₦airaland Forum

UCAP
Technical view
Triangle consolidation since jan 2025
Awaiting Wave E completion around ₦16 – ₦17.9
Current price: ₦18.05
Triangle invalidation below ₦14.3
Breakout upside target: ₦30 – ₦35
Fundamentals remain solid — no structural issues. The current triangle is a coiled spring, not a sign of weakness. Wave E dip (if it comes) into ₦16–17.9 zone would offer a high-RR entry for those with a medium-term horizon.

ref:
ewnation
ewnation/bot
Enjoy

How to maximise your entry in the market regardless of asset

The US-Israel-Iran war has created a high-stakes environment for the Nigerian Exchange (NGX) and a lot of the movements inthe coming weeks, with specific stocks reacting sharply to both escalation threats and ceasefire rumors.
Summary of Reaction Triggers and Scenario with Likely Stock Reaction
Ceasefire Agreed -Bearish for Oil & Gas; Bullish for Consumer Goods & MTNN (lower costs).
Hormuz Blockade - Strongly Bullish for Seplat/Aradel; Bearish for Manufacturing (soaring energy costs).
CBN Rate Hike - Bullish for Banks (GTCo/Zenith); Bearish for heavily leveraged Industrial firms.

Dupeodus:
There are investors and there are traders. Everyone does what fits his/her temperament. What I have heard though is that it is investors that make money in the long run.

ewnation encourages a hybrid approach where a portion of your portfolio is long term (investor) and a portion is mid term (trader) , reason is simple, while investors wait years for a payoff, traders take control of their financial destiny in real-time. The idea that only investors make money is a common myth—traders are the ones who capture the market's immediate opportunities and generate consistent cash flow.

Traders don’t "ride the ship down" during a market crash, we have met our targets and often partial (exit some or most of our positon) . While investors watch their portfolios shrink by 30% or more..

An investor might wait a year for an 20–80% return. A skilled trader aims to hit those same percentages in months or less. By reinvesting those frequent gains, the math of compounding works exponentially faster for a trader than for a "buy and hold" spectator.

Investing is a retirement game; trading is for life right now. Trading provides a liquid income stream that can reinvest or materialise, rather than locking capital away in a "vault" for twenty years.
Our telegram app delivers actionable market insights directly to your mobile phone - ewnation/bot

EDUECO:
Where is Oando and Ellah Lekos on the list?

ACCESSCORP is the gold standard of Nigerian banking industry and not Zenith Bank or GTBank!

By 2041 you will remember this my post.

If AccessCorp is truly the "gold standard," shouldn't we see that dominance reflected in the numbers and market sentiment much sooner than 15 years from now? What specifically do you think will happen in the next decade that finally settles the debate, do you have a crystall ball?
Are you looking at their expansion into the payments space (Hydrogen) or their international footprint as the "X factor" that leaves the others behind? just curious!

dotunibrahim7:
Is there a platform I can analyse Nigerian stocks chart?

tradingview or investing.com provides ngn stock charts. Ewnation provides elliot wave analysis and technical analysis education for many ngx assets.

Ellahlakes will still break higher at the right time

i don't think ellahlakes is done yet...

Postion on NAHCO

🚀 Get Live Elliott Wave Charts Sent to Your Phone

GTCO sub 100 very probable, Access quite bullish...all covered on ewnation....plus get live tracking update from our telegram bot

isaacosas01:
I bought UNIVINSURE last week because it was down.

This morning it has gone down a further 5%.

check out the video on YouTube “will universal insurance survive the recapitalization… I went over it there and provided full analysis ..

Meritrade still down. this is becoming challenging.

zenithbank, accesscorp, chams and vfdgroup and crude oil all featured this week....ewnation/ngx
unfortunately, crude remains bullish...

yok:
BAD QUALITY SERVICE FROM STOCKBROKERS?
It is time that SEC should monitor the activities of our Stockbrokers, many of them are operating with impunity treating Customers anyhow.

Initially after seeing so many complaints about Morgan Capital, I thought we just have to continue to manage our Stockbrokers once we know their weak points.

For me Morgan Capital quality of Service have deteriorated, yes. But somehow thay are still better than the like of United Capital. If I deposited money today at Morgan, with follow up emails (at least twice, I know the money will be in my portfolio the following day). I have programmed my mind to accept this. Withdrawal for me on Morgan are still okay, if T+2 is completed, most times I get the money same day.

Coming to United Capital, this broker should be in the Guinness World record of Bad quality Customer Service. The Guys are bad and they show it many ways (I start to think the increase in Capital base for Capital market operators is pushing some of these organisations to do things that they are not doing before, like I believe of them now front runs Customise order (SEC need to look into this especially in this era of online trading). No wonder ZCHIS stock could not go round as some Stockbrokers must have blocked their Customers from getting the stock (I remember sending a mail to my Stockbroker to help me in getting some quantity of the stock, instantly I got a mail that it is not possible for them to help me as the stock is on full bid).

Then the most fraustrating aspect of dealing with United Capital is withdrawal. For those of is using their investlivenow (the old platform, Customer Service said we cannot be moved to the new platform), the automatically withdrawal has been disconnected, you send a message for withdraw and you get a reply that your matter would be attended to after 24hrs (Morgan is better here System starts processing your request and same day if request was before 12 noon you get your money that same day as long as T+2 is completed).

To cut the long story short, I want to avoid United Capital Stockbrokers. Whatever issue Morgan Capital has, if we follow their requirements they are still Manageable compared with the likes of United Capital, just like the Stockbroker that has platform issue for over 2 days did not inform the Customers, orders not goin through!!! SEC needs to improve the surveillance on the activities of our Stockbrokers especially looking at the improvements in technology, your trading platform cannot be down fir 2 days and you don't inform the Customer. Withdrawal request is sent, but will not be attended to after 24hrs is unacceptable

You are the customer, if you'r e not okay, move to another stock broker.....move your portfolio, you deserve to get the best treatment cos its your money thats at stake not theirs...check out ngx top 10 stockbrokers for last month ->
https://ngxgroup.com/exchange/trade/licensed-trading-members/top-10-brokers-performance/

PuristForest:
Royalex just completed wave 1 of C...next stop 2.26 (w2-61.8x1) but still think it will get to 1.56 later before the real rally commences....
ewnation.com/wp-content/uploads/2026/03/final_20260324_202505.png
x.com/ew_nation

Updated Royalex position
https://ewnation.com/wp-content/uploads/2026/03/final_20260327_102510.png
Enjoy!

MisterInvestor:
Not comfortable with Bamboo for long term holding, Standard bank webtrader is for South africans.

we trade the both south african and kenyan markets....sa is most liquid on the continent with 431 equities, nigeria 311 while kenya boasts on 50 but they are trying..... i believe their will be time when africans will be smart to know that we shoudl invest in our own...we have some much african economic power in nasdaq and nyse when some of this investments could also turn around our companies,South Africans have done well in this area. Their pension funds, institutional investors, and even retail traders actively support their local market. It's not just patriotism — it's practicality. They understand that investing in their own economy creates a flywheel effect: capital flows into local businesses, those businesses grow, jobs are created, and the market deepens.

The result? The JSE remains one of the most developed exchanges on the continent.
How many of us are putting serious capital into Nigerian banks, Kenyan telecoms, South African retailers, or Egyptian blue chips? Yet we'll pour money into the same US tech stocks everyone else is chasing..There's nothing wrong with investing in US markets — diversification matters. But the balance feels off. We have so much African economic power sitting in the NASDAQ and NYSE, capital that could also help turn around African companies if redirected in part.

leo1234:
Royalex will still deliver.
Why not wait for q1 and q2 financial report before jumping to any conclusion.

@Stockpromoter knows what he is doing.

I started buying Royalex from 1.75 and will buy more if it goes lower.

Royalex just completed wave 1 of C...next stop 2.26 (w2-61.8x1) but still think it will get to 1.56 later before the real rally commences....
ewnation.com/wp-content/uploads/2026/03/final_20260324_202505.png
x.com/ew_nation

It appears there are bears amongst us..we may see ASI around the 190k regions....

Let’s revisit the DeapCap Chart based on the EW Principle.
Peps long term investment is very okay but your portfolio should also have portion for jijo…why would you make money in the market and give it back and have the entire profit wiped without booking some profit?


https://www.youtube.com/watch?v=zHhLGnbr6fs

ref:
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/10206#138669932
youtube.com/watch?v=vBmjQC5Afuk
x/ew_nation

still getting there with Deapcap
https://www.youtube.com/shorts/c-o_-dDm_iQ

ref:
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/10206#138669932

🇳🇬 $GTCO – 261.8% extension in play?

The 4-hour chart is signaling a potential move to ₦132.1 if structure holds.

https://x.com/ew_nation/status/2031991786353082779

From the August 2025 lows to the March 2026 highs, we saw a massive run. Now, the 4-hour chart is showing a pullback to the Fibonacci levels.

Support 1: ₦2.0 (61.8%)

Support 2: ₦1.8 (78.6%)

Bullish bounce or further weakness? What's your play? 🤔

Follow ew_nation on x for more....

Will Universal Insurance Survive the Recapitalization? (Latest Update)


https://www.youtube.com/watch?v=tjTilwXCkYI

Ecobank (NGX: ETI) Stock Analysis | Elliott Wave Triangle Forming? Nigerian Bank Stocks Outlook


https://www.youtube.com/watch?v=WvUo9nNKNn4

WARNING: All Share Index May Soon Correct (ASI Forecast)

https://www.youtube.com/watch?v=r1lFRlETRb0

getting there with Deapcap

https://www.tiktok.com/video/7613697463471344918

MTN Nigeria (MTNN) | Multi-Timeframe Bullish Setup


https://www.youtube.com/watch?v=2CmDFRzJ_04

Time to take a look at Eterna


https://www.youtube.com/watch?v=WxMJl-33kAg

Eterna Plc (NSENG: ETERNA) has returned to profitability with stronger earnings momentum, and its recent ₦21.5bn rights issue could position it for growth in Nigeria’s evolving downstream oil market. Plus money is entering the asset...Dyor

ref
ewnation/ngx