₦airaland Forum

in a strong rally , u dont pull back for long
consolidations can take a while

Fidelity
- post ex div bearish malaria needs relief
-

Market
Monthly charts health check
- 4 month pull back ongoing
- bears taking back some gains after a massive 2 yr upside
- most stocks still trading below / close to a 4 month low
- any entry in d last 4 months will likely be in a drawdown
- if the next rally fails to break PREV HIGHS .. dats big caution, we need 52 wk highs to make new ones lol
- on d good side , weekly RSI holding above 50 level (support area, also entry TA level)
- most'' stocks hv broken the 50 dma (short term bearish)
- most'' hv found support / trading above d 200dma (long term bullish )
- MAY needs to close well sha !

Transcorp
- we are catching cold under 1.60

Zenith
- serx vol

Fidelity
- bleeding out early buyers from time memorial
- dis is it

Access
- finally breaking below N11 lower range towards buyers territory

samzepaparazi:
Its 14.28 people want to make or crash price

mid week still bearish ! if not for the dangCem wuruwuru closure . .

fxuser:
FBN
- breaking below UBA and Access ! !

Mr mkt

DangFlour
- breaking below n11 on some vol
- desperate for support

FBN
- breaking below UBA and Access ! !

Mr mkt

Trading
- a small loss is also a win

#um

locodemy:
Let your technicals guide you now.
Follow YOK the marketer and MSCI brother of MILOST the game planners and drown like Janet.

loll janet cant even find water to swim in this low tide

#+veDivergence

fxuser:
transcorp
- i'm on d queue here to show support

market in need of FOMO else we keep hugging this 40k levels for a long while

transcorp
- i'm on d queue here to show support

Fidelity
- umm

Diamond
- exit door opened

yok:
MSCI GLOBAL FUND

The fund hold so large a quantity that it cannot sell all at one time.

Equally the fund is established to invest only in equities. Thus they cannot sell everything. If they make no capital gain, they have the dividend as the benefit for the investors.

why they are good gauge for the market is that "they buy more when the market is going up, and sell more when the market is going down".

Thus following them means selling more when market is going down or you stop investing: buy more when the market is going up, just like the fund so that you can participate in the gains.

Equally when they are selling it means there is the probability of little capital gain, thus you reduce your expected profit in such period. Equally the activity of the fund is backed by heavy fundamental analysis behind the scene.

Sorry if you need further explanation from my side let us continue to state our fears/opinion on the fund and will respond as time goes on.

For me, this is part of my analysis and will continue to follow them, I was out of Diamond about 2 or over one month ago at NGN2.50 purely based on the quantity of the fund being sold by MSCI (I just state that I am no more in Oando equally on what the fund was doing), you may need to send me a mail maybe I send you some of the data that we used that has made our investing life so good based on having MSCI as part of our idea bank.

Thanks. I love the interactions.

nice one
always looking fwd
do u chk u FM africa also ?
4 Nigeria stocks make the top 10.

samzepaparazi:
I dont follow them again. The info is not useful.

ff dem years back , even kept excel sheets and all for a very long time #nbst

2 Useful observations IMO

1) wen they delete or add a stock, u want to be on d same side of the trade esp in d short term !
2) wen u see cash building up without any stock movement . . things can happen sooner dan later

wanaj0:
Can Milost come and inject $300m into Diamond Bank?

lollx . . MiLost $$ na Mi-Vanish

onegentleguy:
The BULL is definitely around the corner. ...the more it tarrys downwards the better and higher the aggressiveness with which it shall come !!
The Nigeria economy is clearly very well placed for it.

Here are a few positive array of news:

- Oil prices near $80/pb.
- CBNs Investors & Exporters window is doing monthly inflows of over $5 billion. ...clearly showing that the draw out of net inflow to outflow currently favours capital importation. ...monies are gradually flooding in.
- CBN sales in the FX market down by 69% in April from $1.3b to $420m.
- External reserve closing in on $50bn providing a near 15 months of import cover.
- 91 days TB down to 10%. ...and with a much higher probability of yeilds trending further down.

My Verdict: Follow ur instinct.

Regards.

dont forget the IPO of d decade coming also !

RabbiDoracle:
"Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks."

~ Warren Buffett

lov it
changing focus ..

Mpeace:
It might just end the day on full bid.

u don mop am abi ! ..

Mpeace:
It might just end the day on full bid.

or full offer

samzepaparazi:
7:1 no foreign body should infect this matter plis.

squeezing to d last drop . . SP looking to test below dat 1.60 for last blood

Coolcash1:
Good news for Conoil when crude oil price is on the rise....

http://africaoilgasreport.com/2018/05/in-the-news/aggressive-conoil-doubles-production-aims-for-a-quadruple/

upstream lou lou don start

fxuser:
Fidelity

< N2.30 umm

chai ! u pple ehn

Fidelity

< N2.30 umm

Justcul:
Eterna oil; probably the 6.93 resistance is defeated..

Cc:Fxuser

yeah
- higher opening , breaking N7
- its still long term bullish
- bulls are taking d fight early to d bears and retest 52 week highs !

Access
- still been squeezed

#Like

kolaish:
Diamond and Japaul are both in a competition of who can win the highest offer size, so far Diamond is ahead with 1 million units; 34m for Diamond as against 33m for japaul.

Japaul get more experience

DangFlour
- finding some more support

Caverton
- further gap up