₦airaland Forum

ogoo4real:
Hmmm but Gtb is already set to fly high

any insider news on GTbank?

feelamong:
any insider news on GTbank?

Yhupp
Before:
Rsi has been flat for over 10 days
Macd also flat, kising signal line

Today
Macd is about to cross signal and also above zero (very strong move in TA)
RSI touches 60

umm interesting

Ucap
- pull back over , further upside expcted
- SP opened much higher than yesterday closing
- secondary macd crossing signal line (both above zero)
- RSI closing at 70+ (strong +ve sentiments

FCMB
- pull back ongoing
- RSI breaks below 70, lowest level in 14 days (approx)
- SP showing support at 1.30 levels , it will be TESTED


( Note: no 2 pull backs look d same)

fxuser:
Yhupp
Before:
Rsi has been flat for over 10 days
Macd also flat, kising signal line

Today
Macd is about to cross signal and also above zero (very strong move in TA)
RSI touches 60

umm interesting

So can we say is a buy recommendation for Gtb.

no new 52 week lows and highs

ogoo4real:
So can we say is a buy recommendation for Gtb.

tough giving recommendations, so many other factors
position size , entry range mgt, holding period, stop loss targets and be be lo
lets see how it settles tomorrow !
we have to careful of FAKEOUTS
if SP opens higher than today's closing . . dats a good sign
if SP opens higher and closes higher than today's closing . . dats a very bullish sign
so till tomorrow

Guinness
- For newbies
- always watch trend lines , wish i knew this years ago.
- when 50dma (moving average) crosses below 200dma , its called a Death Cross
- this happened to Guinness ard August 2013 , SP was around N248
- the death cross signals a bearish move, what you would notice is lower highs and lower lows
- the SP (share price) is never able to capture prev highs
- the opposite of death cross is Golden cross , what you would notice is higher lows and higher highs
- you don't trade both d same way

See: FBN charts also, very insightful
-in FBN's case , the death cross was in 2013 also, when SP was ard N17
-however the 50dma is catching up with the 200dma
- the cross over may take weeks or months or more

Just thought to share , cant go into details.

Zhirinovsky:
Why these fusses on FO, shit is still locked @N65.2o. I don't understand why most trusted investment sites still recommends Guinness as a strong buy considering they just authorised a Rights Issue . They better allow they stock to fall like it should.

Did fo just do 12%?

http://www.worldeconomics.com/SMI/Nigeria-SalesManagersIndex.efp


Nigerian Economy Close to Growing out of Recession

Rate of market growth continues to improve to highest level in 9 months
Monthly sales pick up sharply
Rate of price inflation remains substantial in January


January data for the Nigeria Sales Managers’ Index (SMI), which measures growth across the country, reflects a continued change in fortunes with the Market Growth Index (48.7) improving steadily for the 3rd consecutive month. The economy remains in recession but managers are reporting renewed business confidence on the back of improving sales as represented by the Sales Growth Index. Price inflation for January, which is tracked by the Prices Charged Index, remained very high at 62.0. Overall, conditions in Nigeria remain challenging but managers are expressing optimism that the[b] country will pull out of its yearlong recession within the next few months.
[/b]

Forgive my prejudice

mercylicious234:
Did fo just do 12%?

fxuser:
Yhupp
Before:
Rsi has been flat for over 10 days
Macd also flat, kising signal line

Today
Macd is about to cross signal and also above zero (very strong move in TA)
RSI touches 60

umm interesting

Oga, na technical analysis be this na.

Feelamong specifically asked for insider's news

TRANSCORP FAITHFULS,PLS READ AND DIGEST WELL

Chairman of Transcorp and United Bank for Africa Tony Elumelu has expressed fear over the
downward drain of the power sector in Nigeria
- Elumelu said the government is owing Transcopr over N50billion leading to the poor
performance of the company
- He said if necessary actions are not taken, the power sector will crash and Nigeria will
wallow in total darkness
Tony Elumelu, chairman of Transcorp and the United Bank for Africa, has revealed that
Nigeria’s power sector is going down the drain and will soon collapse if necessary
actions are not taken by the federal government.
Elumelu stated that the Transcorp is being owed so much money running into almost
N50billion and added that if the company includes the invoice for January, the
company will be owed close to N55billion.
Power supply is failing in Nigeria
Vanguard is reporting that the agency that is responsible for making sure that the sector
delivers optimally is not doing well enough.
READ ALSO: 3 reasons power supply has been bad nationwide
Elumelu said: “We are owed a lot of money. Transcorp Power Holdings is owed almost
N50 billion. When we put in the invoice for this month, we should be owed almost N54
billion or N55 billion.
“How do you survive in business like this, how? Other GenCos I know are actually dying.
“We are struggling because of our diversified resource base, what of others? Something
urgent and drastic must be done.
"It is as urgent as yesterday. The truth is that Transcorp Power, as a key operator in the
sector, is struggling. And if we are struggling, you can imagine what others are going
through.”
Elumelu explained that the challenge began when dollar was N168, but when the dollar
rose to N300, there was a mass depletion of value to shareholders.
READ ALSO: EU will spend N50 billion on Nigerian power sector
He said: “ Today, the dollar is N300 officially and N500 on the black market to the dollar
so imagine the depletion, the erosion of value to shareholders of Transcorp. ”
He added that this development cannot encourage investment in the sector.
He explained that the company initially negotiated with General Electric to bring
turbines worth $500million but aborted the plan due to the company’s inability to
secure the foreign exchange needed for the business.

http://leaders.ng/exclusive-whistleblower-gives-leadersng-damning-evidence-corruption-central-bank-nigeria/ ... if this is true Nigeria is finished.. its just a pity

This could be what triggered FO and Oando move today

http://www.thisdaylive.com/index.php/2017/01/26/presidency-orders-finance-minister-to-pay-petroleum-marketers-n150bn-debt/

Tritri:
Am selling off all my portfolio and will be back after release of result.

Why not tell us you are selling your transcorp ? how many stock you get if not daar&j oil? .

Oando
- SP is breaking out
- rsi closes above 60
- been trading sideways for a while , time to re-test N5 again
- 20dma has crossed above 50dma (+ve)

#JustObserving

Good morning everyone,

many people have said hurtful things about pre-installed indicators and their use in making trading decisions.

I hereby invite you to an eye opening webinar. Kindly see details below. Thank you.

Please register for Understanding Bollinger Bands on Jan 27, 2017 11:00 AM CET at:

https://attendee.gotowebinar.com/register/543848518194747137

This course teaches, in a simple, easy to understand manner, a time tested technical indicator which can be used to make informed trading decisions in the FOREX market.

What exactly is Bollinger Band?

How are the values generated?

Can it be of benefit to ones trading?

Which setting is the best?

All these questions and more will be answered in this course.

After registering, you will receive a confirmation email containing information about joining the webinar.

Brought to you by GoToWebinar®
Webinars Made Easy®

locodemy:
TRANSCORP FAITHFULS,PLS READ AND DIGEST WELL

Chairman of Transcorp and United Bank for Africa Tony Elumelu has expressed fear over the
downward drain of the power sector in Nigeria
- Elumelu said the government is owing Transcopr over N50billion leading to the poor
performance of the company
- He said if necessary actions are not taken, the power sector will crash and Nigeria will
wallow in total darkness
Tony Elumelu, chairman of Transcorp and the United Bank for Africa, has revealed that
Nigeria’s power sector is going down the drain and will soon collapse if necessary
actions are not taken by the federal government.
Elumelu stated that the Transcorp is being owed so much money running into almost
N50billion and added that if the company includes the invoice for January, the
company will be owed close to N55billion.
Power supply is failing in Nigeria
Vanguard is reporting that the agency that is responsible for making sure that the sector
delivers optimally is not doing well enough.
READ ALSO: 3 reasons power supply has been bad nationwide
Elumelu said: “We are owed a lot of money. Transcorp Power Holdings is owed almost
N50 billion. When we put in the invoice for this month, we should be owed almost N54
billion or N55 billion.
“How do you survive in business like this, how? Other GenCos I know are actually dying.
“We are struggling because of our diversified resource base, what of others? Something
urgent and drastic must be done.
"It is as urgent as yesterday. The truth is that Transcorp Power, as a key operator in the
sector, is struggling. And if we are struggling, you can imagine what others are going
through.”
Elumelu explained that the challenge began when dollar was N168, but when the dollar
rose to N300, there was a mass depletion of value to shareholders.
READ ALSO: EU will spend N50 billion on Nigerian power sector
He said: “ Today, the dollar is N300 officially and N500 on the black market to the dollar
so imagine the depletion, the erosion of value to shareholders of Transcorp. ”
He added that this development cannot encourage investment in the sector.
He explained that the company initially negotiated with General Electric to bring
turbines worth $500million but aborted the plan due to the company’s inability to
secure the foreign exchange needed for the business.

This even the more reason to buy to TRANSCORP.

For laymen like LOCO who doesn't understand the tone of the message.

Tony Elumelu stated that as a VIABLE COMPANY they have done their bid by providing SERVICE while GOVT on the other hand is owning about N55billion which inturn lead to depletion of shareholders value e.i TRANSCORP share price fell from above N7:00k to below N1:00k as well created a very good entry position for some BARGAIN HUNTERS .

In a nutshell GOVT DEBT is their major CHALLENGE unlike MANY MORIBUND COYS in NSE that are accessing all avenue to raise FRESH CAPITAL and BAILOUT FUNDS .

*ThE OcToPuS*

PETERiCHY:
This even the more reason to buy to TRANSCORP.

For laymen like LOCO who doesn't understand the tone of the message.

Tony Elumelu stated that as a VIABLE COMPANY they have done their bid by providing SERVICE while GOVT on the other hand is owning about N55billion which inturn lead to depletion of shareholders value e.i TRANSCORP share price fell from above N7:00k to below N1:00k as well created a very good entry position for some BARGAIN HUNTERS .

In a nutshell GOVT DEBT is their major CHALLENGE unlike MANY MORIBUND COYS in NSE that are accessing all avenue to raise FRESH CAPITAL and BAILOUT FUNDS .

*ThE OcToPuS*

I don sit down dey look you and Transcorp.

fxuser:
Guinness
- For newbies
- always watch trend lines , wish i knew this years ago.
- when 50dma (moving average) crosses below 200dma , its called a Death Cross
- this happened to Guinness ard August 2013 , SP was around N248
- the death cross signals a bearish move, what you would notice is lower highs and lower lows
- the SP (share price) is never able to capture prev highs
- the opposite of death cross is Golden cross , what you would notice is higher lows and higher highs
- you don't trade both d same way

See: FBN charts also, very insightful
-in FBN's case , the death cross was in 2013 also, when SP was ard N17
-however the 50dma is catching up with the 200dma
- the cross over may take weeks or months or more

Just thought to share , cant go into details.

Pretty nice to see someone using Technical Analysis to trade the Nigerian market.

Permit me to kindly inform you that the 200 DMA might not mean much. I strongly recommend that you use the 260 DMA.

Why 260 DMA? There are 52 trading weeks in one year and 5 trading days per week.

Therefore finding the Daily Moving Average over 260 days (periods) makes more meaning than using 200 DMA.

Hope this helps?

Find time to attend our webinar at 11 am local time today.

Thanks!

scopemarkets:
Pretty nice to see someone using Technical Analysis to trade the Nigerian market.

Permit me to kindly inform you that the 200 DMA might not mean much. I strongly recommend that you use the 260 DMA.

Why 260 DMA? There are 52 trading weeks in one year and 5 trading days per week.

Therefore finding the Daily Moving Average over 260 days (periods) makes more meaning than using 200 DMA.

Hope this helps?

Find time to attend our webinar at 11 am local time today.

Thanks!

Are you surprised.

Most traders here use both Technical Analysis and Fundamental Analysis on stocks.

Intendy:
http://nse.com.ng/Financial_NewsDocs/16242_PZ_CUSSONS_PLC_Q2_NOV_2016_FINANCIAL_STATEMENTS_JANUARY_2017.pdf

better (q on q) putting the fx valuation into consideration

@ForteOilNg holds board mtng: 30th

is that the reason for the rally yesterday

feelamong:
@ForteOilNg holds board mtng: 30th

is that the reason for the rally yesterday

I believe rally has to do with the debt payment by FG.

@BBoason: JUST IN: #NGRs total exports stood at N2.31trn in Q3 while total value of imports was N2.41trn, increases of 29% QoQ & 6% QoQ respectively.


JUST IN : #Nigeria posts trade deficit of N104bn in 3Q, which compared with N482bn in Q2

No wonder Emefiele Reserves are growing

Zenith
Opened higher

Ucap
opened higher

Fcmb
more support at 1.31

Guaranty
also opened higher at 25.60

LOCO I think @Peterichy is making a point here (even though he has discouraged trading till 2018). Transcorp SP downtrend is not due to poor performance or indebtedness to the banks, but due to debt owed them by govt. If a company's share price falls due to debt owed them, it's great potential for investors and its a matter of getting the lowest SP bargain possible and exercising PATIENCE. It's similar to FBNH situation.....patience is golden with respect to these two stocks. My opinion........