₦airaland Forum

Market still in a shock, even though most assets are in oversold conditions, significant economic and political uncertainty persists... ASI potentially trending lower, current momentum suggests a move towards 127 k which is 23.6% fib level of wave 3... affected assets unknow but thinking high ticket items mainly... A highly probable bullish stance will be test of 141k low (not lower than 138k) and next stop 190K - 200K...personally, i favor the bullish stance but trump 9ja saga, FX stability, policy shifts, and potential earnings surprises will ultimately play a crucial role in shaping market sentiment and direction.
DYOR joo!

refs
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/9695#137190045
ewnation/asi

We think Ucap is completed wave2 at 16.05, which is 61.8 fi b of a, current test should be good for a 17 reversal....DYOR

HMCALL faces its first solid resistance, if 4 is broken decisively will mean a lot for this asset in coming months...think Ellahlakes..else it will retest the 3.4 lows again, or worse case have one more wave down which will be lower 3.3 egion....in any case, we think wave 5 (low) has been hit, and we should look higher.......DYOR

Ref
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/9797#137447512
ewnation/hmcall-november-5th-2025-update
ewnation/ngx

NSLTECH safe...expecting three wave advance to 1.6 next bustop...DYOR
ewnation/nsltech-november-7th-2025-update
ewnation/ngx

Lasaco chart is very interesting, we think its completed 60% decline for wave a of a 4, next stop is a thee wave advance upto between 5 and 6..for wave b .dyor
ewnation/ngx

The story of the kidnapped Brigadier General is not good coming at this time......i hope the military can promptly secure his release before it escalates to another thing...

Oando needs to break 43 decisively, else na 32 .....

So many opportunities opened up in the market this week as a result of the sell off, if you have cash, this is the time, i do think that the insurance subsector will yield the most returns mid term simply because the sector was the most hit, think prestige , guineans etc...few assets have not completed their corrections having only completed (a) wave of an a-b-c correction, so it can get worse but only for a short while......DYOR
ewnation/ngx

leo1234:
The market is tricky.
The eventual winners are those who hold valued stock for long period of time.

Ordinary investors should leave price swings for traders (gamblers). It is extremely difficult to time the market accurately.

No one can time the market, but you can make better informed and structured decision based on information on the chart. There will always be pointers to these events.
We saw these selloffs happening, initially was looking more on the insurance subsector, i even described it as a 'tsunami', and this is exactly what it felt like these past week, but truth is that the market wide selloff was also exacerbated by trumps comment amidst recent existing national uncertainties. From a technical perspective, we only adjusted our expectations according to Elliot wave principles, especially when a low was taken out.........we already sold a portion of our holding in expectation of this to build liquidity and now we are still buying back. This is the power of technical analysis, its not the holy grail but it can certainly help....at the end cash is king...in the ref link, i pointed sunassur at 5, univinsure at 0.86 and sov at 2....haha. ive always opened up abput our oando position and may be wrong but dont think aradel is ready yet.....DYOR

Ref:
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/9695#137190045
ewnation/trial - join the 7 day trial for 1us, limited offer - never invest blindly
ewnation.com/ngx

i dont think Nascon is done yet.
Eterna good for 33...DYOR
ewnation/ngx

PuristForest:
I honestly think that oando is good to go 38.9 is the sweet spot...DYOR

Oando receovered 10% after hitting 36...very interesting play.....i'd say it was done but i already said that before...so me, only if oando can break 48 then it will give credence to the bottom else 32 is next.....best line of play is nibble in at every juncture ........DYOR

Its time to jump into HMCALL, only for interested, nibble not all in..
ref:
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/9775#137392208
ewnation/hmcall-november-1st-2025-update
ewnation/ngx

SonofElElyonRet:
Ok noted but up till now, Japaul has defied all logic, whether technical, fundamental, sentimental or prophetic

Well, i agree that a lot of the movements seen this past week were somewhat unusual, however , there were still within the confines of technical analysis boundaries. For some of the assets that we track, we had to adjust the internals (counts) because a low was otherwise taken out which ordinarily should not, but that did not mean that the correction was out of play or defiled logic. DYOR

SonofElElyonRet:
If so, I go buy another 5million units

i think japaul is completed wave 2 at 1.98.....focus should be on a five-wave advance to surpass 2.69, the wave b extreme of the corrective decline, but not until this present low is tested again, think something like 2.25 - 2.1 then upwards above 2.69....DYOR
ewnation/ngx

I honestly think that oando is good to go 38.9 is the sweet spot...DYOR

PuristForest:
Oando has met minimum requirement for a wave 2, even though 41.7 key level was not broken, the push we've weve seen was from 42 region. From an Elliot Wave perspective, the asset can either reverse from close to 42 again follwoing a potential 2nd and 3rd test or it will break 41.7 towards 40 region before a reversal. The reason for this is simple, there is liquidity to be grabbed at those levels. its all about the money. Dyor

ref:
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/9737#137295110
ewnation/trial - join ewnation 7 day trial only for 1us,limited offer
ewnation/ngx

anyone wishing to play in other African markets can dm me....we have partners in kenya and sa that can sign you up in kenya nse and sa jse as a foreign investor with a brokerage accounts

We have updated our analysis for japaulgold to suggest that wave b of 2 unfolded as a triangle, looking at a reversal at 2.01 region...DYOR
ewnation/trial - join ewnation 7 day trial only for 1us, limited offer
ewnation/ngx

Oando has met minimum requirement for a wave 2, even though 41.7 key level was not broken, the push we've weve seen was from 42 region. From an Elliot Wave perspective, the asset can either reverse from close to 42 again follwoing a potential 2nd and 3rd test or it will break 41.7 towards 40 region before a reversal. The reason for this is simple, there is liquidity to be grabbed at those levels. its all about the money. Dyor

ref:
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/9737#137295110
ewnation/trial - join ewnation 7 day trial only for 1us,limited offer
ewnation/ngx

Deepcap has been in a sideways channel since aug 25 high of 2.13 which corresponds to 2013 resistance, since then the support at 1.58 has held for this period and we have significant evidence on the chart that monies is entering this asset, a break of the 2013 resistance will open way for 3 which is the next key level . Its time to jump into deapcap. DYOR
ewnation/trial - join ewnation 7 day trial only for 1us,limited offer
ewnation/ngx

Oando got a good decisive bounce at 41.7...54 is key resistance, it wil be good to see what happens.
Next ..waiting for nsltech to bounce
ewnation/ngx

tbh Aradel has been nothing but impressive....having broken both key and critical resistances, the only thing may be a test of the critical resistance, now turned support, and continuation to the upside for this leg of the impulse....got in a bit late so not scaling whatsoever...kudos to all entrants....we have updated our position based on technical analysis accordingly...dyor
ewnation/ngx
ewnation/trial

Market has been largely sideways for the most of October, investors are growing weary, uncertain of tax implication and few may have info on alleged c%up and that also raises uncertainty...........we wait and build liquidity!
- insurance - still think insurance subsector needs a bit of correction tsunami.... like sunuassur¬5, sovrenin¬2, univinsure¬0.86
- Aradel - think aradel only hit a wave 2 and will make a lower low...4m worth purchase is nothing...
- Oando - nothing controversial about oando, its doing what its supposed to do in the market
No emotions, stay alert, stay ahead & DYOR !!!
ewnation/ngx
x/ew_nation

Ref:
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/9511#136559823

Not looking good for insurance subsector, i think a tsunami will soon hit .....be cautious
ewnation/ngx

The 1trn injection news has already been priced in the mining stocks including japaul stock, people that knew have already taken their position either bullish or otherwise...most of the action you will find now will be mostly retail....we are still bullish though
ewnation/ngx

Updated position for oando, we could see a break of 35 low before a recovery towards 65.
ewnation/ngx

updated position on Sterlingng, quite interesting 4th wave formation...also this week oando, updcreit, conhall and japaul ....only for interested.
ewnation/ngx

PuristForest:
Guys, didn't read all the fine prints, when will the shares from the Chams rights issue be available on my platform....??
Update...Seen...guys hope this is accurate!
Typical Total Timeline
From announcement to trading: about 4–6 weeks
2–4 weeks: subscription period
1–2 weeks: allotment and crediting
1–3 days: shares start trading
Its important to know your timelines so that you can plan ahead..for instance, i think we will hit a low ~2.4 around sep 1st week for wave a then potentiallly 3.2 region in oct 2nd week;...depending on the structure, the asset can retest that 2.4 low again and even break it before the real really starts ...so do the maths
someone asked whether to enter with RI or wait and purchase lower...there is no way that the ri will not put you ahead in the mid to long term....
https://ewnation.com/chams-august-29th-update/?timeframe=daily
https://ewnation.com/category/stock/nigeria

Has any one received their allotted shares from Chams Holding Company Plc's rights issue?

STNWAUME:
You should be concerned about your Junk Oando Stock that is digging miserable holes in the pocket of their shell-holders and not Ellah lakes PLC that has so far delivered 200% descent profits to their shareholders

Oando is on a path of recovery, good upside potential....

Locotrader:
Royalex offers should be cleared and move into 2.50 zone on/before 10th October.

Good AGM resolutions is coming up.

Sentiment and Q3 driven

...Think it will first decline for wave C before any real move can start
x ew_nation

megawealth01:
This is exactly how I put my face as MEGAWEALTH01

I said that we are about to see the first trillionaire within next 1 or 2 years...Elon/larry

jonnysessy:
Please can anyone tell me why Fidelity bank fell like a pack of cards today. Lost maximum 10% today (i didn't see this coming).I am suspecting difficulties in meeting this recapitalization exercise. If they can't do it alone, it is better to merge with bank on the same cadre or better still jettison the international license. But, if it allow itself to be acquired it will be a different story. It is better to make hay when the sun shines. If they leave it for last minute they will just enter any agreement anyhow. ( My layman understanding )

check the levels and know when to add more....havent looked wt it but it may be an opportuinity ...dyor

PETERiCHY:
A QUICK one for the NEWBIES.

STOCK MARKET is an OCEAN either you keep FLOATING or you get DROWN,

SOME of us have been in this GAME for over 2 DECADES but it took us a WHOOPING 10years to BREAK-EVEN then went back to the DRAWING BOARD to RE-STRATEGIZE the way FORWARD

KNOW this and know PEACE ✌️

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS* 🐙🦑

This is 2025, it should not be the case, becauseyou took 10 years to break even does not mean that everyone should do the same.......

mikeapollo:
Does it mean the tall building does not have external stairs for emergency exits like in this situation, or they could not find ways to open the exit doors?

fire exits may have been blocked or inaccessible with everything going on..

Fred2020:
What is the average transaction cost for taking up a public offer e.g in case of Sterling IPO.

Since the IPO and market price are similar, I guess the sweetner could only be the difference in the transaction charge?

Usually the maths for ro's adds up to better profits in the mid to long term, but they have not helped to make it attractive pricing the rights issue very close to market price...considering the asset will be locked for about 5- 8 weeks...