₦airaland Forum

''We don't see things as they are, we see them as we are. ''

- Anais Nin


#RandomThot

JAN YTD . . Top 10

Sterling +124%
FCMB +121%
Skye +116%
Diamond +110%
Unity +92.45%
Wema +88.46%
Transcorp +74.6%
CCNN +69.89%
Jaiz +61.9%
Fidelity +60%

We are still in Jan abi ?? lollx

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

Intendy:
stocks with new 52 week highs

ccnn #16.14k
diamond bank #3.16k
sterling bank #2.42k
transcorp #2.55k
fidelity bank #3.94k
Fcmb #3.28k
caverton #1.93k
Skye bank #1.08k
Wema bank #0.98k
unity bank #1.02k
fbnh #13.76k
Guinness #119.70k
dangote cement #273.00k
CAP #38.86k
NEM #1.70k
Ubn #8.78k
mansard #2.80k
redstarex #5.63k
Uba #13.00k
access #12.30k
gtb #51.15k

umm more breakouts
once a stock breaks its 52 week high , it continues to do so.
buying that break ''early'' offers potential upside for swings

Chibuking81:
Please dear friends, I have some questions on Oando, and seriously needed an answer.

When will Oando forensic audit commence?, or has the audit commence already?
If yes, how long will it take, i.e, how many weeks or months. If after the audit, the findings indicate administrative wrong doing, please what will be the fate of the current management, and what will be its effect on the Oando share price, north or south movement?

These days, I see Oando share market movement, some times on full bid, after a while it will be on fully heavy offer.
Who is biding and who is offloading?

we truly dont know. even the Oga's in Oando dont know , hv asked dem .

Investnow2017:
You are always the BEST #fxuser. Whatever, at least they will pay DIVIDEND

Thanks a million.

yes oh , and they always pay very well indeed.

currentprice:
the best of yesterday on 4.2% loss in BULL period

- some nice consolidation here
- SP is finding support at N16 level
- ''IF'' support holds , we may see opportunity open for new entries and we can put stop loss below N16
- ''IF '' it holds , lets see hw d week close

Investnow2017:
The raging bull don quench the candle

&fxuser, thanks for the good job. Abeg consult your oracle for me on Afriprud and Ucal. This week nah this week. Some Tbills are maturing tomorrow Thursday

both showing some minor bullish exhaustion on d very short time frame
my challenge here for new entries is no established new support level ''yet''

DangFlour
- ongoing consolidation ard N16 levels on d daily

Truly amazing to see some price levels .
stay calm folks

Agbalowomeri:
ASI 9 years high
Next 66k

leggooo

Manonamission:
I have always believed FBNH will overtake UBA and Access. Don't bet against the elephant

nbst
will soon overtake ETI . . . when FYE comes out , Zenith shud beware lollxx

Zenith
- another leg up

FBN
- firmly above last week close

DeRuggedProf:
https://trwstockbrokers./2018/01/16/transcorp-knowing-when-to-reduce-a-strong-position/

Transcorp
- buyers are still very eager to mop any profit taking below N2
- seems this N2 region which was major resistance ''MAY'' likely be the expected new support area
- OBV at all time high on d daily wh supports buying activity
- d penny banks also fall within this new breakout moves and finding new support levels
- interesting stuff

fxuser:
Q1)
above avg volume
u can find this on nse web also , or on you morgan cap reports

Q2)
prev daily closing high in dec was N9.29 on 12 Dec
Price closed above 9.29 on 4 dec = breakout

Most recent closing daily high is N11.53 on thurs (d last highest green candle)
If Price closes above N11.53 , dats a new break out , if it closes below .. den dats a further pull back

Note
despite the lower closure on friday , price still closed above the prev day closing.
Let me stop here

FBN Update
- a good start
- trading above last week close on good vol and strong bid
- keep hold

keep ur hold game tight lolx
weak hands get shaken out

emmanuelewumi:
What is the title of the book?

''Reminiscences of a stock trader''

Meditation

by their opening prices we shall know them

Coolcash1:
Na so I just dey laugh the guy... when real men they wear Tom ford Oud wood, tobacco vanille, Creed Aventus et al he is advertising "danjualar" perfume....

now i get dat ''COOL'' before the CASH


#splendid

[quote author=DeRuggedProf post=64188395]If you had $500K in it @ d beginning of 2010 and someone had mistakenly accused you of a crime that gave you 7yrs, which prevented you from selling during periods of uncertainty, you will not even need grace to forgive such a person today....
[/quote

lollllxx

Deadlytruth:
To make profit in the Nigerian Stock Market you need to approach it like you are playing Nigerian politics where there are no permanent friends nor enemies but permanent interest.
The quoted companies are the parties, you are the politician while fundamentals, market situation, prevailing investor sentiments, etc are the voters. the difference here is that you can belong to more than one party at a time.
So once a stock you are friends with is obviously no longer going to serve your ultimate investment interest, there is nothing wrong with defecting to any other one.
It is however also necessary to do your DD about how much your permanent investment interest is realizable in the stock you have chosen to defect to.

word sir

mendes911:
Can you explain what leads to a situation whereby a stock continues to drop in price after a period of supposedly consolidation.... What's the trigger?

If a stock is trading above its 200 dma for ex., consolidations or pull back will come and they may take days,weeks in different forms since d bulls get exhausted but eventually prices will tend to continue in d direction of the major trend line.

But the some corrections may drop by up to 50% and some may hold on to their gains (Afriprud comes to mind here) before resuming their major trend path.

We may see some of this soon (days or weeks), esp with stocks dat may have gained massively like 200% for example in a short period , a correction shud be expected but its not necessarily a trend change

DeRuggedProf:

https://www.youtube.com/watch?v=Pz_9VsW869Y

lol nice vid
We need d public to have some serious major FOMO in Q2 - Q4

Agbalowomeri:
@fxuser:

What do you think the amazon monthly chart would be saying between 2014 through 2016?
I think this is more akin to hindsight is 20-20. The inactive investors many times make the most returns. That is not to say they were following the trend. I am very sure the monthly chart would have been screaming sell or at best neutral between those three years.

ur very right boss ..
a red month is a sell for me ... infact if prices drops or is trading below prev monthly close .. arrgh im out oh ... a healthy trend usually takes a month or 2 rest period but me never mature reach dat level , i no like wahala

But once price breaks above that prev highest monthly close we are back in for a ''possibility'' of a fresh move
GTbank , Sugar , Flour and all the big movers all exhibit this same behaviour or let cal dem ''possibilities''

In fact i study GT chart endlessly , once SP broke its prev monthly high after some weeks on consolidation ... it jumps straight ahead for a fresh move.. the 25 to n33 , d N33 to 40 , then 40 to 50 .. amazing stuff

#MegaYearAhead

GANDALF1:
You are correct. show below is a portfolio adjustment of MSCI Nigeria ETF fund. Then imported more cash to load more equities. We ain't seen nothing Yet.

dem don carry tipper load of cash come
NGE ETF is about to break $30 soonest

Agbalowomeri:
I no get longer throat

make flour turn N70 lolx , dat throat will expand
lolx

DeRuggedProf:
I shifted from trading the daily timeframe to the weekly timeframe, now I am moving ahead to trade the monthly timeframe.

Reasons: 1. Hot money to be used for the real bull is still in prison, yet to be released.....
2. Some very good stocks are still far behind their fair values.
3. Every attempt at a pullback has failed woefully e.g see how fidelity charged back at the bear when it dared his door bell.
4. I no longer play with the issue of commissions when my stop loss is not triggered.
5. Most times, I jump over only to complete the profit I would have made, short of commissions, if I did not jump.
6. I am not under any obligation to trade every day/week/month. It is my account....
7. My stocks of interest are looking too beautiful on the monthly chart to prost*tute with the daily noise....

See this Amazon ''MONTHLY'' chart . The monthly cant hear d Noise
.. this how these chaps turn 10k usd to 10m usd by sitting still with the trend #MovingOn
. ., FA will be shouting PE too high , price too high umm .
We TA folks need up our game and learn to sit still even more with d trend and never ignore price breaks to new levels as oppurtunites

#ChartStudy #KeepLearning

Agbalowomeri:
If I get 200 million NAIRA sef, na retirement be that unless I see global meltdown where I can put 50 to make another 200

200 small oh , dats under a mil usd
dis naira sef

DeRuggedProf:
I shifted from trading the daily timeframe to the weekly timeframe, now I am moving ahead to trade the monthly timeframe.

Reasons: 1. Hot money to be used for the real bull is still in prison, yet to be released.....
2. Some very good stocks are still far behind their fair values.
3. Every attempt at a pullback has failed woefully e.g see how fidelity charged back at the bear when it dared his door bell.
4. I no longer play with the issue of commissions when my stop loss is not triggered.
5. Most times, I jump over only to complete the profit I would have made, short of commissions, if I did not jump.
6. I am not under any obligation to trade every day/week/month. It is my account....
7. My stocks of interest are looking too beautiful on the monthly chart to prost*tute with the daily noise....

loll
Taking out the noise makes sitting easier
nice

HoneyWell

- next stop N4

rationalmind:
Please still expecting your reply on this. What volume can one consider enough volume?


@Fxuser, refer above, is the close at 11.97 a breakout sign?

Also, the bolded part is one that still confuses me, what volume is enough volume?

Q1)
above avg volume
u can find this on nse web also , or on you morgan cap reports

Q2)
prev daily closing high in dec was N9.29 on 12 Dec
Price closed above 9.29 on 4 dec = breakout

Most recent closing daily high is N11.53 on thurs (d last highest green candle)
If Price closes above N11.53 , dats a new break out , if it closes below .. den dats a further pull back

Note
despite the lower closure on friday , price still closed above the prev day closing.
Let me stop here