₦airaland Forum

fxuser:
the beers wars for market space has driven the quality of beer across board .

Int brew
Weekly chart

- get own vol challenges (ex: just 3,400 traded on d last day)
- however rate of decline practically slowed down , price is trading within a range (accumulative tendency)
- price spent d last 22 weeks btw N35.20 weekly closing high and N29.45 weekly closing low
- 18 weeks btw N33.55 weekly closing high and N29.45 weekly closing low
- still bearish but not like before , clearly its found some short term support ard n29-30 levels
- a close below d lower level is a red flag or stop loss
- while a price close above d upper level signifies positive upside possibilities (PUP)
- some may choose to buy ard lower range or wait for a breakout

chart
https://invst.ly/9nemv



dis:
plz cud be very very wrong

Trading Range

Recommended Reading:
https://zerodha.com/varsity/chapter/dow-theory-part-2/

Quote:
The concept of range is a natural extension to the double and triple formation. In a range, the stock attempts to hit the same upper and lower price level multiple times for an extended period of time. This is also referred to as the sideways market. As the price oscillates in a narrow range without forming a particular trend, it is called a sideways market or sideways drift. So, when both the buyers and sellers are not confident about the market direction, the price would typically move in a range, and hence typical long term investors would find the markets a bit frustrating during this period.

However the range provides multiple opportunities to trade both ways (long and short) with reasonable accuracy for a short term trader. The upside is capped by resistance and the downside by the support. Thus it is known as a range bound market or a trading market as there are enough opportunities for both the buyers and the sellers. '' end quote

Other ex: Oando

onegentleguy:
Yes, I believe its a shakeout !!
With FO, TECHNICALS is still very much intact !!
Current price(day low) of N32 is still well above all key moving averages... including the pivotal 200 sma(@ N29.48).
The interpretation of this is that the expected PE investor(long term in view) who would supposedly buy up the 75% equity stake is 'still very much around and kicking' !!

This is clearly profit taking at work. I expect price to continue the uptrend in due course. When? ...I do not know. ...the market dynamics shall determine that.

CAVEAT: Just a feedback. ...not a recommendation !!

Cheers.

i share same sentiments . . much needed after a +70% gain in 3 wks

#Like

sillysassysally:
I totally agree with the technical information and strategy buy beyond that, don't you think a transaction might be brewing?

Look at the some of the stocks that investors were really wary about this year, you'll notice that there was later a "turn-around" (e.g DIAMOND and FO). What if OANDO is equally working on a transaction that'll spark some serious bargain hunting?

One may also profit from the range; OANDO never stays below N5 for long, just as UCAP never stays below N3 for long.

ur right
one can buy d lower range to sell d upper #allGood

Mcy56:
UP OGG and crew members! You guys won in Wema's tournament today.
Monday is another day Abeg dont mind me o.

i like d action there ...

DeRuggedProf:
stockbrokers have indeed made money today.

I reviewed my trading this week and discovered I have to get more discipline.
No wonder my broker was all smiles that last time we spoke.
I have really worked very hard this year for those guys, much more than most of their staff, and I am not on their payroll....
I will be a very lazy client next year, God willing....

lollx make broker chop nah !

Vitta foam FYE

http://www.nse.com.ng/Financial_NewsDocs/24675_VITAFOAM_NIG_PLC._FINANCIAL_STATEMENTS_DECEMBER_2018.pdf


PBT 601 mln vs (127) mln y/y

#mattress

52 week low alert
- DangCem (index mover)


#plsBringBackIntendy

Michael11stock:
[center] you want make they stop diamond bank from moving Abi? abeg leave them ooo. How far you still inside trsnscorp?

Lol. I sold my tashere units on Friday but buying it back again on Monday God willing i.e. If it comes to my junction.

4601CE:
Here’s a copy of what I got from one of my stockbrokers yesterday concerning FO.

That broker's comment in the last paragraph though.
Since I'm not in FO, I wouldn't comment on it, make FO shell holders no pounce on me.

@ndidigood happy Sunday. Happy Sunday to everyone, we thank God for making us to see the last Sunday of the year 2018.

Mcy56:
@ndidigood happy Sunday. Happy Sunday to everyone, we thank God for making us to see the last Sunday of the year 2018.

Happy Sunday to u too mydarling mcy56,ekuu holidays everyone

ndidigood:
Happy Sunday to u too mydarling mcy56,ekuu holidays everyone

Nice to hear from you Ma'am. I don dey fear before say whether Agba don kidnap you when I no see you for class.

Mcy56:
Nice to hear from you Ma'am. I don dey fear before say whether Agba don kidnap you when I no see you for class.

She came of her own volition

Is there trading on the exchange tomorrow..be like say i hear public holiday for shagari tomorrow

Not sure !!

lancee:
Is there trading on the exchange tomorrow..be like say i hear public holiday for shagari tomorrow

Not sure !!

that's for sokoto state

lancee:
Is there trading on the exchange tomorrow..be like say i hear public holiday for shagari tomorrow

Not sure !!

Nah for Sokoto state

fxuser:
Vitta foam FYE

http://www.nse.com.ng/Financial_NewsDocs/24675_VITAFOAM_NIG_PLC._FINANCIAL_STATEMENTS_DECEMBER_2018.pdf


PBT 601 mln vs (127) mln y/y

#mattress

Oga, what is the chart saying about the results?

Once you're done, also tell us what the chart is saying about the proposed 25 kobo dividend and 1 for 4 bonus.

fxuser:
Vitta foam FYE

http://www.nse.com.ng/Financial_NewsDocs/24675_VITAFOAM_NIG_PLC._FINANCIAL_STATEMENTS_DECEMBER_2018.pdf


PBT 601 mln vs (127) mln y/y

#mattress

It’s like people are making babies more now

Impressive result. Hope the market react +vely to it.

yom2:
that's for sokoto state

Ok sir ..Noted

chykeking:
Nah for Sokoto state

Thanks

Northeastern:
Oga, what is the chart saying about the results?

Once you're done, also tell us what the chart is saying about the proposed 25 kobo dividend and 1 for 4 bonus.

is the bonus issue in the result?I can't see it anywhere!please when is the qualification date for both.

DOLLARTEX:
is the bonus issue in the result?I can't see it anywhere!please when is the qualification date for both.

Note 31 on page 56

maishai:
I have sighted the full moon... The real Bull returns in 3 days time.

I have seen people trading forex based on size of the moon..i dot not understand it... What are the sizes of the moon that prompt sell,hold and buy? Can you recommend any book that can be found on pdfdrive?

Northeastern:
Note 31 on page 56

wow!thanks a lot.

good morning guys ,please if i sell today with Morgan Capital can i get the fund same day in my account ?I know this not possible with the other stockbroking house i used

Tomorrow is January 1st. The beginning of bonanza period. Bonanza gang take note.

Tolktob:
good morning guys ,please if i sell today with Morgan Capital can i get the fund same day in my account ?I know this not possible with the other stockbroking house i used

No way!

Mpeace:
Tomorrow is January 1st. The beginning of bonanza period. Bonanza gang take note.

It is sheer waste of time waiting for such a bonanza call. They will wait till 2020.

Ask those old people how long they waited when they stood at the riverside watching to see if a crab will blink.

@everyone, Merry Christmas and happy new year.

Tolktob:
good morning guys ,please if i sell today with Morgan Capital can i get the fund same day in my account ?I know this not possible with the other stockbroking house i used

T+3 days still applies.

fxuser:
Trading Range

Recommended Reading:
https://zerodha.com/varsity/chapter/dow-theory-part-2/

Quote:
The concept of range is a natural extension to the double and triple formation. In a range, the stock attempts to hit the same upper and lower price level multiple times for an extended period of time. This is also referred to as the sideways market. As the price oscillates in a narrow range without forming a particular trend, it is called a sideways market or sideways drift. So, when both the buyers and sellers are not confident about the market direction, the price would typically move in a range, and hence typical long term investors would find the markets a bit frustrating during this period.

However the range provides multiple opportunities to trade both ways (long and short) with reasonable accuracy for a short term trader. The upside is capped by resistance and the downside by the support. Thus it is known as a range bound market or a trading market as there are enough opportunities for both the buyers and the sellers. '' end quote

Other ex: Oando

Nice work you are doing bro. You and BBM.

Didn't know you play Chess.

Hunt for Undervalued Stocks to Dominate Market
https://businesspost.ng/2018/12/31/hunt-for-undervalued-stocks-to-dominate-market/

SAHCO Assures Investors of Better Investment Return
https://businesspost.ng/2018/12/31/sahco-assures-investors-of-better-investment-return/

SEC Urges Retail Investors to Consider Mutual Funds, CIS to Reduce Risks
https://businesspost.ng/2018/12/31/sec-urges-retail-investors-to-consider-mutual-funds-cis-to-reduce-risks/

Tolktob:
good morning guys ,please if i sell today with Morgan Capital can i get the fund same day in my account ?I know this not possible with the other stockbroking house i used

yes you can, you will only get charged 3%, after 3 days you get no charge. if you had existing money in your account before you wont be charged