₦airaland Forum

ojexin:
I need enlightenment I want to invest and make money, you guys should teach me the way now.

fatjo:
Fbn should out this thing already now. Haba

BullBearMkt:
THE TREND IS YOUR FRIEND...

Price is always noisy with a lot of fluctuations up and down. This many times make it extremely difficult to determine when to enter/exit a trade with profit. Just like a drunkard going from point A to point B, price will first stagger around to reach points A', A''... before it finally get to its destination at B, Chart 1. This of course is to create emotions (fear/greed) for traders/investors to ensure he/she exits the trade with a loss or at most minimal profit.

A great tool to smoothing out price fluctuations is the MOVING AVERAGE. A moving average of price is based on the close of each bar interval. For example, a daily 20-Day-Moving-Average (20DMA) is the close of the last 20 day bars. It is great on historical data and provides price trending.

The phrase, "...the trend is your friend" was coined to keep traders aligned with the general direction of the stock's price instead of jumping around the price's whipsaw. If the overall price trend is up, traders will want to BUY and if the trend is down, it is SELLING time.

LIMITATION
-Moving Averages on price are lagging. This means moving average reacts to price movement, or price turns before MA makes its turn...

The longer the moving average, the greater the lag but the benefit is you will get a smoother trend. Hence, a 50DMA provides more lag time than a 20DMA, although 50DMA will give a smoother trending than 20DMA.

fatjo:
Fbn should out this thing already now. Haba

fxuser:
FBN
- highest weekly close in d last 6m was 3.69 ,
- SP failed to close above 3.70 and bears pushed back to N3.00 support (buy zone)
- wud be nice to see a weekly break above 3.69
- be rest assured the profit takers are also gearing up once again (resistance level approaching)

Godisfaithful:

kenmaro:
Please, I need a buy advise(entry price) on the following stocks;

UCAP
Honeywell
Fbn
ETI
and any suggested penny stock for short term investment

DeRuggedProf:
If I had FBNH, I would have sold 1/2 of the units at N3.71 now if I got at below N3.2.

NB: Just thinking aloud..

ihedioramma:
As you dont sorry oga .

DeRuggedProf:

I love selling gradually into strength....

kenmaro:
Please, I need a buy advise(entry price) on the following stocks;

UCAP
Honeywell
Fbn
ETI
and any suggested penny stock for short term investment

fxuser:
FBN

- be rest assured the profit takers are also gearing up once again (resistance level approaching)

Revibe:
Everything still looks like Greek to me . Been reading" trading for a living " not done yet. Hope to catch up fast.
But pls what's the meaning of Dma.

fxuser:
FBN - wait for the pull back , prev entry was ard N3. be patient
ETI - let it bleed out jejely , don't try and catch a knife . be patient
Ucap - wait for d support. be patient

fxuser:
Fidelity
- support is overcrowded
Support overcrowded By FXuser

FCMB
- SP at tested support area

kenmaro:
Thanks very much. So much appreciation!
How about FCMB?

ihedioramma:
Take time O you can go (sell) .

fatjo:
Boss the suspense is killing. Must they always carry last? Weda shorterm or hold longterm, make we take know our fate for the matter