₦airaland Forum

BullBearMkt:
BANKING INDEX SHOWING ACCUMULATION AND CLOSE TO DEMAND LEVEL

A closer look at NSE Banking sector indicates that the price has fallen up to the level where smart monies will start buying while many others are still selling. What makes it more interesting is that accumulation is already ongoing. Apart from FBNH and recently WEMA bank, most banking stocks are on massive decline.

This is the high time to start looking for a stock of interest to invest into at a demand level or better still, wait for the confirmation of rally before jumping into any banking stock.

As an example, below, I show the charts for Diamond and Fidelity Banks support level (highlighted zones) and dotted line to show confirmation of rally when price close above it.

PLAN YOU TRADES AND TRADE YOUR PLANS

please where do you get your candlestick charts from

please guys which platform do you use for candlestick charting on NSE

BullBearMkt:
IS THE MARKET (NSE) READY FOR "RESURRECTION"?

Looking at the NSE close last trading day, candlestick pattern shows an engulfing candle, which Technically indicate possibility of reversal from downtrend. But the engulfing candle appearance has no meaning if its occurrence is not at the demand level (Support) and also weak volume is not encouraging - Chart 1. Weekly candlestick shows indecision in the market, meaning possibility of downtrend continuation or a reversal to uptrend... - Chart 2

Before I can start picking stocks to buy, I need a close of NSE index above the dotted black line as shown in Chart 1, but preferably I need the market to fall further to the anticipated level (highlight). Then we can flow with the market if such engulfing candle/bullish pin-bar appears at the highlighted zone.

Wishing you all a Happy Easter.

PLAN YOUR TRADES AND TRADE YOUR PLANS

just thought of trying my hands on trading stocks on NSE how can I do technical analysis on them and how do I get live tick by tick bids

wizecoder1:
That Gap..... Broker...?

Why jump in front of a moving train. Suicide

mrikay:
I like this idea... But how do we know it won't do what #EurAud is doing right now?

I didn't. Euraud is in a range moved my SL at swing low and until price retraces more than 100% long trades are valid.

Bollinger:
Trade ideas;

Sell EURNZD for a TP of 16570. SL 16937.

Sell EURCAD for a TP of 14407. SL 15357. Now for this pair, it's really fifty fifty at this point because it's direction is confirmed. It's very bullish but it still has not created it's trendline. It could decide not to (just like EURUSD didn't) and keep heading up, but based on statistics of past patterns, there is a 50 percent chance that it would retrace and do so. Point is, it's bullish but i'm hoping it retraces to form a solid trendline.

It won't retrace much

Eurnzd trade setup

PIPnator:
OK Finally this one decides to borrow some sense
The trade is for a 200pips but mehn!! More like my balls are failing me. Kinda want to close it with the over 85pips that i see already!
Tomorrow is EU interest rate decision. I fear news like its the devil itself




Meanwhile, Arsenal - Chelsea later today

Why were you scared this is a cool setup price was just forming a triangle correction before taking off

We send money to China, India, USA, Dubai, Hongkong, @ good rates

you can come to our office @ 15 Bode Thomas Street Surulere, Lagos.

email info@fx-balance.com

Obynolee:
What's your rate?, sending to China

please kindly contact us on any of our numbers

greatgod2012:
This is serious!

So, it has come to this


I can still remember the way PMB was so loved and praised in 2015 and in just two years after, see the level of insults and hatred people who were hailing him then now have towards him!


Even here on NL, just type "Sai baba" and see how many likes the person would get. Let anyone try to type it now, so many e-stones will be thrown at the person.

May this not be my portion and that of my loved ones.


I have learnt so many things about this PMB matter!

this sister said E stones... ctfu!

DjSwaga:
Please which type of account and which bank is your account domiciled?

I am in kenya, the home of mobile money

sorextee:
ive been to Kenya, so i know what im saying.. i have families in SA, so they feed me stories..
you and i know and read news of how our peeps traffick drugs in asia..
let me tell u the truth sef, the kenyans really hate us more than the south africans..

just shut up, you are a bloody liar.

sorextee:
I agree too. Not in support of drugs too. But why re most Nigerians doing drug business abroad sef.. Even the Kenyans said dey will soon begin their own attack on Nigerians.. That we polute their country with drugs... Na so our people full Malaysian prisons, Indonesia, China, Japan, etc, over drug related offences...

Dont know where you get your info from, I am in kenya and you are talking bullshit.

LaconicINC:

Guy you are just a mean person.

henrydan:
Let me tell you how it works:
You send me your BTC, i purchase high valued Dumps with Fulls and then use my US RDP to remit the MTCN to you in Nigeria. If you understand what i mean then you should probably understand that i am a black hat man.

Who is this slowpoke

MonsieurCoder:
Oga, there are a lot of people that transact with Skrill and PayPal who are not exchangers. Even on this thread, have you noticed some people buy but NEVER sell, Have you wondered why? Stop making speculative assumptions.

I can withdraw cash from skill under 2seconds and its in my mobile money account ready to be spent also paypal

We send money to China, India, USA, Dubai, Hongkong, @ good rates

you can come to our office @ 15 Bode Thomas Street Surulere, Lagos.

email info@fx-balance.com

call 08036453610

whatsapp +254791608885

gocare:
Does anybody have dollars cash to sell to me.
In Abuja, I need a huge amount but at a rate better than aboki.

if you would be interested in dollar transfer at a much better rate than aboki do reach us

We send money to China, India, USA, Dubai, Hongkong, @ good rates

you can come to our office @ 15 Bode Thomas Street Surulere, Lagos.

email info@fx-balance.com

idupaul:
I supported him to do well but after one year his performance is irritating ..infact the man's name irritates me now ..no plan, no vision , no road map ..Haba if na you you no go provoke .

Respect brother!!

ajepako:
Mr Paul..l no understand you these days oh..

You used to be a pro PMB na...wetin happen?

E be like say you don dey join wailers small small oh..

Anyway lets wail for a better governance and not for PDP or APC because they are all recycled thieves and looters

Bro this is what the younger generation does not understand. If we are enlightened enough we can overcome tribal and religious bigotry and as a Result cause a revolution.

PassingShot:
That was for excess crude account. Not foreign reserves. They're not same thing.

apologies must have assumed you mentioned the former

PassingShot:
Please remind me of what happened to it.

many governors insisted that the money should be shared amongst states.

tbaba1234:
Dollar will come from people that have it... There will be demand and supply...

my brother these people hay have it sold @ 360 when official rate was 197 what will they sell now. These people a have it can they meet the demand of the every Business in Nigeria

PassingShot:
You said NOTHING.

The major factor in our currency losing its value was unavailability of government dollars to meet demand for dollars.

And the situation with crash in the crude price (largest earner of our foreign currency) plus squandering of the reserves we had by the last administration during the last election, mean that we do not have the capacity to defend the naira or provide dollars demanded by the market.

I disagree with what you said about the foriegn reserve you and I knew what happened to it.

tbaba1234:
It is currently at 257.. Let's see how the day ends... There is pent-up demand so it could end around 280 today... But it will still stabilize at around 250..

the he question is who will sell at that rate to you? Haba una no fit understand simple thing. #250/$ and then ? What ? Dollar will fall from heaven?

Doyin2:
And you are tactically wrong!

Devaluation is a deliberate reduction in the value of Naira to a fixed and specific rate.E.g N300 to 1 Dollar.

But what CBN has done is to allow market forces to determine the real value of the Naira which is unknown yet,to he determined by the forces of demand and supply.

Thus the Naira could either appreciate or depreciate,determined by supply and demand.

Hence tactically devalued

davodyguy:
Do you have a brain at all?

Your avengers are clowns and jokers.
Let them attack Chevron staff and they'll be dead and buried
Obama Vows to Protect Americans, Provide Humanitarian Aid in Iraq

Okay, oya agreed. Now go into the creeks and kill em all

eph12:
Is it the useless youths of today that you want to represent Nigerians at such important event?

Useless indeed

vickylincon:
you said pardoned? They were not pardoned rather, they were put in a separate place so that they can verify interrogated and then rehabilitated.. This is in agreement with UN

And nnamdi nko?
Which country rehabilitates terrorists shey you suppor the idea? If them wipe your family you go dey happy abi?