₦airaland Forum

Mftivi:
after wave 5 there should be ABC correction. so once the 5th wave terminates I will wait for the first impulsive wave 1 of A then sell wave 2 pullback. AM not new to trading just never traded stocks

much awaited last leg !

BullBearMkt:
IS THE MARKET (NSE) READY FOR "RESURRECTION"?

Looking at the NSE close last trading day, candlestick pattern shows an engulfing candle, which Technically indicate possibility of reversal from downtrend. But the engulfing candle appearance has no meaning if its occurrence is not at the demand level (Support) and also weak volume is not encouraging - Chart 1. Weekly candlestick shows indecision in the market, meaning possibility of downtrend continuation or a reversal to uptrend... - Chart 2

Before I can start picking stocks to buy, I need a close of NSE index above the dotted black line as shown in Chart 1, but preferably I need the market to fall further to the anticipated level (highlight). Then we can flow with the market if such engulfing candle/bullish pin-bar appears at the highlighted zone.

Wishing you all a Happy Easter.

PLAN YOUR TRADES AND TRADE YOUR PLANS

O Toh Joh MeTa
#bless

Banking Index
- march remains d worst month in almost 2 years
- cud still pull back a lil more folks

#patience

fxuser:
Support
- a failed support exposes one's entry and also puts d trader into a volatile dilemma, its all part of trading
- the trader is wondering whether to cut losses or average down .. or do nothing ! !
- ur best protection against unknowns lol is position sizing ..
- if ur position is too big , ur headache will be big
- if unsure , keep ur bet size small and ur headaches small too
- also hv patience

#RandomThots

d best risk - reward entries are at the edge of failure where doubt resurfaces ..


#RandomThots #AprilPrep

Support
- a failed support exposes one's entry and also puts d trader into a volatile dilemma, its all part of trading
- the trader is wondering whether to cut losses or average down .. or do nothing ! !
- ur best protection against unknowns lol is position sizing ..
- if ur position is too big , ur headache will be big
- if unsure , keep ur bet size small and ur headaches small too
- also hv patience

#RandomThots

Diamond , FCMB , Fidelity (DFF)
- from Feb pull back to March pull back ... all in d shadow of Jan i.e all trading above Jan opening but below jan closing
- 2 red months , is there going to be a third ?

Fidelity
- rejected its monthly low (N2.09) , but still closed below March opening & Feb closing
- no 2 pull backs are d same lolx

fxuser:
[s][/s]

FBN
- SP trading above FEB close

Holding well

FBN
- while most banks closed below their prev month (Feb) closing and even March opening .. FBN kept the bears in check.
- very good chart on all frames showing more support than most within d Bank index

Forte oil 2017 FYE
Non Controlling Interest Sharing d pepper lollx
#Cabal

TLAX:
Riding on some unconfirmed news that may turn out true. What do you say about the volumes though?

not encouraging

fxuser:
Transcorp
- from finding support at the 200dma
- breaks back above the 50dma
- price gap up on friday to higher opening today
- price testing testing N2 on vol (prev support now resistance)
- all na part of consolidations

Fidson

- price gap up to fresh highs
- all green monthly candles since Jan 2017

Consolidation
- a number falling wedges on d lower time frame
- dis support patience

UBA
- holding above the 200dma like most banks
- massive sell wall at N12 ..
- hunters cant ignore that dividend

Fidelity , FCMB , Diamond

- all trading above the 200dma
- all far from 52 week highs

Zenith
- making d last week sell off look like a shake out

FBN
- very decent set up , price holding above d 50dma
- bullish tk crossover within d kumo
- sit tight

Jejebaba:
Fxuser and Peterichy in action.

Transcorp
- from finding support at the 200dma
- breaks back above the 50dma
- price gap up on friday to higher opening today
- price testing testing N2 on vol (prev support now resistance)
- all na part of consolidations

FCMB , Diamond , Fidelity

- retracements take different forms
- finding d bottom of a pull back is too much headache
- but all weekly RSI are above 50
- d 50dma remains above d 200dma
- all trading above 200dma (long term bullish)
- all trading below the 50 dma (short term correction)
- d quality of ur entry and patience will be tested

tyop

Transcorp
- SP prev broke thru d 50dma (N1.91)
- found support at the 200dma (N1.62)
- fri price gap up on good bid
- weekly RSI 50 tested and holding
- more sideways action expected

#tyop

DangFlour
- rejecting d pull below d 50 dma
- 11 weeks above N14 , consolidation take different forms and time
- lowest weekly closure in 11 weeks is N14.50 ( twas tested on d daily)
- d weekly is more convincing dan d daily

onegentleguy:
Since this recent REVELATION, I have received quite a lot of mail from many persons including some members here which has necessitated me to clarify a few things;

1) While this recent revelation like the many others is real, it should also be noted that the content therein should not be inferred or linked to the expectations of Aiicos soon to be released 2017 YE result.
lnfact the expected result or dividend has little or nothing to do with the writing.
...for the REVELATION is 'majorly hinged on the strength of what is to come' (some inner play) after the release of their 2017 YE result which would naturally propel its price.

2) I do not and have never worked for Aiico insurance. This revelation is purely a privileged information.

Disclosure: AIICO insurance constitutes a small part of my portfolio.

Note however that this notice only stands for Aiico and not any of the other REVELATIONS.
...for with the others particularly DANGOTE FLOUR, DANGOTE SUGAR, FLOURMILLS and CAVERTON, we do have an expectation from both their expected result and that of the dynamic happenings that will come after then.

But in all, due delligence should still remain ur watch word.

Goodluck to us all !!

Aiico
- dat friday volume caught my eye earlier dis am
- fri vol > Feb mth vol

FBN
- holding well above the 50dma unlike other banks
- very good week , break and closing above N12
- chart looks good on all time frames
- good things can happen here

#dyor

Brent
- breaking and holding above $70
- good for Naira stability !
- we shud see $50 bln reserves earlier than expected

DangCem
- neg wkly and daily RSI div
- bullish fatigue , further down side . Dragging the index below N15 trn
- 3 consecutive lower weekly closure
- SP is above d 200 dma at N233.20 , but broken below the 50 (N255)

[s][/s]

fxuser:
FCMB
- +ve RSI div on the 4hrly
- SP finds support re-claiming d 50 dma at d 50fib level

FBN
- SP trading above FEB close

Holding well

FCMB
- +ve RSI div on the 4hrly
- SP finds support re-claiming d 50 dma at d 50fib level

“If you don’t have a strategy, you’re part of someone else’s strategy. ”
― Alvin Toffler

awesomeJ:
Shale is one significant factor to be considered in projecting future oil prices o.

In 2016, after prices went below $30, rig counts were on a constant decrease, now we're eyeing the 70s, the rigs are coming back on, increasing supply.
Rates have now gone from 0%, 5 quarters ago, to 1.75% with hope that it may yet reach 2%.

he implication is that bond yields rise, and stock prices fall, although, the magnitude of this impact, we may not be able to tell.
30 year treasury bonds could start seeing yields in the 5% region versus the 3% typical a few quarters ago.
That would also mean that our nations eurobonds may start needing close to 10% coupons to get enough attractiveness.
Should eurobonds start needing 10% coupons, CBN may once again start getting comfortable with T-bills at 16% discounts, and those of us who came here to seek better returns would go back to our abode.

Dow must have reacted to the Fed's decision today.

as per price action , oil looking bullish !

9free:
Bros, e be like say this Abuja early morning rains no reach your side.

we are waiting our turn !

Wapco
- sideways action continues
- the 50dma is still unable to break away from the d 200

Tolktob:
Welcome back bros

zagadat

FlourMill
- -ve rsi div on d weekly
- possible bullish fatigue

''As soon as you cling to a certain trade outcome, wishing it to be or remain a certain way, wisdom eclipses. ''

#TradingQuote