₦airaland Forum

Wapco
- buyers no send still

fxuser:
- prev 52 week high (ard N10.50)
-

- closing in !
- we shud see a break above

Jejebaba:
Should we still wait for Zenith at 25 Naira according to charts or the thing don zoom off past it.

CC-BBM, FXuser, CP and co.

- gradually moving away

fxuser:
DangFlour
- much needed full offer
- d earlier the better

DangFlour cotd
- shake shake shake
- buyers looking comfortable below N13
- RSI forming higher lows on d very lower time frames .. u know wat dat means
- more importantly weekly RSI holding dat much needed 50 level
- monthly is still scary but d month is nt over

2zona:
So FCMB now closed 2.4 and Fidelity closed 2.44. Will there now be battle for supremacy between the two?

Fidelity
- like FBN , both in tight range while waiting

gloriousdawn:
I can notice Zenith is gradually forming Tower Bottom at RSI of 34, daily timeframe.

loll dats the second tower bottom
TA shaa . . i see am

mendes911:
SEC and Adeosun...

lolx

makashava:
Honey welll came down from 3naira.forte oil also from 40 region... why? Yet I buy more.

um one is trading below d 200dma , and d other is not !

makashava:
Where is resistance for oando...any chartist in d house pls.

- prev 52 week high (ard N10.50)
-

DangFlour
- much needed full offer
- d earlier the better

UBA
- positive RSI div on d very lower time frame (similar to other banks post ex-div)
- bearish fatigue setting in probably
- watch list mode

Zenith
- price recovering early in d week above last week close on low vol
- buyers calling out d remaining bears probably

Fidelity
- buyers feeling comfortable below N2.50

fxuser:
Oando
- expected full bids from last week continues

SkyeBank
- also on full bid

and Unity bank !


na wa

Oando
- expected full bids from last week continues

SkyeBank
- also on full bid

GTB

- big vols early
- over 1 bln traded before noon

currentprice:
bell ringing.......

it time to start business of the week...

all other drink talk should be shift to appropriate thread or wait till weekend

Opening higher on d weekly

- wema
- Jaiz
- Fidelity
- Skye
- Unity
- CCNN
- Zenith
- Oando
- Dang flour

and bebe lo

hv a blessed and peaceful week folks

Jejebaba:
Should we still wait for Zenith at 25 Naira according to charts or the thing don zoom off past it.

CC-BBM, FXuser, CP and co.

- charts show ''possible'' areas of support not certainties oh
- we hv to be comfortable knowing that price is likely to drop below ur entries, hence some buy gradually rather than trying to pick bottoms



'' . . relax easily in uncertainty ''

Banking Index
- trading at ard a 3 month low
- down by over -20% from yr highs , 3rd bearish month ongoing
- still looking for support
- hwver RSi & MACD both making higher lows on d lower time frame suggesting increasing buying interest
- some of d top traded banks also showing similar pattern. (Zenith has been mentioned prev)

Past week Div Adjustment

UBA
adjusted 10th
Ex-Div N11.20

FCMB
adjusted 13th
Ex div N2.29

Access
adjusted 13th
ex div 11.30

Note:
wide varying post ex-div price behaviours with d sector .

Forte Oil
Q1
http://www.nse.com.ng/Financial_NewsDocs/21775_FORTE_OIL_PLC._FINANCIAL_STATEMENTS_APRIL_2018.pdf


non controlling interest cant complain

Access / FCMB
- closure today
-

Agbalowomeri:
Pillowcase finally cleaned and dusted
Monday to Friday, appointed hour
By this time next week, my 'cash level' should be near zero

yess boss

'' When you learn to let go of the need to be right, being wrong gradually loses its power to disturb you. ''
- Yvan

#randomFav

chk out :
http://tradingcomposure.com/trading-psychology-truths/

highly recommended
#Bless

sellydion:
@fxuser good morning. I hope all the stop loss are still standing

have a great day.

hv a good one oh
yes oh we need to set stop losses below the longer term support level , without it , we can't calc our position size jare
all entries are probabilities in d midst of uncertainties.

remain Bold wen others fear

#bless

Zenith
- buys under N26 available

dont miss out

Zenith / GTB
- SP at the 200 dma post mark down !
- bargain buyers showing some much needed interest ard here

UBA
- SP has been marked down

Zenith
- opened lower on d weekly
- buyers below N26 , not a bad place to park

Pull backs to Support
- further evidence of a good support level is when ''weekly'' RSI 50 level is not broken or retaken
- a bounce at that level is also a good sign to help validate an area of support or where buyers are showing interest
- a break below 50 on d weekly shows bears are not tayad yet and further down side shud be expected
(however not in all cases, post markdown effect adds its own volatility, like UCAP for ex.. it finds support at 40 lvl after mkdown)


#JustObservations

Zenith
- post markdown looks interesting
- price touching or bouncing of N26.80 again
- quickly finding some support ard dat N27
- the hrly timeframe shows positive divergence also
- wud be nice to see a break below again
- if i were to be a buyer below, cud put stop loss at just above 25 lvls
- let's see hw it opens

#JustObserving
PS:
Not a buy recommendation

RabbiDoracle:

Banking Index
- still looking for support
- bulls playing defense but no where near mid field

Looking at top 10 Gainers in Q1

Unity bank +132.08%
CCNN +106.84%
Caverton 97.67%
Wema +78.85%
NPF +69.6%
Sterling +67.59%
NEM +65.66%
Eterna +63.79%
Fcmb +62.16%
GSK +57.33%

- 4 banks made d list
- the pennies hv it .