fxuser:


wat i mean !
(https://commodity.com/technical-analysis/shooting-star/)
- expect some pull back
- watch for rejection wicks
- similar for FUGAZ

Always helpful sir

meshpips:
Technical Analysis 101

Home Work:

Draw an UP TREND LINE on the weekly chart for ZENITH

cc:
@rabbidoracle
@adruino
@jejebaba
@onegentleguy

This chart u pulled up, is it from tradingview? Where?

ositadima1:
Still on FCMB matter, will history repeat itself?

Also, I cant remove those annoying S, D and P symbols for split and dividend. Any Ideas?

interesting . .

ositadima1:
Still on FCMB matter, will history repeat itself?

Also, I cant remove those annoying S, D and P symbols for split and dividend. Any Ideas?

My view

A+ setup entry is at 0.76

A buy from 0.96 is about the next best thing.

Miscellaneous:


This chart u pulled up, is it from tradingview? Where?

This one is from investing.com

meshpips:


My view

A+ setup entry is at 0.76

A buy from 0.96 is about the next best thing.

This your charts won't work...you are telling me FCMB will come down to 0.76 or 0.96

Please put a time frame...not that people would make all the profit in the market and then if in 2021/2022 something happens and price falls you come out and say I told you so.

But all this your analysis for Zenith back to N11 or FCMB @0.96 will not wok in 2020 again.

See the way fxuser describes his chart... Don't come and be giving us imaginary price.

Put a time frame or rest abeg!

hectoro:
Hello Experienced Investors:

Some background -I have used 2 stockbrokers in the last 12 years, just realized I have 3 CHN numbers, I'm not receiving all my dividends and generally unhappy with poor service received so far. I tend to just save money with treasury bills/mutual funds since losing faith in my stockbrokers.

I want to see all my shares and transaction records in 1 location, have just 1 CSCS/CHN number, and eventually trade and reinvest dividends by myself (transaction value max of 150k per annum). What do I need to do? Can anyone recommend an online platform that is reliable, with reasonable/clear fee structure and is user friendly? Or am I being unrealistic? I have seen MorganCapital mentioned a lot on this platform, are there others that people can recommend?

Thanks!

u sound like a long termer........If u are not a frequent trader, I suggest u go for a brokerage house with good customer service........I suggest meristerm

fxuser:


interesting . .

weekly chart (takes out the noise)
i get the symmetrical view , lets consider a descending pattern , similar to fidelity

- price finds support at base level , its held from 2018 to date
- but every bounce of it fails to go far, wh forms a descending slope
- will discuss this another time

stcool:


This your charts won't work...you are telling me FCMB will come down to 0.76 or 0.96

Please put a time frame...not that people would make all the profit in the market and then if in 2021/2022 something happens and price falls you come out and say I told you so.

But all this your analysis for Zenith back to N11 or FCMB @0.96 will not wok in 2020 again.

See the way fxuser describes his chart... Don't come and be giving us imaginary price.

Put a time frame or rest abeg!

'' then if in 2021/2022 something happens and price falls you come out and say I told you so. ''
hehehehehe

hectoro:
Hello Experienced Investors:

Some background -I have used 2 stockbrokers in the last 12 years, just realized I have 3 CHN numbers, I'm not receiving all my dividends and generally unhappy with poor service received so far. I tend to just save money with treasury bills/mutual funds since losing faith in my stockbrokers.

I want to see all my shares and transaction records in 1 location, have just 1 CSCS/CHN number, and eventually trade and reinvest dividends by myself (transaction value max of 150k per annum). What do I need to do? Can anyone recommend an online platform that is reliable, with reasonable/clear fee structure and is user friendly? Or am I being unrealistic? I have seen MorganCapital mentioned a lot on this platform, are there others that people can recommend?

Thanks!

I have a similar case like that, until I try to unit my CHN in the 3 brokers that I use, I write to CSCS and I was asked to pay some certain amount of money to get the summary report of all my share holding with different stockbrokers as I requested which I paid, and the answer was provided, and they ask me to write back to them through one of the active stockbrokers I used, which I deed. To cut the story short I later resort to the following, I open another account with Morgan capital, making it two account with them, thereby instructing them to use the CHN which I have with CSL that I want to use, since I have activated most of my e-dividend mandate with that. After my instruction the made mistake to open the new account with new CHN account, I write back and insisted that they should follow my instruction of using the CHN account number I used with CSL and they correct the mistake and changed it to that CHN number I want.

Now I have uniform CHN number with CSL and Morgan capital, and still maintain the first account with Morgan capital that have different CHN, because I have stock too that I activated their e - dividend mandate with that CHN number.

So whenever I paid money to Morgan capital, I usually send email instructing them my account to be fund.
On the stockbroking firm recommendation, I will recommend the CSL and Morgan capital, they are both efficient, chose any of them, and remember to write your preferable CHN number in its provision while fill their form.

fxuser:
GSK
- just seeing this chart , chaiiii so you people having been chopping serz gains here !
- practically closing every week higher for the past 10 weeks ! !
- umm will be watching the LTF

#watchlist

GSK
- decent move off its 52 week Low of N3.45 , d dividend is a distraction

Chibuking81:

I have a similar case like that, until I try to unit my CHN in the 3 brokers that I use, I write to CSCS and I was asked to pay some certain amount of money to get the summary report of all my share holding with different stockbrokers as I requested which I paid, and the answer was provided, and they ask me to write back to them through one of the active stockbrokers I used, which I deed. To cut the story short I later resort to the following, I open another account with Morgan capital, making it two account with them, thereby instructing them to use the CHN which I have with CSL that I want to use, since I have activated most of my e-dividend mandate with that. After my instruction the made mistake to open the new account with new CHN account, I write back and insisted that they should follow my instruction of using the CHN account number I used with CSL and they correct the mistake and changed it to that CHN number I want.

Now I have uniform CHN number with CSL and Morgan capital, and still maintain the first account with Morgan capital that have different CHN, because I have stock too that I activated their e - dividend mandate with that CHN number.

So whenever I paid money to Morgan capital, I usually send email instructing them my account to be fund.
On the stockbroking firm recommendation, I will recommend the CSL and Morgan capital, they are both efficient, chose any of them, and remember to write your preferable CHN number in its provision while fill their form.

Thanks for this. Kindly share the address and the likely fees to be paid for anyone in a similar situation.

Thanks.

meshpips:


This one is from investing.com

Thanks...

If I want to trade nigerian stocks daily like forex, what website can I go? Must I discuss with a broker?

stcool:


This your charts won't work...you are telling me FCMB will come down to 0.76 or 0.96

Please put a time frame...not that people would make all the profit in the market and then if in 2021/2022 something happens and price falls you come out and say I told you so.

But all this your analysis for Zenith back to N11 or FCMB @0.96 will not wok in 2020 again.

See the way fxuser describes his chart... Don't come and be giving us imaginary price.

Put a time frame or rest abeg!

Leave him. Let the market decide.

No be mouth dem dey take trade stocks.

meshpips:


My view

A+ setup entry is at 0.76

A buy from 0.96 is about the next best thing.

DrAwo:
Uba plc 5 year/ q1 2019 & 2020 analysis...

Thanks bro for this analysis.

Meshpips told investors that it will get to N3.13 since July 2019

And they are still waiting for this.

We are in a bullish phase o. Those that have ears, let them hear!

meshpips:
By the time them onifa look for higher swing low tire with which them go draw the up trend line, na that time them go know say elders get joker for hand.

I dey wait una up trend line o! Shebi una too sabi book?

See ehn, unless and until we sit down and ruminate/cogitate about the "anatomy of tops/bottoms" some of these things will never make sense.

Maybe now you are beginning to see why I have mentioned time and again that the most recent low has to be "contested" before we can have the long awaited bull party.

#thegodsarewise

I am waiting. Na today people don dey draw trendlines

Didn't people draw trend lines in January 2018 and 2020? And wetin happen?

GonFreecss1:


Have an idea on the stockbroking fees of CSL?

CSL STOCKBROKERS charges about 1.45% for buying and 1.55 for selling, total 3%

Morgan used to charge about .65% for buying and .85 for sell total = 1.5% before, but they have increase theirs to around total of 2.2% buying and selling commission.

1kinggy:


Thanks for this. Kindly share the address and the likely fees to be paid for anyone in a similar situation.

Thanks.

1st Floor, Stock Exchange House: 2/4 Customs Street,
P.O.Box 3168, Marina, Lagos, Nigeria.
https://www.cscs.ng
contact@cscs.ng

BELOW was their reply.

Thank you for contacting CSCS customer service.

Please pay the sum of 630 NGN to the account below to enable us to scan your statement to you.

Account name - Central Securities Clearing System
Account number - 2023148006
Bank name - First Bank Nigeria PLC

Also, respond with the tracking number and date of submission of the account merging request to enable me to track the status.

We appreciate your patience and understanding.

For further inquiries, please do not hesitate to contact us at contact@cscs.ng or by calling 0700 CALL CSCS i.e. 0700 22552727 from 8 am to 5 pm Monday - Friday.

Do you want to “GET MORE”? Kindly update your current contact information (phone number, contact address, email and date of birth, etc.) with your stockbroker for easy access to CSCS Plc.

meshpips:
Technical Analysis 101

Home Work:

Draw an UP TREND LINE on the weekly chart for ZENITH

cc:
@rabbidoracle
@adruino
@jejebaba
@onegentleguy

You have said Zenith bank will fall to 11.90 and we have corrected you that a big bank doesn't fall in isolation. All in the sector must fall.

So since you are expecting a bear in the banking sector, why don't we wait till your forecast comes to pass.

The main thing is that you have seen the bearish body you are looking for in Zenith. And from your estimation, the count has started.

RabbiDoracle:


You have said Zenith bank will fall to 11.90 and we have corrected you that a big bank doesn't fall in isolation. All in the sector must fall.

So since you are expecting a bear in the banking sector, why don't we wait till your forecast comes to pass.

The main thing is that you have seen the bearish body you are looking for in Zenith. And from your estimation, the count has started.

The max I can give him is 3 months starting June. If by August ending 31st, Zenith does not touch N11 as he predicted. I would advise he throws away that his model and face his forex.

Meanwhile I keep buying stocks in the weeks ahead.

https://www.opec.org/opec_web/en/press_room/5966.htm

The 11th OPEC and non-OPEC Ministerial Meeting concludes No 9/2020
Vienna, Austria
06 Jun 2020
The 11th OPEC and non-OPEC Ministerial Meeting was held via videoconference, on Saturday, 06 June 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and co-Chair HE Alexander Novak, Minister of Energy of the Russian Federation.

The Meeting recalled the rights of peoples and nations to permanent sovereignty over their natural wealth and resources.

The Meeting reaffirmed the continued commitment of the participating producing countries in the ‘Declaration of Cooperation’ (DoC) to a stable market, the mutual interest of producing nations, the efficient, economic and secure supply to consumers, and a fair return on invested capital.

The Meeting welcomed Ecuador, Indonesia, Trinidad & Tobago as observers.

The Meeting recalled the decision taken by all Participating Countries in the DoC at the 10th (Extraordinary) OPEC and non-OPEC Ministerial Meeting on 12 April 2020 to adjust downwards overall crude oil production.

The Meeting noted additional adjustments from Saudi Arabia (1 mb/d); the UAE (100 tb/d); Kuwait (80 tb/d) and Oman (10-15 tb/d) in June; the announcements of voluntary adjustments from several countries, such as Norway and Canada; as well as various oil company statements revising downward production plans and shutting in supply.

The Meeting underscored how the production adjustments in May, alongside the emergence of many economies from the lockdowns due to the COVID-19 pandemic, have helped garner tentative signs of a recovery in the global economy and oil market.

However, the Meeting emphasized that it was vital that DoC Participants, and all major producers, remain fully committed to efforts aimed at balancing and stabilizing the market. In this regard, it was noted that global oil demand was still expected to contract by around 9 mb/d for the whole of 2020.

In view of the current fundamentals, and following the agreement reached at the 179th Meeting of the OPEC Conference, all Participating Countries:

Reconfirmed the existing arrangements under the April agreement.
Subscribed to the concept of compensation by those countries who were unable to reach full conformity (100 per cent) in May and June, with a willingness to accommodate it in July, August and September, in addition to their already agreed production adjustment for such months.
Agreed the option of extending the first phase of the production adjustments pertaining in May and June by one further month.
Recognized that the continuity of the current agreement is contingent on them fulfilling elements 1 and 2 above.
Agreed without dissent that the full and timely implementation of the agreement remains inviolable, based on the five key elements, and endorsed the ‘Statement on the Declaration of Cooperation,’ which is annexed to this Press Release.
The Meeting also called upon all major oil producers to proportionally contribute to the stabilization of the oil market, taking into consideration the substantial effort made by the OPEC and non-OPEC Participating Countries of the DoC.

In order to observe the fair, timely and equitable implementation of the above, the Joint Ministerial Monitoring Committee (JMMC) was requested to closely review the general energy market conditions and related factors, oil production levels, and conformity levels with the DoC, assisted by the Joint Technical Committee (JTC) and the OPEC Secretariat. The JMMC is to meet monthly until December 2020 for this purpose, with the next JMMC set for 18 June 2020.

The Meeting decided that an OPEC and non-OPEC Ministerial Meeting also will convene in Vienna, Austria, on 01 December 2020.

RabbiDoracle:


You have said Zenith bank will fall to 11.90 and we have corrected you that a big bank doesn't fall in isolation. All in the sector must fall.

So since you are expecting a bear in the banking sector, why don't we wait till your forecast comes to pass.

The main thing is that you have seen the bearish body you are looking for in Zenith. And from your estimation, the count has started.

Guy,

Stop mixing issues.

I didn't analyse for any other bank.

Whether or not they fall is not a bother to me.

I spoke concerning Zenith only.

I still dey wait your up trend line for that zenith weekly chart.

stcool:


This your charts won't work...you are telling me FCMB will come down to 0.76 or 0.96

Please put a time frame...not that people would make all the profit in the market and then if in 2021/2022 something happens and price falls you come out and say I told you so.

But all this your analysis for Zenith back to N11 or FCMB @0.96 will not wok in 2020 again.

See the way fxuser describes his chart... Don't come and be giving us imaginary price.

Put a time frame or rest abeg!

Y'all need to understand that I take A+ setup ONLY.

All the other little moves inbetween do not really interest me.

When price comes to the supreme support or the penultimate support, I can buy.

Anything outside of those two levels I will never trade.

N/A

meshpips:


Y'all need to understand that I take A+ setup ONLY.

All the other little moves inbetween do not really interest me.

When price comes to the supreme support or the penultimate support, I can buy.

Anything outside of those two levels I will never trade.

This your trade set up needs to be worked on for stock. It may work for forex due to high volatility in price but not Stock.

FCMB that did not even see N1 during the last Covid bears is what you want to buy now @N0.96k

I can't even fill a bid below N1.70...fear God

GonFreecss1:


Please. Do you have the Fee structure for trading on CSL?

CSL STOCKBROKERS charges about 1.45% for buying and 1.55 for selling, total 3%
I used to have the complete structure, but can't trace it now.

meshpips:


Y'all need to understand that I take A+ setup ONLY.

All the other little moves inbetween do not really interest me.

When price comes to the supreme support or the penultimate support, I can buy.

Anything outside of those two levels I will never trade.

Initial gra gra... e be like say you never pay school fees yet

stcool:


This your charts won't work...you are telling me FCMB will come down to 0.76 or 0.96

Please put a time frame...not that people would make all the profit in the market and then if in 2021/2022 something happens and price falls you come out and say I told you so.

But all this your analysis for Zenith back to N11 or FCMB @0.96 will not wok in 2020 again.

See the way fxuser describes his chart... Don't come and be giving us imaginary price.

Put a time frame or rest abeg!

Bra, this analysis cannot see the day.
Buhari would need to do one of the following in 2020 for zenith to retest N11. 00 and FCMB 0.97.
He will need to move all d Headquarters of banks to Katsina.
Move the two Lagos ports to the North
Hard locked down on Rivers and Delta state.
Then, the price of Zenith will touch sub N11. 00.
Failure to do dz, Zenith will trade at circa 14 to 20 for the rest of the year.

stcool:


This your trade set up needs to be worked on for stock. It may work for forex due to high volatility in price but not Stock.

FCMB that did not even see N1 during the last Covid bears is what you want to buy now @N0.96k

I can't even fill a bid below N1.70...fear God

The guy has refused to accept that stocks is not only about TA.It has to do with TA,FA,SA, Human behaviors and Your village people for those into JiJo ,lol