₦airaland Forum

DeRuggedProf:
Intendy is cheating us with a shorter list, though we paid for full list....
FX is just passing after taking HEFTY PROFITS......
CP is waiting for numbers to call prices to order.
BBM has broken CBN and is on exile in the Caribbean ...
RD. Oracle since swam across to the Bahamas and left Janets drowning...
'Yariya' (Lol..) gave me a terrible face few days back cos your charts were missing...
Loco has kept his money in a cold room....
XYZ.... is fighting a pullback with a failed breaking system....
DRP is experiencing rising temperature in his kitchen....

loll . . XYZ

currentprice:
Oil @ 71 dis morning

we may see $50 bln reserves earlier than expected !
dat wud support Naira convergence , very good for mkt going fwd

DeRuggedProf:
FCMB always dance dirty with any music....

lollx
crazy legs innit
my proj PBT < N7 bln , while Fidelity > N20 bln

Dis:
dont hv any

fxuser:
Pull backs
- after a major pull to the upside , there will be pull backs
- this is inevitable, weak entries will surely get shaken out before the trend resumes

umm

#PlanWellAhead

ehn ehn
- the above refers to this week and next wk
- wait for the support to be established
- patience

mendes911:
Chai, FXUser yet to offer words/charts of encouragement since yesterday morning.

- Next level 52,226
- Seat Still
- No Shaking
- Weak Shakeout
- Bullish Breakout

Am just passing by ooo. Make una no stone me.

This bear self.

Runs Away.

hey morning

Just passing too

- I mentioned some time ago there will be pull backs , some light , some medium and some heavy .
- Such pull backs will make some participants question their strategy.
- Some wud wished they had taken more profits , some wud question their entry position. Its all part of trading lollx
- The emotions dat come with Full bid or Full offer shud both be avoided or managed, we still have more of both coming
- the long term is still bullish

Jeez2:
Good morning fxuser, please looking at the charts, is transcorp a sell or hold?

we shud find support ard d +/- N2 region
dat will signal a better entry
patience

Intendy:
stocks with new 52 week highs

caverton #2.44k
Wema #1.28k
Skye bank #1.41k
unity bank #1.30k
NEM #1.92k
medview #2.17k
custodian #4.17k
Access bank #12.97k (new 52 week breakout )
international breweries #64.00k

even with the pull backs , we still hv new 52WH

DeRuggedProf:
FXUSER is an insider, I so move.....
He hinted this early today.....
I will set up a panel here for a forensic audit on him...

DeRuggedProf:
Access want to do full bid today?

Calling all board members , it's board meeting wk next week

DeRuggedProf:
Classic!!!
There is practically a very very faint line dichotomizing investing and gambling....

Pls Do not quote me:

petition ''MAY'' very likely be withdrawn , cant say much. very sensitive matter


dis:
i don't own any and this is not a buy / sell recommendation .

ZikkyChops:
Guru in the house, how far this Transcorpse can go..... In term of price

Transcorp
long term charts still bullish
we need to break N2.66 , so we can test N3.50

#SitStill

Last Week
- Skye , Unity , Wema & Diamond all gained over +40%


this is good for FOMO

Cadillac15:
Fxuser

Please what's the chart saying about FBNH. Thinking of buying more on Monday.

Awaiting your reply. My good sir

FBN Update
Monthly RSI at all time highs , this is very explosive and we shud expect more 52 week highs (stay long with d trend)
Weekly RSI is also breaking to new highs, fully in support of the monthly (super stuff)
Therefore every pull back on d daily is just NOISE but more importantly an opportunity for re-entry or adding more
Some people wish they bought below N10 , they shud get over it and just get in, nothing like too high or too low


Dis:
very heavy here , looking to add more if liquidity permits

Trends

Link:
http://www.newtraderu.com/2011/12/11/ed-seykotas-6-rules-from-the-whipsaw-song/


Fav is Number 2

'' When you catch a Trend, ride it to the end. ''

Your system must be able to jump on a trending market, but then also be able to ride that trend to the end. Most new traders will jump out of trades before they are finished trending because they are scared the market has gone too far and will take back their paper profits. Let a trailing stop take you out of a trade when the trend is over, and only exit once you are stopped out.

The trend is your friend except at the end where it bends. -Ed Seykota ''

End Quote


our work has been cut out for us above


#weekendReading

Agbalowomeri:
Index long term momentum near all time high
Long way to go
I found this to be a reliable indicator for market tops long before reversal

looks like we will test 60k earlier than expected !

also suspect dividend paying stocks will quickly overcome their markdowns much quicker

rationalmind:
Nice one but it doesn't seem applicable to those of us who do one stock at a time since there can be price fluctuations over and below 1-5% of capital numerous times within a single day.

umm
more liquidity fall on us all

Agbalowomeri:
guess you can take more risk in a bull
You need big winners once in a while

absolutely sir with all manner of liquidity

Position Sizing

Link:
http://www.newtraderu.com/2016/01/07/traders-quick-guide-position-sizing/


#WeekendReading

fxuser:
- Red candles on d daily chart are just little wicks at the top of green monthly candle.
- if u get this ehn , ghana must go wont be enuf to carry ur money this yr

yes its a buy ... but i hope u will see d bigger picture so u don't get shaken out ''IF'' it drops a lil more .

dis:
I'm learning to write more plainly this yr (very tough)
I will not be held responsible for ur trade
I also own dis and intend to buy more

fxuser:
- Red candles on d daily chart are just little wicks at the top of green monthly candle.
- if u get this ehn , ghana must go wont be enuf to carry ur money this yr

infact , dis same stock is currently on its 8th consecutive green month without rest ! its yet to take one month to rest sef

lemme stop here

#ChartStudy

Momoney54:
Ogas, what is still the chart on dangflour. Is it a buy on current fallen prices?

- Red candles on d daily chart are just little wicks at the top of green monthly candle.
- if u get this ehn , ghana must go wont be enuf to carry ur money this yr

Agbalowomeri:
Guaranty just opened new race lane for the banks sef: headed above 60
Zenith will move to the 40s
Access, Fbnh, Uba will move to the 20s
Diamond Fcmb Fidelity will move above 5 towards 10

Hold tight if you are still in the market

GTB
- Looking at the monthly chart , only 2 red months since Dec 2016
amazing stuff

DangSugar
- wats happening?? consolidation
- 6 weeks consolidation after breaking above N20
- new breakout entry level on d weekly is a close above N21.85

DangFlour Update
- weekly rsi support further bullish momentum
- weekly candle is forming a weekly doji with a long upper wick but in d shadow of last week candle. Dat is price is likely to close below last week closing price of N16.15 (indecision/ consolidation ongoing)
- anyways this is good because N16.15 is d new breakout level , a price break above dat level is a fresh buy
- some may buy in anticipation of the break , others might wait for price to break before re-entry



Dis:
- i'm still long here but will wait for new break before loading more to this position
- last week opening price of N14.66 is my new stop loss level to protect profits

#LetYourWinnersRun

Pennybank
- if u cant catch d penny banks shuttle on d run , d bigger brothers (uba&Access) are still calling last passengers and about leaving d junction

Zenith
- gradually entering new territory
- still a buy at this level

FBN Update
- the bus don turn to Jet lollx
- weekly RSI at ATH which further supports explosive momentum
- SP to test 2013/2014 weekly highs / resistance ard N16 levels
- ''IF'' SP closes above dat region on d weekly , next test is N21.10
- passengers are advised to just hold on very tight

Access & UBA

- very jeje breakout
- both not far from tested support levels
- still offers fair / decent risk reward ratio at this levels

people shud not be afraid of too much money , if u hv itchy fingers , sell very little and let ur profits run its course . Else stop looking at d screen and come back after results are announced for another wave

locodemy:
Thanks.
I see diamond bank and fbn breaking out the more because of msci market participation yesterday.
what do you think sir?

when the RSI on the long term frame (monthly a&Weekly ) is in oversold levels (above 69.1) , it can remain in this area so for a long time , this is when stocks are most explosive and u will witness a continuous breaking of 52 week highs

lets not worry much about who is responsible , there are other funds who are also bullish on oil traded or related ETF's , $nge is just one of them.

Markets
- there is nothing like too high or too low in trading instruments
- prices opening higher daily !
- u cant ask for a better start to a new yr
- amazing stuff

locodemy:
pls what do you think about stock price movement this weekened/ next week?

light profit taking esp at d top 10 leaders
liquidity will be tested on some of them
new support levels (higher lows to develop)
a few new breakouts
no need to do much really