diamond don call back up today oh lolx ! still trading below the weekly open & prev monthly close

Oando
also vexing

FCMB
- dat N2.60 fence

mendes911:
I will rather buy Fidelity at N2.30 than Diamond at N1.30.

diamond don call back up today oh lolx ! still trading below the weekly open & prev monthly close

Agbalowomeri:
and tomatoes lol

lollx .. pple talk about their wins , me i prefer to share the losses ..

Disclosures
my 2 yeye trades for d yr , all coming from buying early

Fidelity
- dis bae will take back everything she gv u if u let her ! lollx
- okay sold half at a loss some weeks ago , after that failed N3 support buhaha
- my stop loss was hit but instead to let go of everything , i sold half , no b big position nah i thot (i no ff my rule book, shud hv sold all oh
- pre ex div , price cud barely hold on to N2.50 ohh ( it was d only red colour on my excel risk sheet loll)
- anyways d little left ehn is at -20% (this is against again is a breach of my rules lolx, but in trading , things happen.)
- my goal is to be more discipline, and improve on risk mgt . (if u cant manage N1 well , N100 will be a headache)
- the good thing is i kept d loss below 2% of portfolio , this rule is NUMBER 1 , MUST NOT BE BROKEN (we are learning dis risk mgt thing by fire by force lollxx)
- dat account or portfolio is at +3.5% and tilted towards cash, dry mkt anyways
- i know me of yrs ago wud hv spent cash on trying to avg down and complicate dat singular trade and make a mess of things #gettingberra
- will keep u posted

DangFlour
- with dangflour , took a small loss wen d N16 support broke down (made so much money q4 into Jan)
- my itchiness was eager to make another move . but mkt had en ow plans , he no send me lollx
- so price broke below N15 , zigzag zizag small, hit my stop loss , i jejely sold out with a nice loss. (losses are trading sch fees lollx)
- but the outcome is u hv 1 less bad trade to think about and it frees ur mind
- i think i wrote a redFlag message on dis too

to d newbies reading , our first assignment is not making money oh , its managing capital (naira & emotions). d money will always flow

#Bless
#Randomshare

Fidelity
- bargain hunters just fold arms

Access
- breaking below a tight range , UBA sef don join am ! FBN wan ff dem
- N11 support turns to resistance

#nawa oh

Ucap
- rejected at N3.30

#umm

Mcy56:
Me ehn, I have itchy fingers. One minute I'm in, the next minute I'm out especially if the stock is under 'controversy' at that period in time.
I have Fidelity now anyway but will be out if it keeps dropping. Reason why I'm looking for info that could either let me stay or commot.

I know dis feeling to well !
No b everytime my broker chop , I de chop .
Dont really like any current structure ...

Mcy56:
Which one are you referring to? Diamond or Fidelity? Find support where? No vex.

diamond has broken below its 50 and 200dma oh !
exercise caution if u considering a play


#RedFlag

Mcy56:
Please share the info you know about Fidelity. Is it good for pick at current price?

Between: This Diamond is tempting person o

coming to test the 200dma , shud find support here

BullBearMkt:
...Fidelity has almost similar story, but in this case, there are more room to fall.
Expecting some bull reaction btw 1.5 - 1.7, then a low below 1.2 will definitely drag in sentiment sellers and buyers.

As I mentioned some weeks back, monthly outlook of NSE index is not looking good, so long-term investors should waiting for opportunities lurking around

deadly weekly , enuf traps all d way
how body @BullBearMkt
good to hear from u
tgif

Chibuking81:
With the attractive current price, which of these three will have faster capital appreciation, in the next 3 - 6 months. Also will be good to enter at its current price?
1 Fidelity
2. Zenith
3. UBA

Using recent RSI (momentum oscillator)

Daily RSI
Zenith 50.6
UBA 37.46
Fidelity 31.23

Weekly RSI
Zenith 50.71
UBA 49.75
Fidelity 45.24

#RandomChk

swilo:
Oga FX,

Please, any TA thoughts on the NSE ASI?

Pull backs is a good teacher for me .. shows d quality of entry and exposes ones discipline to ff rules.
- d challenge is dealing wt early entries , extended drawdowns can complicate good judgments, cash mgt, emotions and bias . U will see a lot of it hidden in d comms


#RandomThots

swilo:
Oga FX,

Please, any TA thoughts on the NSE ASI?

plenty bro .. cant even share all


- Index still below the 50dma (41,211) but RSi making higher lows on d daily forming a +ve divergence #good
- Positive div further supports bearish fatigue
- Index still above the 200dma (38,426)

summary
- short term bearish , long term bullish wt bearish fatigue in d short term while bulls are undecided