₦airaland Forum

Tvegas:
Is OGG thesame Ambrose that was working with Stockswatch in those years?If Yes,its a small world.

No, he is not the same person. Ambrose is the one at Investdata.

Ambrose is good at what he does. His core seems to be his ability to forecast earnings for stocks. He does this quite well.

In this year 2020, Zenith currently has about 839 million units as net sell quantity.

When supply exceeds demand, price goes down.

Now, when you re-adjust the price by comparing this net volume with the total volume traded in 2020, you will obtain 16.59.

This is the support of Volume Adjusted Price.

The price could go slightly higher to the 16.35 level which I mentioned earlier this week but with the current realities for this week (no new high), this is not so probable.

Even in the event of the commencement of a bullish move, the support at 11.90 needs to be contested and hold without putting in a new low for this year before we can say that the bulls have taken over.

So, 11.90 is the first support level while 9.44 is the next. These are the two price levels at which erudite buyers will be waiting.

RabbiDoracle:
I know what you are viewing. You are expecting a double bottom on the weekly. But I am not seeing it.

Meanwhile, I am looking at BTC. It has scaled my 7,200 price limit after which it will head to 10K. I am still waiting for it to smash that your limit of 7,638. A very strong support of 7K has been established.

Okay sir. Let's allow the market do its thing.

Enjoy the ride!

RabbiDoracle:
Once decapitation has occurred, prices will need to move off from the low to settle at a higher stable point(s). And that is what is going on worldwide.

I will use Exxon Mobil chart as example. Afterwards, I will post other charts which show similar pattern.

I'm using ExxonMobil because it is in the sector that is most ravaged by this crisis. Yet it is lifting over the kumo to stabilize first.

From the chart below, 2 things can happen:

(1) A violent breakout into the kumo to emerge above that daily cloud. See the single arrow.
Like the 10 10% rise. for NSE.

(2) A gentle move horizontally, then breakout to stay above the kumo.

Similar thing should play out on the other charts I will post.

You are using Ichimoku with default setting (52 periods and its mid-point 26) on daily tf?

That setting is to be correctly used on the weekly time frame.

It is no co-incidence that we have 52 weeks in a year. Abi wetin you think?

@rabbidoracle, nor allow me forcefully enlist you to take my course on technical analysis o! Stop falling my hand openly like this.

Hi everyone,

here is a simple chart for ZENITH showing the bearish swing starting 10th February - 11th August, 2019.

The retracement ended at the 61.8% Fibonacci level and we expect price to extend to the 161.8% Fibonacci level on the downside.

This 161.8% level is at 9.3X (almost co-incident with the monthly time frame support at 9.44).

All the best everyone!

RabbiDoracle:


I'm thinking that once it breaks 16.90 (stays comfortably at N17), it starts to fly from there. Worst case it stays there (at 17)and consolidates but won't fall lower anymore.

I expect 17 and above this week amigo.

GTB close to 26

UBA 7.10

NSE ASI 24K

Bro,

time tells the whole story.

Let's allow the market be the final arbiter.

All the best sir!

Greetings everyone,

if you currently have ZENITH shares in your holding, please do well to sell it off between 15.89 (price already touched this level) last week and 16.35 region.

I expect price to sell off and retest the 11.90 support and possibly deeper in the sub- ten level before we can see further buying.

All the best everyone!

RabbiDoracle:
On the contrary, it will easily smash this point.

Those who bought at 4,000 level are the winners. I see the short term (1 year) outlook to hit 20K and above. Then it falls back to 5,800 after the ATH.

The liquidity is there.

After 7638 wait for a bearish daily candle then sell.

Bitcoin will shed up to half of its value from that point.

I could be wrong anyway.

Time will tell the whole story.

RabbiDoracle:
Same pattern showing in some commodities(except Gold), crypto, technology stocks.

Brent
Bitcoin
Facebook

Bitcoin should have lots of sellers at 7638 or slightly higher.

ositadima1:
Give me, I need am. Do u want my pics holding a cardboard?

Na the biafran I want.

I will like to see how stupid he will be looking with the cardboard in hand.

Shebi him mouth dey sharp?

ositadima1:
You foresaw the COVID-19 pandemic or you are saying the recent fall in GTBank shares (the others too) was a result of some other causes?

I used a simple model that combines cumulative delta volume and VWAP to obtain the true price of GTB since after the 2008 melt down.

I mentioned levels for many other stocks. Gave a buy call for Access in the face of a bearish all share index. And it returned 100% profit.

Wetin else them want make I do?

They all said the GTBank call will never work and we agreed to wait it out.

Now the price is here and again people like @NorthEastern nor still wan gree.

Biafran4life:
This was the person making fun of me about my investment.A pouper and a scammer.And some saw sense in him because he made a bogus prediction about some stocks which only unforseen health/oil war made it a reality.He then started digging them up for this purpose.It Is not only 20 percent a month .Why not 100 percent ?

I will give you 10 such recommendstions and they all will be correct if you agree to post a picture of you kneeling down with a cardboard on which "I am sorry" is written after the trades work.

If you dare me, accept the challenge and I will put you to shame!

Northeastern:
A leopard can truly not change its colors.

This scammer is back to his old ways.

Oga, stop scamming people, in about 3 months, it will become the first anniversary of my rebuking you here.

Whoever invests in the Ponzi scheme his presenting as a proxy is on their own.

Since your proxy can return 20% per month, it will only take him 39 months to make $1 million on a continuously compounded basis. Let him just be patient for just 39 months and make it.

You are often too quick to cry foul.

Go and do your due diligence about the company and what it offers.

You were quick to say that my trade recommendations for the NSE were crap yet all of them with the exception of none worked exactly as I said.

A whole lot of people could have been saved of the loss they experienced holding GTBank shares if only you allowed them listen to sound counsel.

Price has come to the level I mentioned last year yet you are unrepentant.

That is not me. He is one of the Master Trader on TigerWit. I work as Head Trainer with TigerWit. As a staff, you aren't permitted to trade for company clients except sophisticated investors who will need to provide a written limited power of attorney.

Northeastern:
According to your previous posts, you make more than 20% in a month, why are you recommending someone that you are better than?

Aye le. I have been abundantly gracious to not only rebuke you, but also show you the way out - please refer to my previous responses to your when started this your get rich quick by risking people's money.

Your problem is psychological and it is not unrelated to the previous losses you have suffered in the market. If care is not taken, this might be what would end your life on earth. I am talking from experience - I know people that have gone to the world beyond with this your mentality.

Past losses does not increase the chance of success on your next trade. You will never achieve what you could not do with your own money with other people's money. The end result is not always good.

That is not me. He is one of the Master Trader on TigerWit.

Good time to earn some passive income.

This Master Trader has returned about 20% monthly consistently for the past six months.

You can send me a private message if interested in copying his trades.

meshpips:
When price gets to an unfair high, buyers are no longer interested in making price go any higher.

Sell trade taken on USoil

cc: rabbidoracle

thebargainhunte:
Why selling today dear??

When price gets to an unfair high, buyers are no longer interested in making price go any higher.

thebargainhunte:
Brent is green

Get ready to sell for today.

For defense and liquidity, my advice is to stick with stocks used to compute the NSE30.

Within this subset, you can still select those that have a higher Average Daily Range to Price ratio (even though we are aware that the maximum daily range is 10%, this ratio is still very important).

Interesting times ahead in the global financial markets.

All the best everyone!

RabbiDoracle:
Break above 23,600. If it starts to trade flat once above this level for an extended period(in weeks) without falling below it, then it means we passed the bottom (18K+). It shows that all indices worldwide must have done same.

Lots of stocks and indices are having the same pattern if you have noticed.

Excellent!

@rabbidoracle,

Dow Jones is currently at the 22394 previous support.

Being retested from the downside.

Let's see how the market will handle this.

You also mentioned 27,000 level sometime last week. You want price to close above the Ichimoku cloud right?

Biafran4life:
Go tell that to the baboon.I can predict my own.Gt bank will do #50 some day but when I don't know and what will be the reason I don't know.All I know market is not static.

Whem market dey deal with person e nor dey hard to know.

Bros pele.

meshpips:
Here's the yearly chart I used for GTB's analysis back then.

The third touch of the demand trendline which happens to be in confluence with the 2015 closing price is the lowest possible I see GTB doing for this year 2020.

That should be the 16.XX price handle I spoke about earlier.

In my opinion anywhere from 19.4X - 16.XX is an excellent buy for GTB.

From that entry, the first target will be around 40 or 41.XX price handle.

GTB ought to be done with the sell off.

All the best everyone!

RabbiDoracle:
Yeah. A gap up in my opinion. Not a gap down.

Gap down sir.

When I get home, I will show you the VAP reading for Pound - Dollar. As at market close last week.

The Euro - Dollar might get to 1.02XX if it plays out same way as the Pound - Dollar did.

Euro - Dollar needs to close far below 1.0694 for it to get oversold for the year 2020.

Keep your eyes on the Euro. Once it gets oversold, the trouble in the financial market will be over.

Guys be careful of open positions in the financial market.

Options expire today for the month of March.

We might see awesome gaps over the weekend.

All the best!

tundelight:
Greetings. Please I want the Gurus in the house to suggest for me a good and legit forex broker in Nigeria. Please I must able to trade US30 with this broker. Thanks in anticipation.

Check my signature.

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They are the only trading platform built on blockchain technology.

Utterly transparent, excellent spread, quick withdrawals.