₦airaland Forum

Transcorp
- hunters at d support gate
- looks like a daily hammer
- wont mind some at d day low

fxuser:
this is different !

things wud be clearer in days to come ,who knows !

mendes911:
The "foreign hot money brothers" are quickly bailing out at N1.07. Unending offer supply. LOL.

this is different !

Cadillac15:
A sell.

my ogas hv spoken

jinnyz:
@ Fuxer whats the chart saying about Access bank, is it a buy, hold , sell?

patience
just 2 wks pull back ongoing
stop looking at ur account every sec

GTay:
Seen, thanks
I use support to estimate and guage what my stop loss could/would be

#myopinion

if u look at the daily chart using the Chikou Span , we can argue that current price level (N12.50 )is d support while the weekly support is at N9

kenmaro:
@ fxuser. Pls, what's the support for fbnh?

a support level is a prev resistance , an area that was problematic , that most people here will argue about until price breaks it and they keep quiet.

for fbn .. where did most most argue about price.. ard dat N9 - N10 region.

GTay:
Zenith gradual progress - from 25 now fully supported at 31
@Fx, Please what's the support level for Flour Mills and Fidelity?

FlourMill
- not a fan of this stock, pls not asper fundamental ohhh . fundamentals are nice , super sef . ask d FA gurus in d house
- lowest weekly closing price in d last 17wks ( ) is N29
- we can take that as support level
( imagine holding this for 17 weeks and ur hoovering btw N29 and barely N36, thats highly ... err moving on )

GTay:
Zenith gradual progress - from 25 now fully supported at 31
@Fx, Please what's the support level for Flour Mills and Fidelity?

we all want fidelity under N3 , even the market marker wants more below n3
lol

FlourMills
- umm lemme check

seems supports are been tested up and dan , more to come before the week closes

a healthy support is d first step to another wave in future , when dat support fails , buyers get deflated, bears feel happy and buyers hv to regroup at a lower level

onegentleguy:
...Noted my Fxuser. ...thanks for ur many technical backups !!

But who am I to own above 5M unit? ...ah, na small person I be oo !!
...that kind of big volume is for the likes of sir €£$tritri, rabbiDoracle, Agba, Coolcash, Druggedprof, mycurrentprice and u my oga to mention just a few.

loll

10 million dang Cement fall on you

mendes911:
Ok. Thanks.

Though I would prefer a breakout that had no huge cross deals involved. Not a stock am buying though, just watching in order to apply similar knowledge whenever the need arises.

u know d stock is not really liquid ! Avg vol under 3m units in Jan. U can sense its tightly held , so it retains its gains.
So cross deals are expected from time to time

onegentleguy:
Mr TIME still on board the CAVERTON airline en route to the 4.5 boulevard. ....now along the 3rd avenue.
...we like to take the drug of PATIENCE while 'our foreign hot money brothers engage in their buying spree'
...The idea is to 'keep dancing to the melody they play'

#BELIEVE
#ANDKEEPBELIEVING

NOTE: DD always advised pls.

kudos
not a fan of the vol , very strong breakout.

my concerns:
if ur holding more than a million units , full bids are ur friend
if ur holding say > N5m units , u hv a serz problem to contend with in future lollx

seems supports are been tested up and dan , more to come before the week closes

a healthy support is d first step to another wave in future , when dat support fails , buyers get deflated, bears feel happy and buyers hv to regroup at a lower level

mendes911:
When a cross deal is involved, will one still consider the stock on a breakout scenario?

yes .. we must act on possibilities early
patapata , we pay dues to d broker if the rocket fails to launch

fxuser:
Transcorpp Update

Monthly remains bullish wt mth RSI at 3 yr high
Weekly ibullish consolidation ongoing wt support at N2 , resistance 2.51
Daily is in pull back wt support at N1.90

will dis support hold ! ! it shud ..
@loco and co pls add like 10m to 20m bid at N2 to scare away any stubborn bears
lolx

fxuser:
Fidelity and Transcorp

can manufacture support sha
#um

Transcorp
- join d support at N2

fxuser:
Looking at the weekly:
- still firmly above the kumo and all the bullish blah blah are in place
- 7 weeks consolidation ongoing, we de enter Week 8 on Mon (loll) ... how long it may go for i dont know boss
- but once price breaks and closes above N22 on the weekly , that's a fresh buy signal worth trading ! bus driver is ready
- stop loss N19 - N19.50 , just below the support level (SP has not dropped below N19 in 8 weeks = strong support)
- patience is key here , just like every other good name in d mkt


dis:
Don't own much , but i will jump ''IF'' ior ''WHEN'' it breaks out of this consolidation. Nice possibilities esp with d long consolidation. This long ones usually carry strong explosive price action.

#Bless

Update
To whom it May Concern
- the breakout u were waiting for is here
- price is breaking out of 8 weeks consolidation on Volume above N23
- this is also a buy signal for those who trade momentum breakouts , put a tight stop loss just incase its a fake out !

safe trip

fxuser:
Zenith
- good set up wt high opening
- add more

still finding some level of support above N31

RabbiDoracle:
My funds were small im 2008 but it was painful to have lost it.

In life, when you fall, stand you and fight back. Develop ways to beat the system. I vowed that I will not fall into this anymore.

The most painful thing about loss is when paper profits start to disappear. Better to stab a man than feel the pain of loss of paper gain.

Twas d first crash for many of us, i still study the monthly and weekly charts regularly , we ignored d yellow flags and red flags
The bullish season before the crash had turned everyone into experts lol , we pursued IPO's and Private placements with venom lol
Sadly , we are far from such FOMO. Market will always be markets , its remains a clear reflection of d emotions of major participants.
My biggest takeaway in summary is NEVER argue with the market

currentprice:
http://www.nse.com.ng/Financial_NewsDocs/20817_ACCESS_BANK_PLC._CORPORATE_ACTIONS_FEBRUARY_2018.pdf

since Oando 5% issue , NSE is working

Negative Divergence
Some examples for TA newbies
Weekly chart

Ex 1:
https://invst.ly/6jvcc

Ex 2 :
https://invst.ly/6jvec

Ex: 3
https://invst.ly/6jvg9

They are not long term reversal signals oh, more like letting u know bulls are exhausted on d last run up and pull back are expected. Some stocks may pull back to RSI 50 levels on d weekly for support. I treat them as Yellow flags in d short term esp if ur a position / swing trader IMO

DYOR

#RandomChart

RabbiDoracle:

Even when we predicted doom, we didn't do that with the intention of buying. But for more people to be saved.

I lost some fund in 2008, so I went into research to know the triggers for bear, mass psychology, greed and fear.

....and I passed.

umm 2008

those who were 10 , 15 , 20 yrs old , wud be 20 , 25 , 30 yrs old this yr .. umm interesting


#FreshMeat #RandomThot

EDUECO:
The market omen seems perfidious and there is a proclivity towards gargantuan bear!

OMG ! ! ! !#lwkmd
U PPLE

fxuser:
umm
Nice lower openings , we shud see some nice shakeouts

some nice pull backs

fxuser:
Random
- Excitement like Panic are both dangerous extremes that shud be avoided

umm
Nice lower openings , we shud see some nice shakeouts

Random
- Excitement like Panic are both dangerous extremes that shud be avoided

DeRuggedProf:
May Ichimoku Kinko Hyo always smile on you.
May your portfolio never be trapped under FXUSER'S KUMO CLOUD....
May your portfolio witness only bullish Marubozus...
May your portfolio always find three white soldiers to crush any three black crows in your path...
May bullish MACD crossovers above the zero line on the daily, weekly and monthly never escape your detection...
I pray itching impatience into your life when you are on a loosing trade...
I pray the heart of Pharaoh into you when you are on a winning trade..
May you never see the Egyptians you saw in 2017 in 2018.....
Remember always that you dont drown by falling into water, you drown by staying there....
Above ALL, may you find true peace, serenity, love, comfort in all details of life.


Remain blessed and a blessing.
LLWKU_IJN.

lov it
#IchimokuKinkoHyo

Zenith
- good set up wt high opening
- add more

Aiico
- brk out

Chibuking81:
Help me to thank the lord God whom made it possible for me to add additional year today.

Brothers and sisters in the lord, today is my BIRTHDAY

More WISDOM , divine insight & strategies with plenty MONEY fall on you IJN .
Happy Birthday
Bless

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