₦airaland Forum

BullBearMkt:
HAS THE FORUM TURNED INTO COMPETITION?
With amusement, I have read various posts in the past couple of days. I keep wondering, if there is a prize to earn if anyone could predict accurately the reversal point for GTB? Will the right person be awarded a $50,000 prize or nothing? If there is no award, then count me out. But if there is any and is less than $50,000 - still count me out. However, if the award is over $50,000, then I AM IN!

Even at that, can I accurately tell the exact price point the stock can reverse & begin the rally? In all honestly, I cannot. I can only predict a possible zone based on past data and as we know, "Past performance is not an indicator of future outcomes" - says disclaimer from many professional analysts.

If people that have been there severally could claim past data I wanted to use is not always reliable to give a particular result, then why should I be 100% sure of my reversal zone? Based on my experience trading stocks (NSE, NASDAQ/NYSE, FTSE), FOREX, CRYPTO... I can categorically state nobody can predict exact price point a reversal can occur. AS A RESULT, I AM OUT OF ANY COMPETITION ALTOGETHER.

My little contributions are to provide readers quality and educative information. With proper money management, these info will make many people money and everyone will be happy for it.

Back to GTB, the stock is now within what I termed Rejection Zone 1. I expect to see market reaction in an attempt to reverse the trend. If this level is violated, it will expose the stock price to the Critical buying zone where long term buyers could benefit greatly for buying-to-keep. Rejection Price 2 mean to look and reconsider the fundamentals of the bank all over.

for bigger chart: https://www.tradingview.com/x/vIZnu9Jq/

PLAN YOUR TRADES AND TRADE YOUR PLANS

Thank you @ BBM.

We know those who are genuine and the those who are fake.
Any one who says he can accurately predict the exact point or price a stock or market will reverse its direction is either a fake or is new to the market.

I was surprised that oracle allows someone without a portfolio to drag him into that unnecessary game of predicting a reversal point for GTB.

You are doing a good job and your TA analysis is always very educative.

meshpips:
Make I use pidgin English explain your own case.

You sabi drive but the car must be Toyota.

Can you see how intelligent you are sir?

You deserve a statue in the East!

What happened to the UACN you recommended here

And have you forgotten so soon that NSE is not leveraged and that you don't put your money .......

meshpips:
When I buy BELOW the volume adjusted price, I am 99.99% GUARANTEED of making profit.

VWAP is a very important metric used by professional traders. My volume adjusted price is very similar to VWAP.

It shows me, per time, the FAIR price (TRUE price) of ANY market instrument.

The volume adjusted price is PRISTINE pure, having distilled between the quantity of buyers and sellers. It now uses the EXCESS buy or sell quantity to compute the TRUE price point on the price chart.

There exist three variables :
(A) Price
(B) Time
and
(C) Volume

Technical analysts have done exceeding great work on the change in PRICE with respect to TIME

Not so much has been done on the change in PRICE with respect to VOLUME

John 3:8 King James Version (KJV)
8 The wind bloweth where it listeth, and thou hearest the sound thereof, but canst not tell whence it cometh, and whither it goeth

You don't see the wind but you see its effects.

In the same way as there is a relationship between VOLUME and the SPREAD (range, high - low) of a candle or bar.

As long as you don't have a cscs account with which you buy/trade stocks on NSE, everything you have said here is still theory........

735i:
MTN may overtake Dang Cem as most capitalized stock on the index today!

Some stocks are just stubborn.
I have been waiting for it to drop lower but the opposite is what is happening...... MTN

wanaj0:
Not a BAD result as they are trying to clean up the books of their Nigerian operation.

I however think there are BETTER meat in this NSE bush

OK, thanks.

I can't really understand why the CAR ratio dropped significantly below regulatory minimum in a space of one accounting year.

DeRuggedProf:
Oga CP,
I am out of custody.....
The insipid temerity of that action was deeply degrading.
It will ban Seun one day....

May be, we will arrest the bot

Welcome back!

wanaj0:
Eku Market ooo

Welcome sir.
I need your input on ETI, what do you think about the bank vis-à-vis the latest result?

Agbalowomeri:
Even last year when I mentioned flourmills at N12 no be say I believe myself Lol
In NSE, impossibility is nothing

Na so we see am o
I didn't ever think it will happen so soon

The irony is that even at N12, afraid still dey catch person to buy.....

DOLLARTEX:
dangflour 24 naira final,withholding tax 10%,net 21.6?abi no be so?

Not so sir, it is your full money @ N24.00

Bizibi:
what surprised me yesterday is Germany stock market,it seems the trade war between us and China is affecting the others. It seems Trump doesn't care about the elections, na soldier go, soldier come. He is no different from Buhari.

Abba, how will you compare Trump with buhari?

Chibuking81:
Who are even Our ( Nigeria) economic team?

Just forget about the government.

If oil price dey alright, we go dey alright las las but if oil price no dey right na double wahala o

Agbalowomeri:
Soon person no go sabi which one to pick again sef Lol

lol

Zenith at N5, GTB at N10

Intendy:
Stocks with new 52 week lows

Zenith Bank #16.20k

Fidelity #1.47k

GTB #25.95k

Jaiz #0.37k

Oando #3.60k

Ecobank #7.00k

Transcorp #0.84k

Dangote sugar #9.55k

Ucap #1.80k

Fbnh #4.65k

Law Union #0.36k

Total #105.80k

Uacn #4.95k

Well done

E Ku analysis o.......

Agbalowomeri:
I dey suspect say some people don see zenith results

No be only zenith, some people don see all the bank result.
I have mentioned it here before, something might be wrong with zenith that is not known to the public yet........

OBAGADAFFI:
Lets just call them wasters.

If you know how much the Government is generating, they dont need to borrow any dime.

This was what those in APC were saying before they got into power.

Truth be told ,what we are generating as revenue is well too low for our population.

OBAGADAFFI:
The government still enough money to run the country for long.

The Budget oil benchmark is $60 per barrel, which means the government should have excess .

Which money?
We have been living on borrowed fund even when oil was above $60

Agbalowomeri:
Don't be too sure about this
I have similar premonition that this may be a protracted bearish market
We prepare for the worst, if we get the best all good

High yield dividend paying stocks

If lower oil price hit us well, dividend will be cut o as many companies will be struggling for survival and if devaluation happens on top, na long thing.....

mendes911:
Chief,

All these are cycles. Nothing new. Before April, people will be bidding for this same Zenith at over N30. FPI's stopped buying our equities long before this US/China trade war.

Don't be surprised when all these offers vanishes tomorrow. This is NSE, anything can happen and always do happen!

If oil price stays low for a very long time, it will be a difficult time for NSE o..

Agbalowomeri:
Haaaa aiye ma ni ka o
Kilode

O ga o....

mendes911:
You better not say anything ooooo. Stones might land on you today.

I beg , let him do his job o...

mendes911:
When the likes of Zenith and Fidelity are there?

Well, maybe if Transcorp touches 60k around October. Things will reverse again after this incoming bull run.

Ah ah, cheap good meat and bad cheap meat.....

mendes911:
Transcorp 84k.

How much are you ready to buy transcorp

mendes911:
When gbedu begin enter ChiBuKing body......

Bears that he saw, takes a whole year to visit his portfolio.

Obene......

Chai , there is God o.........

Agbalowomeri:
When plane fly below the cloud, it must be beaten by rain

It is a good day for you

What is happening in the market today?
Nothing is showing on the offer/bid size and volume.

DOLLARTEX:
that is how I sat down jeje and I got X-Alert that I bought FGN Bond.come this people dey try me ooo.

I got the same alert too.
Rushed back to check my account say I didn't make any mistake with my order today.

rebekah2011:
Continental Insurance Plc is to pay how much again. The stock is becoming more attractive

They have been churning out bad results from q1.
That might be their way of reducing the company valuation

Mpeace:
Dangflour u no fit kee me. I rather dig it out with registrars than collect N20 with is a 20% discount. Its like doing short term tbills at 20%. I rather wait.

And I am buying at N20.......

robobo:
My Oga i also agree that the story coming out of Eco is not that good plus the financial is just average and not in anyway excellent

But you can be rest assured that Eco won't be far from an acquisition / takeover with the current rate of its falling because of its pan african asset / franchise. who the acquired wld be is what cant be said at present but d franchise / asset looks quite enticing and wld make it a target of acquisition if the current downward trajectory does not abate

Chief BBM wld appr8 if i am on d mailing list on this


n.b i dont own any but wld seriously consider this in d coming days for speculative play purely

Some of my findings from the bank latest result;

---- CAR = 12.8 as at December 2018 against 24.8 in December 2017
---- The top line and bottom line have been growing in other regions while the Nigeria operation
continues to decline.
----- The contribution of the Nigeria operation to total income and profit has reduced significantly
between last year and this year

Agbalowomeri:
So these trade war people are back again
The cat and rat game continues
Hope this one will not push the already weak brent below 50

If that game continues, oil price might continue to fall, then FA people on NSE will have to take more dose of Patience...