₦airaland Forum

thebargainhunte:
Oya na, those that can predict stock market make una help me predict my next move.

Rook to E3, white king moves to row 2, 'A' rook takes pawn on B4. From there black has a upper hand.

That is if black turn was next, but as it is, black(You) is screwed. The 2 white rooks are free to pursue black king to oblivion.

RabbiDoracle:
Yes you can anticipate pullbacks. But you must be sure that the pullback will take you to where you bought earlier.

Example :

If you buy a stock A at N2 and it gets to N4, and you see that there is a possibility of a dangerous pullback that could retest your earlier purchase price, then you could sell. Once it gets to the prive you bought earlier (N2) or goes lower, then you could buy more.

But where you buy at N2 and it gets to N4, and you see a decline that sends it to N3.50 and you had sold hoping that it goes lower. But it doesn't. Now you buy back at N3.6 and still ride on. That means you shouldn't have sold.

That is why you should do your calculations and analysis to be sure that before you sell that it must the the heat- causing pullback. Just like the January 2020 decline.

I see ur point, I was actually thinking along the lines of 10% to 7% retracements, mandetory 2% to the brocker and 5% to 8% extra for you while you ride the trend.

That is, if that someone can anticipate with some accuracy. Also depending on that someone position size, it wouldn't work with people with very large positions.( like you, sir )

RabbiDoracle:
It isn't about making returns. It is about short and long. Meshipps said Zenith will fall. Zenith cannot fall in isolation. All banks should do the fall.

I'm long equities since mid March 2020.

I agree, if Zenith were to fall that low every other stock will follow. Zenith is one of d most valuable stocks on the NSE this period.

But, couldn't someone make more returns by anticipating pullbacks and capitalizing, instead of ridding long all through?

Shebi dey said all trends come in five waves. ( Elliott)

Mcy56:
Fbnh back to 5.50.....
Fbnh done with pullback.....too early to conclude? We wait and see....
Did anyone see that 30M single crossing?

I am patiently awaiting FBNH at 5, FCMB at 1.76, and possibly, GTB at 22.

S007:
I saw 81m single bid for Gtb today. I had to clean my eyes several times to make sure I dey see clear. FPI them get wicked money.

Really, but todays trading volume was only 23.49 millions with 576.22 million naira turnover.

How did you sight d 81m bid? Is like you spend way toomuch time in front of a screen, bad for your eyes o.

onegentleguy:
NEIMETH now on full bid @ N1.03 !!
A 38k buyer should be sitting on a whooping a near 170% gain by now !!
Note the part in bold though.

We mentioned most this stuffs here in times past. ...I even wrote several articles on them.
See 2 below;
https://www.booksie.com/618814-alarm-bell-in-nigeria-between-fear-risk-and-opportunity-

https://www.booksie.com/595806-value-investing-the-sentimental-way

Congrats to those in !!

Oga, these ones are in retrospect nah, the challenge is to now identify the next moving bus(ses). Thanks.

meshpips:
Let me show us a few things from my volume analytics :

Last week closed at 16.95 while last week's VAP was 17.44 (this was why I said touching 17.44 will be the litmus test for Zenith as at last week).

For this new week, the VAP is at 18.08

We still have about 509 million units of stock in the net sell direction as shown in the K column.

If price touches 18.08 this week then closes with a bearish body next week, Zenith will sell back to the 11.90 low (maybe lower).

18.08 is the price level to watch for this week.

You are saying Zenith will drop 34%, the only way I can see this happen is if institutional investors deside to exit the market for some reason...

Justcul:
It's a strong resistance on the NGSEBNK 5 year timeframe 318.99

You lost me sir. My sophistication never reach this level.

As per my observations, some banks will experience pullbacks in the coming days after which they will make new highs, I am expecting FBNH to pullback to up to 14%, Guaranty to about 12% and FCMB to about 7%. After these retracements , new highs will be hit, my readings are based on Elliott waves analysis. I might be wrong sha, lets see.

MrDiligence:
Please can someone explained what CSCS dividend is all about as it is not listed on NSE

It is traded on the NASD OTC securities exchange.

Read this:
https://www.google.com/amp/s/thenationonlineng.net/cscs-lists-shares-nasd/amp/

Justcul:
At that price, gtb should be selling at 25 resistance turned support I guess..

I see resistance at either 25.6 or in the zone between 26.75 and 27.69. I still dey learn d work o.

TLAX:
@ bolded makes sense. I have that figure at 18.90 though and i see it staying there for a while.

I did some studies with Fibonacci retracement on Zenith, I also found resistance between 18.03 and 18.29. I am afraid I am starting to understand these things and it is hairy o

meshpips:
Beos, I stated the support level.

Do not buy except price touches that support level.

Has priced touched the support since the time I gave the recommendation?

This thing nor hard like that na. Shuo!

You are asking us mere mortals not to buy until it touches ur support prediction yet people are already sitting on huge profits, why are you like this na?

meshpips:
Bros,

I am not interested in stressing myself out to prove a point.

All of una tell me say make GTB hit 19.45 before I should bother saying anything else. E don happen.

Now una still dey use me do yeye. I nor get that kain time bros.

One problem with you TA crowd is that you call numbers with such certainty to the point of unnecessary arguments, know that what ever tool you are using is based on lagging data. Every forecast is one of several probable outcomes.

It is not like calculating the escape velocity of a satellite where parameters are constant once you have measurements; TA is not a science, it is more like art.

RabbiDoracle:
In engineering, when you design an equipment, the next stage should be the line of processes that you will use to mass produce the design. Because delaying in producing/replicating the idea or equipment will lead to increased demand, sought for alternatives, financial loss etc

When you design a financial tool/model, your next step should be how to easily calculate parameters for a whole range of stocks and instruments. VAP is cumbersome. I have mimicked it before when we argued last year.

Now I want you to list any stock on any exchange globally, give me the ticker symbol and tell me the time frame you want. I will try to forecast the possible price it could get using advanced pattern recognition. Once you do this, my reply to your question will be in less than 5 mins.

We have done that of Bitcoin. And I have updated you.

Advanced pattern recognition as in machine learning, do you use python? All this talk about VAP is flying right over my head, in short I don vex I go go learn TA and and tensorflow. I dey vex

ebuka1997:
I can see it separately like this.. I’m trying to understand how I can use it on charts to see movement

From the indicators list in picture 2 select moving average exponatial. If you want 10 and 20 days periods, you have to select it twice. Once u have the indicator on chart, select d tiny gear on it, from their u can change period as well as color etc.

As I dey see so, Dangcement is held at 150 because of d upcoming dividend, once the dividend is paid it will come down to 140 or lower o, na watin I see sha.

Mcy56:
Did you see the fcmb you said e no dey shake body at 1.90?
Think we have to introduce betting here too...... Godisfaithful when is your betting coy coming up nah?

Are you implying I don't do my due diligence before entering a position



I am planning to enter FBNH at km5.15 as I they see am so, it will move up o next week, how u see am?

Mcy56:
Na true.
14M bids at 5 now. I talk am say na shakara dem still dey do when they were bidding at support then......goal post shifted now to 5.

Aunty Mcy56, why FCMB no dey shake body na?

RabbiDoracle:
While I agree that the market is predictable as I have long been researching on that, I do not think this is the main financial crisis. The main one will come much later.

So Gann and Antoniou are getting it wrong because they are not factoring the Fed effect. Where the Fed is a backstop to prevent a 1929 style prolonged fall.

That prolonged fall will still meet us whether we like it or not.

From my research the bear market started in 2018 and not 2020.

No need for research sef, 200 exponatial moving average shows accurately bull and bear periods on any historical chart.

OBAGADAFFI:
https://www.google.com/url?sa=t&source=web&rct=j&url=http://www.nse.com.ng/products-site/equities-site/Documents/The%2520NSE%2520Equity%2520Mkt%2520Structure.pdf&ved=2ahUKEwiWkuq4usDpAhWDAGMBHRT8BMgQFjAAegQIAxAB&usg=AOvVaw3sEvYOS8CKzpUh8NVQSuXH

Thank you.

Mcy56:
That's the rule (as per the last price movement amendment).
Go through this rule and learn one or two things more.

http://www.nse.com.ng/mediacenter/pressreleases/Pages/nse-reviews-rules-on-pricing-methodology.aspx

http://www.nse.com.ng/regulation-site/Dealing%20Members%20Rules/Amendments%20to%20Dealing%20Members%20Rules%20(Part%20XVI)%20-%20Chapter%203%20Trading%20and%20Exchange%20Operations%20-%20Market%20Structure.pdf

The link did not answer the question, true that 100,000 units is required to shift prices officially, but why daily movement is 10% or below? Why not 12% or 15%

Uchetoba:
The same way many will miss out on this UACN unbundling thing because of analysis paralysis

Why u carry this UACN for head like so, every day u keep repeating same thing, we don hear na. Na so u love us reach? U want us to hammer by fire by force abi?

Something tells me u are equally scared and uncertain, u want to lure as many people to get in and so raise prices, so even if casala burst you go still collect on stock appreciation.

If gains were sure I don't think u would be advertising aggressively like this. My thought sha.

meshpips:
Here is a question that should get bargain hunters thinking . . .

Which would you rather buy:

1. A stock that is making new 52 - week low

Or

2. A stock that is trading above its 52 - week average price and has pulled back to a level of support

Bargain hunters . . . . Hmmmnnn

The answer would be 2, because from a TA point of view, if all things being equal( no good_bad news) there is a high probability of reversing to it average price. I would use a donchian channel to set both trailing take profit point and stop loss.

1 is not a good strategy especially if its 52 week low is ur only basis.

https://www.youtube.com/watch?v=NlB7HReFejE


Listing carefully, in the beginning...

Uchetoba:
I will increase my holding today so that UACN will constitute the 99% of my portfolio from the current 96%.

Thank you, but I will also like to hear from the market. Let the market talk to me first.

My Brilliant friend, I give it 9. I don't know what genre to put it in, honestly. I find the story quite captivating despite me being the kind of guy who likes fast paced scifi shoot-them-up and blow-them-up kind of shows.

My Brilliant Friend is quite good, though it is in Italian with english subtitles.

yMcy56:
Try this:

Thanks

gabscity:
I don't double click again. On each ticker, there is a drop down i click and select "Market Order"

Thanks, it worked.

ebuka1997:
Hey guys how much do you have to have in your trading account to have a chat with your broker to reduce your charges... I use Afrinvest and I just realized how exorbitant their fees are... they charge 1.35% and I’m thinking of taking with them first and if they don’t budge I’ll move over to MorganCapital... I just want to see if they can reduce it for me say to 1% so I don’t have to deal with the stress of migrating and moving my shares then gradually I can think of moving to MorganCapital

I sold some shares today for the very first time (UACN, just above break-even , my little jijo funds was trapped for nearly one week and prices were heading south).

My observations are 0.91% for buying and 1.26% for selling. I use Morgan Capital.