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PuristForest's Posts

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Investment / Re: Crypto Currency Investors Thread by PuristForest: 6:45pm On Feb 19
DeBruno1:
Hi everyone pls i want to ask the bosses in the house whether can matic reach $1.5?
yes it can. the market is mostly trending now for most assets, at least til btc hits 58-60k. if matic can smash 1.29 sloped resistance, it will open the way for 1.66 (1.618 wave 1)...major resistance is 1.8 and i think it will do it q3/q4.
Investment / Re: Us Stocks Pick Alert by PuristForest: 5:46pm On Feb 19
Capitas7:


Not in Lucid. But as someone has said, EVs are a long thing right now. I haven't seen any of them that has recorded meaningful profit in any quarter since founded. It is even more difficult for Lucid to penetrate the market by sales volume because they make luxury cars only (unless some economy class models have been introduced lately). One might see 3 Chevy corvettes before seeing one Lucid on the road.

You might be seeing a green light that has nothing to do with the company, but just its stock though.

If you know how long ive watched this.......Still bullish on LCID for temporarily gains can't see how it will not make 5.4 short term. I do realize that the EV market is kind of slow now but what this all means is it's a great time to shop for EVs before the market normalizes and prices head back up and i actually think LCID has bottomed from the 1week chart below - there's no other way. Even if it has not bottomed, technically speaking, it will still test 5.6 region before it heads down again.
in the same vien, i am also waiting for #RIVN to bottom within this week or the next
https://investorplace.com/2024/02/like-to-gamble-you-may-want-to-give-luxury-ev-maker-lucid-a-chance/
https://finance.yahoo.com/news/its-suddenly-a-great-time-to-buy-an-ev-130004761.html
https://finance.yahoo.com/m/93ce1db2-2bcc-3c63-b38a-bcc10884a832/lucid-is-latest-ev-maker-to.html
QR code give access to my trades / thoughts and in-depth analysis

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 1:55pm On Feb 14
kolaish:
Those that doesn't want to miss opportunities are silently buying NASCON at current price. Though I am yet to get all the units I want, but I intend to wait for the release of DS result which in my opinion may likely bring the price of both DS and NASCON down a little, by then I will buy DS and more NASCON. As a reminder, don't forget @customstreet submission on both stocks. Therefore, I advise that you strategically position yourself for the harvest.
I think nascon will touch 40 region before a rally..
Investment / Re: Us Stocks Pick Alert by PuristForest: 4:33pm On Feb 13
jumping in a lucid, anyone here on lcid?
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 11:48am On Feb 12
does anyone know what this means when you try to set a limit order for #omatek in morgancapital

Investment / Re: Crypto Currency Investors Thread by PuristForest: 5:23pm On Feb 08
twosquare:
Any perceived direction for Bitcoin?
https://discord.g g/mkKMBXBf (day traders only - remove the space btw the gs's)

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 7:16am On Feb 08
0neal:


Sir Emma

Good evening Sir

Do you have a soft copy of a good book on how to trade?

I 'd really appreciate if you recommend one

Thank you Sir
https://discord.g g/hBJHHt7D (remove the space between the g's)
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 2:09pm On Feb 07
KarlTom:
Acceptable Price range is +10%/-10% of daily opening price.

In this case, its 0.73 to 0.89... grin

Thanks! Okay, so the price range is firm for the day and does not change until the next day when the range is determined again by the same calucation. Essentially, what's the reason, is it to prevent price movements above 10% on the daily?
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 2:04pm On Feb 07
yMcy56:

Go and try Morgan Capital Securities Limited
Seems people have been complaining about Meritrade here.
Send me PM so I can give you someone's number who is knowledgeable in that area and can assist you.
You go treat am well after everything is sorted ooo, no be only thank you he go chop. grin
Meritrade is very okay, they can be a bit slow with responding to email communication but they do.
Regarding the interfaces, both platforms have their strengths and weaknesses, the new Meritrade interface is very simple to use and more userfriendly for the most part, beginners will find this quite intuitive to get around. MorganCapital is more robust but less user friendly, you have to dig in and read the help material to find things as you go along, however, it has more advanced features including the ability to see live trades and a robust reporting functionality which enables you to see the summarized market data and all your portfolio and financials... for me thats what sets it apart from meritrade. Finally, Morgancapital is abit effective with email coms, they try to get back to you within a few hours. If i were to choose one, i 'd actually go meritrade!
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 1:46pm On Feb 07
Quick question guys, who sets the prices in the online platforms, sometimes it can be frustrating when you want to set a limit order at a certain price and you get the message "price is out of range". Is there a time when the prices are opened up and set daily, what determines the tradeable range? Sometimes, i feel that there's a racket in the process......

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 8:28pm On Feb 06
yMcy56:

Opposite!
I don't personally see OANDO going back to below 10 again.
The activities today was normal, a reaction from disappointed minority investors whose high hopes were dashed due to the adjournment again.

I stand to be corrected anyway.....as we hand over the situation to Mr. Market to take care of .....in its own way.

..but we must know that those guys have plans, what was in their mind we don't know.
Oando wont do 10 again
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 5:25pm On Feb 06
Streetinvestor2:
Oga ote didn't buy transcorp ,fbn and Dan cement based on TA at the various time he bought. He bought those shares strictly on FA which he equally mentioned, mostly for transcorp plc. Nobody here will equally tell us that TA saw the upward movement in those stock before ote entered.

And oga Emma here who has and continues to record great success does not base his dealings on TA unless I am wrong. He has never mentioned TA.So I am right to say billionaires no get time for TA
These people are market makers, they may not draw a bunch of lines on a chart but they do not also buy on a whim, they make the markets, they are slow and methodical, they are called the composite investors. They are slow to make the market because they cannot drop all their monies in the market as it will spook the market as there will not be enough liquidity to match their offers, so they (and their friends) will buy OTC and spread their buys over a long period of time usually months and years.
In any case, as an professional analyst, you are trained to understand market makers in action, this is when the market is at its most boring moments, the price is not going up nor going down for a very long long time, the price remains in a range, usually months. Why? The reason is because the market makers want to accumulate as much as they can at those levels so that their average price will be the lowest. IF Ote for instance makes it public that he will be entering a 1B position in Transcorp for instance, what do you think will happen in the market, guess what, everybody will start buying transcorp and eventually his average price will be higher than desired. The thing about accumulation is that is so boring many retail investors are not really interested because there is little or no movements, the truth is that when the movement starts, the composite investor is already in the market and has taken his position and this is when retail investors see the movements and then jump in (to make him richer). The best time to get in the market is the ranges. I tell my friends Ranges are your best friends!!! There is more to it but this is the abridged version.

2 Likes 1 Share

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 5:19pm On Feb 06
yMcy56:

Lol. In this market, I've learnt never to say "never"... smiley

When Oga Rabbi predicted ASI to reach +100k, and that some stocks will appreciate high in price....
One of our ogas here said, how can it be? That it can never happen even in 30yrs, but in less than 2years it happened!!

If anyone had said in a year's time, TRANSCORP will sell for N15, I'm sure many will say 'never' .....and come up with different theories of how it couldn't be so......this is same TRANSCORP that touched 19 despite the Tony/OS analysis paralysis here.

While not also in agreement with DANGFOODS reaching N350 in Q1 2024, I'll still not say it can never happen......but could just be a gradual movt overtime or year(s) sha. grin
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 2:26pm On Feb 06
Streetinvestor2:
That one nobi stone. It happens when you think say na you sabi TA pass .On the other hand TA na graphics which everyone interprets differently .The billionaires who move our make no get TA time. They invest in value and for future
...Thats a very hollow statement, no billionaire investor that did/does not have a formidable team. Infact, on the contrary, they surround themselves with a team of very sound analysts that review ALL investment decisions. If you think WB just wakes up one morning and decides to purchase an asset then that a joke!

8 Likes 1 Share

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 11:20am On Feb 06
Dangsugar will be the stock for Q1'24....Asset next stop is 350 thats over 300%...DYOR
Investment / Re: Us Stocks Pick Alert by PuristForest: 4:41pm On Jan 29
sgtponzihater1:


I am currently up 100% in my Nigerian stock portfolio in less than 12months. Probably luck though.
join us, we massively trade naija and us stocks https://discord.g g/6vxW4BNc (rmove the space btw the 2 g's)
Investment / Re: Crypto Currency Investors Thread by PuristForest: 4:20pm On Jan 29
santos123:
Can you guys just discuss the market situation,abeg?
https://discord.g g/6vxW4BNc (remove the space between the g's)
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 12:53pm On Jan 29
Saybal:
what is your take on E transact .Buy or sell
i shared this on Jan 18 "Etranzact on a steady impulse, potential to do 100%..next stop 13.6"
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 12:11pm On Jan 29
Ellahlakes has a good setup, target 4.7~ 60% R:R

2 Likes

Investment / Re: Crypto Currency Investors Thread by PuristForest: 3:17am On Jan 19
sheanzy:
So the whole bitcoin etf hype Na wash


Everybody was expecting btc to go parabolic once accepted

The ETF was already built into the rally that had ensued. Everything is in the chart!!!

1 Like 1 Share

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 2:03pm On Jan 18
Etranzact on a steady impulse, potential to do 100%..next stop 13.6
Investment / Re: Crypto Currency Investors Thread by PuristForest: 12:12am On Jan 17
clems88:
please how does one buy an ico presale token ? I'm trying to get the Manta token that's ending tomorrow but it seem confusing to get

Please still buy ico's.....

1 Like

Investment / Re: Us Stocks Pick Alert by PuristForest: 11:42am On Jan 16
sharone21:
Hi. Anyone using dabafinance for stocks and reviews
is this like an app, what does it do?
Investment / Re: Us Stocks Pick Alert by PuristForest: 6:03pm On Jan 12
Obnoxious2001:


I have covered my face.
Please how do I learn/get involved
join my discord https://discord.g g/zZmwgRCG (remove spaces btw the g's)
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 12:37pm On Jan 12
i think tantalizer will surprise everyone
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 11:08am On Jan 12
The market sentiment is quite bullish which is very good for investors, fridays are usually marked by selloffs are investors take profit however this week, we're seeing reverals caverton, cwg, wapco and the likes....people should really capitalize on this vitality/momentum in the market and take positions........
Wapco - heading for 66 ~47%
cwg - 12.4 ~43%
maybaker - 8.1 ~70%
redstarex - 6.3 ~63%
these are just a few of the assets we are tracking in the discord group
update
i think tantalizer will surprise everyone

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 10:48am On Jan 12
Caverton just bounced off a key support area...next stop is 3.07
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 10:12am On Jan 12
hadiza08:
Hello everyone. Please I'm new to the Nigerian Stock Exchange. Please can anyone guide me on what stocks to buy and which one is the most trusted an efficient NSE app to trade with.
. youre welcomed to learn here https://discord.g g/njjnmepX (remove spaces btw the g's)
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 12:31pm On Jan 11
Redstarex looking good, should easily do atbout 6.3 ranges thats over 100% today

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 12:23pm On Jan 11
lancee:



I think so ..most banks are recovering

wapco ..mvt na prob

NExt stop for wapco 60.7 since broken from consolidation range and 33 high

2 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 4:38pm On Jan 04
kodelee:


Hi Purist,
Could you pls share the link to the discord group.

Thanks
https://discord.g g/GYnjBX2f (remove the spaces between the two g's)
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 4:22pm On Jan 04
#Wapco is lookin very good having come out of consolidation, we expect an extended 5th wave taking us to about the 66 handle, that's over a 90% profit. DYOR

1 Like

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