₦airaland Forum

Eterna
- 3 green candles opening higher , closing higher back to backk on d daily

#marchOn

diamond
- gap up , big vol and full bid !
- dats short term xmas money for some pple here

loll

transcorp
- found support at 1.40 last week , breaking 1.50 early in d week
- weekly is forming a inv head and shoulder (reversal)
- d real test is that 1.70 to 1.80 levels

zenith
- 26 is stubborn , 25 is support

Fidelity
- support has shifted goal post to 1.60
- if ur still waiting at 1.50 ... not looking so for now

UCAP Alert
3.30 breaking.
this is a major resistance level area . a close above on d weekly is bullish

Investnow2017:
Thanks fxuser for your selflessness on this thread. Appreciated

cheers !
a blessed and fruitful week ahead !

kwallet:
Pls house, any recommendation on books for stocks's technical and fundamental analysis.
Thanks in anticipation.

Cc:
Agba, fxuser, Ewumi,locodemy and anyone.

A good starting place: All Peter Lynch books
Then everything u can read about : Jesse livermore
For Tech Analysis: John Murphy & Edward / Magee
All Rounder: Jack Schwager's New Market Wizards ( a crazy must)


Currently reading:
Charles mackay's - Extraordinary Popular Delusions and Madness of Crowds

So many more out there ..

Bianco1:
@ fxuser, please review general rule (100 level) to apply MACD/RSI for buy/sell/hold decision.
- Daily =
- Weekly =
- Monthly =

Appreciate your help Bro!

Nice question .. cud take pages to drill down ohh umm

Both derive their data from price and volume !

Therefore :
daily is very noisy
weekly is smoother
monthly is very slow and very smooth

Best to chk Monthly first , den weekly before daily to get a better perspective for both

I cant cover d buy , hold and sell . I learnt so much from the playlist below:

Vid link:
Macd (part 1 - 11 )

https://www.youtube.com/watch?v=H8OEHFpe2zE&t=720s

RSI

https://www.youtube.com/watch?v=Odza4cG3EwY&list=PLjHhEQ5LDpkb8JhsWT166IiNBFtZMJwLn

Take your time and watch d series, feel free to let me know if u have any more questions AFTER.

Some Key points
1) Sell negative divergences , Buy positive divergences , the longer the frame d higher the probability or validity
2) RSI oversold is NOT a buy signal , RSI overbought is NOT a sell signal esp in d longer time frames (weekly and monthly)
3) Weekly or Monthly RSI in overbought levels can remain in those levels for a long time (u hold those stocks wen overbought )
4) MACD buy crossover signal above the zero line is more valid than below zero line esp on weekly,
5) Monthly macd is very very slow but helps confirm d long term view / trend

All da best

Agbalowomeri:
Ha bros, sometimes abbreviations are confusing to analogues like us

nkt .. oooops meant mkt (market cap)

#sorry

Agbalowomeri:
Ha bros, sometimes abbreviations are confusing to analogues like us

lollx .. u ke

ETF : Exchange traded fund

NGE: The Global X MSCI Nigeria ETF (NGE) invests in among the largest and most liquid companies in Nigeria. Its listed in d US in $

Its one of the ways to get exposure to Nigeria. The ticker is $nge

Nigeria ETF
- a lot more comments on $nge now !
- needs to break 22 to go higher ! ( i blame Nbrew , dropping from 190 to below 150, shud find support )
- GTb > Nbrew nkt cap , remains d largest holdings at 15.76% of d ETF
- Top 4 are: gtb 15.76% , Nig brew 15.17% , Zenith 10.10 % , FBN 5.13% (fbn just over took stanbic with d brk above N7)
- top 4 account for over 45% of ETF


#Random

emmanuelewumi:
What were the factors responsible for the bull run of 2003 to 2007?

We can the market reach the all time high ASI of over 65000 which was achieved in 2007?

Liquidity

Agbalowomeri:
December/January very critical
Index could bully into January

- yeah
- d macro story is in support
- d whole devalue debacle after a oil crash cud have been avoided . We no need dat 1- chance
- so sad it took forever to get a type of float via nafex after so many wasted months dat turn people to forex analysts
- if oil just look back penre ... na back to square 1 lollx

Coolcash1:
That was dark days of NSE... some are yet to recover from the huge loss....#sad

yeah
d emotional & mental trauma continues hold dem down (players and regulators included )
however, other economies have moved on and even crossed those levels way back
looking back , the charts were screaming sell wt monthly red candles back to back lol
one thing is certain, d economy ff oils sales (price*vvol) but suffers from a serx lag effect (either up / down)

#makeIparKWell

fxuser:
Nse Banking
- monthly chart RSI at ATH
- further upside expected

All share index
- mth rsi also at 3 yr highs !
- If it breaks into oversold levels on or before Q1, we wud see more new 52 wk highs across mkts
- mkt will further test 40k levels
- wud be good to break 42k levels (2014 highs) , mkt is just 15% shy of dt resistance


My thots:
q1 is not the season to have liquidity issues or challenges. u strike wen its hot , be serz prepared.

Nse Banking
- monthly chart RSI at ATH
- further upside expected

BullBearMkt:
IF YOU LOVE OIL DOWNSTREAM, BETTER TIME TO START ACCUMULATING MOBIL IS NOW!
...With the stock reaching 2 year low last week at 142 Naira, forming a bullish pin-bar couple with accumulation ongoing, technically, a good buy for long term investing is just now.

FO, CONOIL are also gathering momentum...

PLAN YOUR TRADE AND TRADE YOUR PLAN

Maybe the shareholders that got the buyout windfall offer will show some support !
Never been a fan of d volume behaviour

fxuser:
umm
some devaluation divestment gbemu

55m fingers looking to get in !
#massiveFullbid

Mpeace:
The diamond wey. Hahahahah someone called it carcass. 24billion from the sale. No be small thing.

umm
some devaluation divestment gbemu

fxuser:
Zenith
- another N26 re-test loading

#OyaNah

if it breaks N26/27 on good vol ! 30 wud be v-quick

DaV8King:
Opinions on Union Bank?

This FUGAZ rally is infecting all it seems

not a fan of d volume behaviour if trade '' big '' vols

FLour
- d break above N30 was very important ! it can now move on


#TradingBreakout

Nbrew
- shud find support here
- +ve div on d hrly charts

Zenith
- another N26 re-test loading

#OyaNah

Transcorp
- needs to hold above 1.40

What is a 'Breakout'
A breakout is a price movement of a security through an identified level of resistance, which is usually followed by heavy volume and an increased amount of volatility. Traders buy the underlying asset when the price breaks above a level of resistance

Read more: Breakout http://www.investopedia.com/terms/b/breakout.asp#ixzz4xMEQlMwh


#Friday Refreash



TGIF

fxuser:
just a breakout !

- Ucap in similar mood , increased buying vol + higher openings , is a recipe of institutional buy in !


Fidelity
- refusing to be dragged below support
- d accumulation here is strong

Manonamission:
Just gut feeling owing to sentiments on the floor, more so in November. The index might break previous high set in August before the end of this year.

TA experts, what say you?

yhupp but need the 4 big caps to do d needful
Nestle & Dangcem are looking good to go
Nbrew is dragging back
GT stalled at 42

Mpeace:
FBNH on foolish bid

just a breakout !

Ucap
- first break above 3.10 ( been a while )

Coolcash1:
What price do you expect PB?

PB was the d N5.50 / N6 region (stop loss area)