₦airaland Forum

BullBearMkt:
Will NSE Index behave like Diamond Stock?
After forcing many shareholders to sell their holdings in panic, Diamond stock rallied from a low at 0.66 to a high at 2.39 within a space of 2 weeks. This happened after Diamond broke a long time support located at 1.08. As that was not enough, it later created a lower low signalling that all may not be well with the stock. But all of a sudden, gbam! we saw a rejection candle, a higher - high and and and over 200% increase.

Just looking at the NSE index, I noticed it just broke a long term support; fell a bit and for the past 7 trading days, it's been bull upon bull. Now, I am wondering, could this be Diamond in the making? If yes, then I need the index to create a "high" or break exiting swing high at around 32000 and then we could have Diamond bank behaviour in the making . If I didn't see these features, then, I want to stay aside...

PLAN YOUR TRADES AND TRADE YOUR PLANS

Mcy56:
Chai! The bull dey vex today for some banking stock today (to be specific). I pray this continue to next week too.

#Edited... before someone go quote me now.

maishai:
After the general elections, the next thing on the financial community mind is the next CBN governor....House abeg o.....Update us on the rumor,,,, If na Wigwe go succeed emefiele make i PUt my kife savings for access merger

Chibuking81:
This bull is good ooo. Next weekend will be “ Be fearful when others are greedy and be greedy when others are fearful.” Warren Buffet.

Mcy56:
Chai! The bull dey vex today for some banking stock today (to be specific). I pray this continue to next week too.

#Edited... before someone go quote me now.

Chibuking81:
@ currentprice, I bought at January bonanza offer, and will still buy by February bonanza offer. For those that miss January offer, they should not panic, because February bonanza offer is the way, the current bull is preparing ground for the main February bonanza. For jijo group remember turn your profit into hard copy to avoid paper/soft copy gain.

lafencer:
Should we still look forward to this kind of behaviour next week?

currentprice:
chibuking try for the timing o. i just pray he see something buy sha. so that what happen in 2017 will not repeat itself

lafencer:
Should we still look forward to this kind of behavior next week?

BullBearMkt:
...I did some studies about market reactions in the election year sometimes, it will be great to look into it again. Who knows, similar thing could happen

STOjo:
Please gurus in the house, answer that 100 million dollar question.

Cc. Agba, CP, OGG and our good lady Mcy56, et al

PETERiCHY:
For those on SMN.

4 mnths into BUBU/JUBRIL go-slow regime.I predicted thats the epitome of what to EXPECT in his 4yrs regime and it's now CRYSTAL CLEAR.

For those of you still praying for the rampamping BULL..

All you need do is simply OBEdiently ATIkulate and watch out for a repeat of 2006/2007 RALLY when the SUDANESE is finally kicked back to his country.

FOREIGN INVESTORS are all on the SIDELINE waiting for the TRIED & TESTED DUO wey SABI.

*ThE OcToPuS*

PETERiCHY:
Honestly Buhari has messed up this country big time. Imagine one small bull showed up after 11months of downward trend and everyone is jumping up.

A word is enough for the wise.

lafencer:
Your feedback on this will be highly appreciated. I will also need specific studies in days/weeks for pre and post election period to enable me plan my trade and trade my plan. Thanks.

aremso:
Nice one Agba man ton lo aso asiko!

BullBearMkt:
WAITING FOR ELECTION TO BUY - Does it worth the waiting?
I have tried to study the NSE ASI price movement just before and after presidential elections in Nigeria and its effect on the market generally. But due to lack of data even from NSE (this is terrible!), I cannot really come to a conclusion.

Available data only covers the last 3 presidential election from 2007.

-2007: Before election, market was bubbling and this is the period NSE witnessed great patronage both from crooks and saints alike. So market continue the euphoria during and after the elections. Good to note is that the incumbent party (PDP) just transfer power to the same party. Similarly, the power to be then nominee won the election. So the atmosphere was good for the market.

-2011: The election took place in April, but before then the world witnessed financial crash and many countries were just getting out of this including Nigeria. However, after the election, since the incumbent party (PDP) won the election, market embrassed the news, rallied for 1 month and immediately the president was sworn-in in May, market started falling till the end of that year...

-2015: From the beginning of the year, market was dipping due to uncertainties surrounding whether there will be election or not until American & British governments shown their anger; that was when Nigerian govt announced that presidential election will take place in March. Market loved the news & immediately a dipping market suddenly changed direction and created a pin-bar. Election came & gone with the incumbent president conceded defeat - market loved this and we witnessed market rally. Before the president was sworn-in, market became jittery and market started another fall till late 2016.

I tried to make any summary out these 3 scenarios but data is too small, however, a common factor are:
-Market rallies in the election month
-Market dips after president sworn-in and lasted for at least throughout that year

With the elections now coming in February, what do we expect

wanaj0:
Nice one. However, there are many factors at play so difficult to distinguish the main contributing factors.

For example, the 2015 issue has more to do with the shock in the economy than election fever itself. A situation were oil price crashed and the reserve was falling at an alarming rate. Even if there is no election, the outcome I believe would have been the same.

In 2018, I doubt that election again is the main issue. I think it has more to do with what is going on external to Nigeria. Most emerging markets are either devaluing their currency or watching the markets take a beating. RSA is in recession! Even Asia companies are not left out. Most emerging market funds have lost like 10% in the last 6 months.

The political risks associated with election is understood and most times exaggerated.

moneywoman74:
Looking at my portfolio today am all smiles. The bulls will be back soon.

BullBearMkt:
...thanks @sky2891. I think the summary there is there is likely to be market rally pre-election, election month and before swearing in. After this expect bear for the remaining year. Though the data used was few and could be not a good representation. So due diligence needed.

TLAX:
Well noted. Since prices lead events/information in the market, it means the market is trying to tell us something about the elections outcome then. This was just my thought earlier in the day.

***Please guys/ladies, i am not trying to start a political conversation. just my random thoughts.

TLAX:
Well noted. Since prices lead events/information in the market, it means the market is trying to tell us something about the elections outcome then. This was just my thought earlier in the day.

***Please guys/ladies, i am not trying to start a political conversation. just my random thoughts.

Chibuking81:
Election bear must come in the month of February, we should not rule out market manipulations. Those remaining foreign investors who want to bail out will push the market high with force, and will also bail out with force. Smart Jijo group members will benefit from this movement.

Those doubting will see it in the next 14 days been 8 February, 2019. Massive bear will close the market. Bonanza, bonanza, bonanza

dipoolowoo:
Hello House, this news might interest you.

Buhari Removes Onnoghen, Swears in Muhammad as Acting CJN
https://businesspost.ng/2019/01/25/buhari-removes-onnoghen-swears-in-muhammad-as-acting-cjn/

dipoolowoo:
Hello House, this news might interest you.

Buhari Removes Onnoghen, Swears in Muhammad as Acting CJN
https://businesspost.ng/2019/01/25/buhari-removes-onnoghen-swears-in-muhammad-as-acting-cjn/

dipoolowoo:
Hello House, this news might interest you.

Buhari Removes Onnoghen, Swears in Muhammad as Acting CJN
https://businesspost.ng/2019/01/25/buhari-removes-onnoghen-swears-in-muhammad-as-acting-cjn/