₦airaland Forum

Transcorp
- momentum players are better off buying when it closes above 1.10 ,
- d dilly dallying nbst , na full range bottom hugger ,
- e ku patience

Fidelity technically more ready dan fcmb !

Intendy:
Stock with new 52 week highs

Dangote Sugar #16.00k

nice

d first 52 week high is a technical breakout out,
52 week low bega more lows
52 week high begat more highs (some TA folks only trade 52 wk highs , no over head ss above)

#randomPriceAction

GB2G:
Are you saying it is rally from here?

bullishly setting up for leg up

PETERiCHY:
For those that missed our UACN private jet @#6:50, #7:00, #7.50 ,#8:00 and #8:50 junction their are still some available seats at N9:00 junction.

Bear in mind before first week of APRIL 2020 will comfortable get to #20 junction.

BARGAIN HUNTERS TAKE NOTE!

OMG ! ! ur GIFS ehn

Dang Sugar
dis chart keeps vexing, chai ! missed dis

(interestingly int sugar is up +25% since sept ! )

Access
- weekly chart forming a morning star

very interesting to see

MTN / Dang Cem
- dont get in my way just yet !

UACN
- weekly close above prev week desired

#OYANAH

UBA
- chewing its weekly tail
#pinbar

Price action
- support firming up towards EOW is good sign
- its the weekly close that matters , everything else is noise
- dont get shaken out by the daily noise

#cheers

UCAP
Dividend yield buyers Alert
< N2.11'ish range not bad , using prev yr div 30kobo = >+/-14% yield but note q3 PAT down -10% y/y !

TA
strong support n2.00, well comed pull back offer decent RR (risk reward)

PETERiCHY:
As an OLD CARGO in this business you ought to know that any year that XMAS rally will take place

BANK rally often starts from Dec24 till first week of January afterwards to your tents oh Israel.

So why bother myself buying into BANK stocks now when people will be busy selling their stocks to meet up with their December expenses.

Thats WHY we often advice SMART INVESTORS to take POSITION between Dec 23 & Dec 24th.

We are in UACN simply because of their UNBUNDLING EXERCISE cum their BOARD MEETING that will take place on December11th.

UAC supercedes both Nigeria amalgamation & Independence in order words such ORGASM EXPERIENCE comes once in a LIFETIME

*ThE OcToPuS*

lol

fxuser:
- strong price action wt vol .. soaked up all d ss and profit takers lol .
- firmly above 200-ema , golden cross loading ..(very bullish trend still)

TA update
- weekly close above N8 is a fresh technical brkout and also a fresh buy sig (late comers fear not)
- next test is N9.35 (d highest weekly close dis yr back in Feb, - if we stall, dis n8 region level will become support and a fresh higher low (forget dat n6.20 )
- a weekly close above that is another fresh brk out (see Access chart after breaking above N7 - just took off, no over head ss)
- anyways, another key level is the first 52 week high, its very important (n12), a close above will be more explosive .
(52 wk high only begat more 52 wk highs)

recomm
- dont get shaken out , if u did , buy brk outs or pull back to support , enuf meat on a positive trend
- poor entries are forgiven, ff d ogas on d forum

fxuser:
UACN

- looks like a double top on d daily , still trading within monday rejection candle
- a close above N8 needed to keep momentum else some rest needed

- strong price action wt vol .. soaked up all d ss and profit takers lol .
- firmly above 200-ema , golden cross loading ..(very bullish trend still)

fxuser:
Another technical bottom forming Example:

ETI
prev CP: 7.05
- Increased volume at close of week hitting highest daily vol MTD (4.7 units traded)
o Prev month vol 19.6m vs MTD vol 26m (increased volume at support , price defending prev yr low )
- Price finds strong Support above N7.00 and forming a higher low, technical reversal forming (called dd bttm, see uba and co prev)
o PIVOT: Prev mth close 7.10 (daily close abv confirms reversal )
- PIVOT 2: Weekly close above 7.50 is adds further confirmation trigger ,

#random

another bottomer, d vol wahala is another matter

Mpeace:
Premium board totally red at the moment

on very low vol ! its d retail pipu guess working

transcorp
- MM's special request at 90kobo loll

#kidding

[quote author=dipoolowoo post=84614595]Court Jails Teenager Over Use of Afrinvest to Defraud Investors


'' Naira Depreciates to N362.71/$ at Investors Window''
um
dec tinz

Hony Flour
- loot carriers at RR to cash in
lol

UACN

- looks like a double top on d daily , still trading within monday rejection candle
- a close above N8 needed to keep momentum else some rest needed

FCMB
- mkt can overreact sha, some pipu feed on dis kain of fear

DeRuggedProf:
A Bull in Bear's clothing sighted....

lollxx
driver needs more pipu to come down , bus over load

fxuser:
z pull back found support
(buy support)

Zee
- hitting a 7 day closing high (brk)
- N19 remains where the battle is ! retest loading in EOY

#sit tight

bojbest:
Bro How you take dey see charts? Please I’ve tried Investing com but e no fresh. Please I need help on free charts

apologies

https://www.investing.com/charts/

PZ
- positive weekly div indicating shift , bearish fatigue
- daily shows strong support below N5


#SWINGBUY

fxuser:
update
- golden cross loading ,d 50-ema catching up to dat 200-ema very quickly
- 3 white weekly godogodo
- very good positive structure, retest of yr highs loading

- very strong order book 31m bid vs 3m

Homextras:
Beautiful job boss.
But pls can you let us know when we have a break below 200-ema? especially for 3F&UGAZ

Thank you.

for sure ! will blow the whistle
sit tight , will take a while unless we see a strong massive consistent dump.

FUGAZ (example)
A 200-ema Check (40week –ema)

200 -ema is a long term moving average and a strong indicator of trend . Above is bullish , below is bearish , very slow as its represents the average of the last 200 days closing prices (for nse the 50 is a solid indicator , due to low volume nature etc). Price have been below for months.

Banks Above 200-ema proper
- UBA (golden cross)
- Access (golden cross tey tey)
- FBN (golden cross loading)

Just Under testing the 200-ema (but above the 50-ema)
- Zenith (needs to close abv 19, but abv 50-ema)
- GTB (needs to close above N30)

Trend Analysis
- All bullish with further upside to come , sit tight font get shaken out by daily NOISE
- When price is above long term MA’s , poor entries are forgiven , just stay put esp long term holders
- Pull backs above long term EMA are entry opportunities
(like dis week, if ur selling now , u will likely buy higher , snr ogas will explain better in normal language lol)


RISK MGT / STOP
- A close below the 50-ema is a big warning (take all profits, no story) , a break below 200-ema is get out for long term holders

A blessed month ahead

There are two components to a profitable trading idea:
Direction and timing.
If I am wrong on either one, then the trade will be wrong.
What I might think about the prospects for a market is irrelevant. How I trade the idea is all that matters.
- @PeterLBrandt

BYE BYE November

Mcy56:
Access, UBA, FBNH cruising northwards this early market morning.........

z pull back found support
(buy support)

fxuser:
Uacn
- pull back found support, held above N6 all last week to close 6.20
- order flow looks positive
- seems we have a higher low on the big TF (uptrend behaviour)
- expect higher weekly close

#SwingBuy

update
- golden cross loading ,d 50-ema catching up to dat 200-ema very quickly
- 3 white weekly godogodo
- very good positive structure, retest of yr highs loading