naturalflow:
https://oilprice.com/Energy/Energy-General/Oil-Prices-Jump-To-10-Month-High-On-Weak-Dollar.html where is our bull?

ojeysky:
Japaul has not been showing up on my meristem app for a while now. Anyone experiencing same?

ebuka1997:


Nwanne you no need tell me, I’m loading off little by little just leaving some tashere units for speculation

lostinHeaven:


It Maybe a cross deal

Danniee:
Thanks to who dey dump TRANSCORP ooooo....

Mcy56:
Seems Bull is on the floor of NSE............
Quite a lot of funds coming in................

megawealth01:
And a lot of funds going out oooooo

megawealth01:
And a lot of funds going out oooooo

Mcy56:

Both ways............but more of coming in from observation..........
Prices going up and investors rushing some stocks..........
We are observing anyway.......

Mcy56:

Did you see the funds/volumes going into Access/Zenith/UBA/GT/FBN/MTN/DS/DC?

megawealth01:
Use the web version

ojeysky:


Even that, am seeing only the gold not the oil.. thanks

megawealth01:
Yeah that what people are buying na... They now buy the gold not the oil

ojeysky:


The gold miners should let us wey wan explore oil with japaul do jejely na

ojeysky:


The gold miners should let us wey wan explore oil with japaul do jejely na

ojeysky:


The gold miners should let us wey wan explore oil with japaul do jejely na

megawealth01:
I was tempted to re-enter GT, ZENITH, UBA and MTN because I sold off during the last massive BULL but I just have to wait for a proper recorrection which will surely come but for now let me continue with what works for me as I have other dividends paying stocks that I don't sell at all

Willie2015:


Now till Feb month end
is a long time...
I expect price to dip...
For folks to pick up
decent stocks again...
4 Div and minor bull....

sellydion:
Gold is heavier than oil without an ounce !!!!!

From Milost to Gold miner, weting we no go see for this country

From debts to heavy assets without any convincing announcement just a change of name

I go put name behind my name too. (SellyGold) change of moniker

I

ositadiima1:
The RSI(Relative Strengh Index) developed by J. Wilder in the 1970's is a popular indicator. It is mostly used by trend followers, you know, the TA guys. Basically, it counts up days(days with +ve returns) and down days(days with -ve returns) plug them in an equation and compute a single number, this number gets updated every new day.

According to these guys when the indicator is at 70 or above, they claim that the stock is overbought and that a downwards reversal is eminent, likewise, when d indicator is 30 or below it is in the oversold region and an upward reversal is due.

Does this idea have a scientific basis? Does it really work? Well, for one, if it did work trading would be super easy nah, buy at 30 or below, sell at 70 or above, rinse, repeat and become a millionaire.

I suggest u stay tuned as I am going to test this hypothesis with our very own NSE data...

ositadiima1:


I am not going to go into the details regarding the equation that outputs the RSI values, it is quite well documented online. For u guys that like books you can check out 'New Concepts In Technical Trading Systems' by J. Wilder himself. In there you will find the RSI and other indicators developed by the author.

With a python script I was able to run a few tests and deciphered a few things.

The RSI possesses predictive powers, but, you have to dig deep to get to it.

I will not be posting detail results this time maybe later.

These set of parameters made ok returns in my back test:
1. I used the standard 14 day period to compute the RSI
2. Buy when RSI goes to 30 or below (Number 3 must be true for this to be true).
3. Buy only if the volume traded on the previous day was 20,000,000 or above (It doesn't matter what stock it is).
4. At least a 90 days holding period after stock purchase. You need huge discipline for this, their will be ups and downs.
5. Invest same amount on each trade i.e N500,000 or what ever. (Don't worry, trades matching this criteria will be very few)

Some results:
1. Stock data: March, 2020 to December, 2020
2. In total 20 trades: 18 winning trades and 2 losing trades.
3. Used 500,000 per trade
4. Total turnover was 10,000,000
5. Profit after trading fees 3,894,000

In fact, I will be adopting this strategy after a few more tests

#systematic_trader

Valueinvestor:


You forgot SA ,Spiritual Analysis

Deadlytruth:


..... with Dream Analysis DA, and Gut Analysis GA

nna777:


I tire oo. This was the same thing that happened with neimeth last year when me and OGG was talking about it. People still complained. While they were complaining, we moved from 67k to above #2 where it's still is today . They said it will return to 67k. We're still waiting oo

Deadlytruth:


You seem unaware that most of them doing all those analysis paralysis are themselves heavily loaded in those very stocks. Na today bottom dey back? You get time o.

megawealth01:
You have said it all