₦airaland Forum

Welcome, Guest: Register • Login • With Google • Trending • Recent • New

Stats: 3,344,687 members, 8,513,169 topics. Date: Wednesday, 04 November 2026 at 02:07 PM

Toggle theme

Ositadima1's Posts

Nairaland Forum › Ositadima1's Profile › Ositadima1's Posts

1 2 3 4 5 6 7 8 ... 68 69 70 71 72 73 74 75 76 (of 180 pages)

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 10:04am On Jul 10, 2023
Deadlytruth:
But time frames aren't used in isolation. It is a combination of it with some other indicators. I might be wrong anyway.
When you switch to a different time frame, the indicator can use the new data to make calculations. For example, I receive daily high, low, open, close, and volume data from Morgan Capital, and I want to analyze the weekly data, I would need to change the time frame like this:

Take all of the daily highs for a trading week and consolidate them into one high. Do the same for the daily closes, the daily opens, and the daily volumes. Now I have my weekly time frame ready to be fed to any indicator I want to use. Software does that automatically.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 9:28am On Jul 10, 2023
janga:
The true about Technical Analysis is that it’s mostly used for entry & exist price in market and it’s also use for short term trades. so anyone trying to give 8 months direction of market using TA is just based on assumption
Wrong! Have you not heard of the concept of time frames and the fractal nature of the markets? As long as you can vary time frames, you can use TA. Candlesticks can be adjusted to represent minutes, hours, days, weeks, months, years, or even decades. Then, you can apply your TA tools. embarassed
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 9:21am On Jul 10, 2023
pluto09:
Is it not possible for TA people to talk and analyze without the word "if"? grin grin
TA is like weather forecasting. Humans have learned to identify major patterns, such as dry and rainy seasons, certain barometer readings, and other indicators, to predict when it is most likely to rain. Similarly, TA uses observable events on the chart to predict future price movements. Just like weather forecasting, TA cannot provide 100% certainty.

Hence... , if this happens, then this other thing is likely to happen. grin grin cheesy
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 9:07am On Jul 10, 2023
thesilentone:
NECKLINE on INTBREW for your double bottom was 5.05 area.

Above average volume for the past 4 weeks

IF you are a cautious buyer, wait till 5.85 if you want to join them.

Be conscious of the price rejections (wick city is what I call them) for the past 5 weeks - seller waiting at 5.70 junction

Buy the rumour, sell the news is in play.

-No positions here.
You are very correct. I was about to point that out myself. Looking at the volume profile from 2020 to 2022, there is a large volume between 5.8 and 5.5, which is likely where sellers have been queuing up to sell. Beyond 6, I still see some volume from before 2020 that may also want to sell. However, I think if it breaks 5.5 with strength, we may see it go above 7. Let's go! cheesy
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 5:43pm On Jul 08, 2023
megawealth01:
But FTN COCOA has been on steroids like cryptocurrencies grin

Not a recommendation has I usually buy stocks before movements grin
It reminds me of GameStop (GME), which rose from $8 to $483 in a matter of weeks in 2021. It was all over social media at the time.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 5:01pm On Jul 08, 2023
Harvestock01:
With the exception of a few names, what we are currently experiencing in the market is a repricing due to currency float. Thereafter, there will be consolidation and financial performance will be the major determinants of individual price direction.
How many companies had access to official rates? Was FTNCOCOA receiving subsidized rates?

I would also like to be lectured someday on how removing the subsidy will improve the profits of oil and gas companies like Eterna and Conoil, which were making 10-10 daily, lol.

When it is the bears' time, they do their thing. The bulls will always come back, and the cycle will continue.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 4:36pm On Jul 08, 2023
megawealth01:
True... That's why I go with mainly stocks that haven't bulled up yet so I can chop and clean mouth... grin

I always gamble downed stocks so I can help them abi follow them upwards... Check my signature grin
Bro, I've been looking for your signature since yesterday, when you asked someone else to check it. grin
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 3:58pm On Jul 08, 2023
YoungBuffet:
Guys enjoy the pumping while it last ooo we are heading to 200k one thing is certain when the pumping air finished everything go come down last last. My guy received risk disclosure form from his broker that sec has introduced so buyers are aware of the risk they are getting into to avoid 2008 event when people committed suicide. SEC knows the aftermath of the current pumping so they are exonorating themselves ahead.
The euphoria of the new regime is helping the market right now. But, once the dust settles and investors realize that a lot of what is happening is superficial and the underlying problems remain, the market will react accordingly.

If we agree that bulls and bears are part of the market, then it is certain that bears will come.

The problem is that some stocks have risen almost parabolically, and that is the same way the bears will come. All these stocks that are making 300%, 200%, and 100% in just a few weeks – I hope people are booking profits, because when the bears come, it will be bloody. It may not allow those caught in it to pull out their funds without serious drawdowns.

Let me go back to my beer drinking.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 2:58pm On Jul 08, 2023
Agbalowomeri:
Friday night booze Lol
So, if them leave u, you no go fit guess the stock way I dey refer to. Eeh, Doctor abi Prof Agba, the one liner. cheesy
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 9:48am On Jul 08, 2023
Hedgefunds:
Which stock....
NB
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 8:07am On Jul 08, 2023
essentialone:
45 ke. For IB that is trading at N5 ?
I was talking about Nigeria Breweries.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 7:52am On Jul 08, 2023
essentialone:
International Breweries. Buy, Hold, or Sell?

https://independent.ng/international-breweries-declares-43-7bn-gross-profit-at-46th-agm/
From looking at the chart, I see sellers waiting to dump at around the 45.3 to 48.3 region. If the price breaks that resistance, then 60 may be possible.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 6:23pm On Jul 07, 2023
emmanuelewumi:
Otudeko na bad news for the long term prospect of FBN.


At 80 years what is he looking for?

FBN lost it when he became the chairman of bank
He wants to run things one last time, maybe.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 2:04pm On Jul 07, 2023
locodemy:
Una leave Caverton oil money dey pursue Cutix.

Ositadinma, Caverton has broken that 1.38 wall oooo.Next week you go see fire on the mountain

grin grin grin grin

Veecovee I no fit hide face completely this time but I go try to show face small small
The next support is @ 1.8. The move from 1.4 to about 1.7 may be smooth, as there was not much volume. From there, the probability of a reversal (rejection) starts to increase with every move up. Let's go! grin cheesy
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 1:35pm On Jul 07, 2023
Ginalex:
@Mcy56 @ Ositadima1 please
Mcy56 has answered you. Please share any findings ooo. cheesy
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 1:27pm On Jul 07, 2023
BullBearMkt:
‘Everyone is a genius in a bull market’ - Mark Cuban cheesy
grin grin grin grin grin
grin
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 10:38am On Jul 07, 2023
Mcy56:
Like you said, they don't reason at out levels. Exactly!
The more reason he can pick at the time he saw value in it.

@currentprice used to say something: that he doesn't mind buying a stock higher in as much as he sights value in it......he may not buy a stock @20k, but may pick @40k once value is sighted...... smiley

That was how some people missed the bus @7, @8 and @10......with the hope that it will come back to 4......today, they're still waiting.... grin

Osita, don't come and ask if it's good for pick @30 o. lipsrsealed lol.
I am not interested in FBNH, but I will buy a few units at around 11.55 just to show you when it happens. lol
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 10:11am On Jul 07, 2023
Mcy56:
..but do you factor in the premium price paid?
Yes, someone else may be reducing and pocketing cool gains on his/her stakes.
Some of these moneybags act on a whim. They don't reason at our level when moving their money. FBNH was selling below 12 for a very long time, up to one or two months ago. Only for the big investors to remember that FBNH existed at above 18. LOL

What I'm saying is that we can play it in the short term and make some money, but I won't keep my hard-earned cash in FBNH long-term at this price, no matter what PaEmma's fundamentals say. grin
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 9:49am On Jul 07, 2023
bennyflipy:
Help please

I sold some of stock yesterday, the money is not on my withdraw account.
It take three days for you to be able to withdraw your funds. However, I could be mistaken. Mcy56 or Fringel may be able to give you a more accurate answer. grin cool

Or sterlingD... embarassed
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 9:36am On Jul 07, 2023
emmanuelewumi:
Always good to give room for errors.

Some people expected United Capital to go back to N4 few years ago, but the stock no look back


If not for mismanagement, FBN should be selling for N70 by now ...


When GTB and Zenith were paying dividends of 50k, First Bank paid N1.20k.


If the new management of First Bank can get their mojo back, the bank will go places
There is no need for room for errors. Like any prediction, it either happens or not; it is that simple.

Look at Zenithbank, for example. Despite paying regular dividends and showing consistent growth, it has made U-turns several times in the past, almost every year. It has hit 33 before then back to under 20. It has hit 25, 27, 28 at its peak, only to drop below or near 20. It is actually popular among banking stocks.

... that is why you need to add technical analysis (TA) to your repertoire of skill sets. grin grin
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 9:21am On Jul 07, 2023
Mcy56:
FBNH
* The cross dealer is still unknown, but yesterday's volume was so significant that it mustn't be hidden....
* Speculations have it that maybe one of the substantial shareholders is increasing his stake, or maybe he's consolidating his shares.......or maybe some power tussle competitions for control of the bank is ongoing behind curtains.......
* We'll know in coming days....

https://nairametrics.com/2023/07/06/fbnh-hits-10-year-high-as-insider-crosses-over-4-billion-shares/
Remember that when someone is increasing their stakes, someone else is reducing theirs. For every buy, there is someone selling, and if that someone is willing to sell loads of it, it doesn't necessarily mean that there is a commensurate increase in fundamental value.

I am no expert, but I would prefer a stock that is moving up with little volume. At least we know that the majority agrees that it holds value, and the few who sell want significant returns for giving up their position. cheesy grin
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 7:24pm On Jul 06, 2023
Mcy56:
Today's market is one of its kind!! shocked

FBNH volume and value alone is up to or even more in some cases than the overall market value!

CONOIL, MRS, ETERNA...made the 1st five on +10% gainers Table!!
Quite a lot of stocks that appreciated in value!
FBNH will go back to below 11.50 by June next year, and so will many others. I will remind you of this post. LOL.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 9:42am On Jul 06, 2023
megawealth01:
Ok na

I am heavily gambled on them sha grin
I sight resistance at around 1.8 but it has to beat the one at 1.4 first, good luck bro. wink
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m):
locodemy:
Japaul and chams delivered.

The next stock pick:

IB
Caverton.

These 2 stocks are waiting for Q2 results which is expected this month.
These 2 stocks will have their own rally when the result is out to meet up with the current bull.Their own turn is very certain.Their results have been bad all these while and now I am anticipating a good Q2 result from both hence my bullish......

Hold the 2 tight.You can add more now as they are available in the market.A time will come when their shares will dry and it will be just 10 10% like what is happening in Japaul and chams now.

My stock picks can be delayed but must certainly be as predicted.

Have patient and watch out

Back to my cave.
grin grin

Like they did in Q1 and Q2 of last year, abi, and then final result was trash and it lost 30% of its equity. The best time to buy CAVERTON was when it was below 1 naira.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 12:39pm On Jul 05, 2023
ogoo4real:
By Short-term I mean 1 week or 2 weeks max.
CHPLC, CHAMS, RTRBRISCOE, and JAPAULGOLD are short-term plays that can give good returns. Use small money play am o. grin
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 11:18am On Jul 05, 2023
lipsrsealed
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 9:46am On Jul 05, 2023
IYGEAL:
The way I understand it, brokers make the deals and send values to CSCS. It's possible they will choose high offers from their clients (for a buy order) and execute in-house before CSCS knows about it. I stand to be corrected.
You described front-running, which is a type of insider trading. This is illegal because it gives the broker an unfair advantage.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 9:16am On Jul 05, 2023
ogoo4real:
Please Between Access bank and UBA which one is the best to buy interms of short term profit?
Where were you when it was selling at a bargain? Where were you when it was advertised here? Where were you when it was pointed out that insiders were buying? Where were you when Youngbuffet said "No," and some of us said "Yes"? Look at the charts and how far they have moved from there January price, and make your own choice. cheesy wink

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 10:23am On Jul 04, 2023
Mfunkynation:
please the meaning of OVRSD/OVRBT
Oversold refers to a situation where a security has been sold too much and is likely to rebound. This can happen when there is a lot of selling pressure in the market, or when a security has fallen below its support level.

Overbought refers to a situation where a security has been bought too much and is likely to correct. This can happen when there is a lot of buying pressure in the market, or when a security has risen above its resistance level.

Here are some of the signs that a security may be oversold or overbought:

Volume: When a security is oversold, volume tends to increase as more and more people sell. When a security is overbought, volume tends to decrease as more and more people buy.
Price action: When a security is oversold, the price tends to fall sharply. When a security is overbought, the price tends to rise sharply.
Relative strength index (RSI): The RSI is a technical indicator that measures the strength of a security's price movement. When the RSI is below 30, it suggests that the security is oversold. When the RSI is above 70, it suggests that the security is overbought.

Copied... embarassed
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 8:48am On Jul 04, 2023
Coolcash1:
The problem here is that most of you are too scared of seeing prices go up than coming down. Most of the stocks are grossly undervalued hence the need for repricing. Although, from a technical perspective, they are due for a 50 to 60% correction as most of them are already trading in overbought zone. That is why people should avoid FUGAZ and other stocks in this range for now and wait for them to pull back before entering rather than chase and get slaughtered. My one cent..
UBA and ACCESSCORP still have approximately 30% and 40%, respectively. OVRSD/OVRBT list. cheesy

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 8:51pm On Jul 03, 2023
.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 8:42pm On Jul 03, 2023
.

1 2 3 4 5 6 7 8 ... 68 69 70 71 72 73 74 75 76 (of 180 pages)