Chibuking81: Southern pole leg over continue in NSE stocks. Zenith has leg over from 23 junction to 22, Dangote sugar 16 to 15, Dangote flour 8 to 7, and as we move on toward December, expect many more leg over from all stocks, their leg over will passes many southern junction till it get to the bonanza junction. Soon don't be surprise to see Zenith at 15/18 GTB at 23/26 Flour mill at 16/17 UBA at 6/7 Access bank at 6/7 FBNH at 6/7 Oando at 2/3 Dangote sugar at 7/9 Dangote flour at 5/6 Fidelity, FCMB, Diamond bank, Transcorp, Honey well at sub #1. etc.
fxuser: whether coins , forex , stocks , commodities , don't matter . . the key is learning to overcome ''loss bias'' . . it's d toughest mental struggle, i keep working at this the question u need to ask is : WHY didnt u close the trade when it dropped to $6k or $5k or $4k or $3k or $2k or watever? Cutting losses is the number one job of any trader / investor ( guess daz why trading is stressful) don't beat urself up , let it go , get better . .
Very correct, for example when a stock is down maybe 20% my brother will still be hopeful that it can still go up. Down 50%, 60% n then 90% till its all gone. But when a stock is up 10%, he takes profit prematurely.
Let your profits run and cut your losses short. Then again, it depends on your plan.
Looks like a premature head n shoulder. if it breaks 34,000, then get ready for a slide down. If it doesnt we expect it to trade sideways pending the election.
RabbiDoracle: Why are you buying this stock? Can you explain so that I can see reasons to buy too?
I have investigated this company in the past, after their major brewery got burnt they havent been able to recover. I dont think they can match up with their contemporaries in the market. Before the disaster the share was trading at #11,but its good for JIJO if you know what u r doing.
kolaish: Leave matter for mathias. Which result did skye bank has that it is still trading at 94k. Is Diamond result worse than the yet to be seen result that CBN is hiding for Skye bank.
Valid point, market forces will be in play on Monday.
Mcy56: Qualification date is the date for closure of register and only the names that appear in the register as at COB that date will be paid (dividend) while the markdown date is the date the dividend is deducted from the share price, usually the next working day as soon as market opens.
In the case of Fidelity: Qualification date is 11th May, 2018 and Markdown date is 14th May, 2018.
Me na learner o.
I have also found this a bit confusing too. Fidelity's Qualification Date is 11th of May, Closure of register is 14th-18th of May and Payment date is on the 25th. What does the Closure of register mean?
onegentleguy: I am inclined to believe that the current downturn we are witnessing in the market today is 80% hinged on the fact that the monetary policy committee meeting did not hold. ...because as far as I know, there has'nt been absolutely any other key pointer to this effect. some might suggest the treat by the NDAs, but the effect here is'nt yet key because for now, it remains only a treat. Need I also remind us that these FPI folks are not stupid. ...and the last time I checked, they never joke with the issue of cooperate governance especially in this clime. ...They saw some huge opputunities here, came in in their droves. ...they were buying into some select coys with the intention of buying more (I can well attest to this fact). ...But with our foreign brothers, there's always an eye for the happenings around the monetary circle. ...because that's the circle that would determine how easy it would be for them to bring in or repatriate their funds. ...and so when the MPC meeting was put on hold, some of our Foreign brothers also had to put their activities on hold. ...and ur guess is as good as mine on what would be the likely effect on the NSE bourse.
That said, I believe the bulls will return on or before the close of market on Monday. (...I already stated here that this bear trend will not exceed the next 2 trading days). ...For soon, the land will be GREEN again.
...For Mr TIME shall see to this !!
#BELIEVE
Is there a date for the MPC meeting now? These FPI guys pay a lot of attention to sturvs like this. Even the ECB & Draghi is enough to distort European markets.
locodemy: So you still dey wait for the food since last year? Chai.....even 5% u never see till now when I am on my way to 200%. see.......na snake dem dey cook no be food oooooo.hear it now.
Anyway if you can get oando now the best for you.
I entered @ 52k and it has done 25%. With this bull, it can do 80k and I'm out... I'll look at Oando sha but their bad corporate governance wahala me I don't like.
Find my trend outlook for the Nigerian Stock Exchange in the coming week. I believe there alot of technical analysis points for the NSE and Equities listed on the exchange. #smartinvesting #TrendAnalysis #TechnicalOutlook #Stocks #Investing
Comments and opinions would be appreciated Happy Trading Week
Nice analysis. Before we can assume the index will retrace owing to the spinning top/shooting star. We should wait for a close below that candle line for confirmation.
Fundamentally though, the bulls are just resting, I expect the index to hit 45,000 by month end.
I don't see any reason to panic because of these minor vibrations. The retracement in Access and FBNH is necessary, there is a likely retracement to 38.2 levels (11.09) in FBNH.
fxuser: Fidelity - some negative div on the weekly, price is making higher high , RSI is unable to keep up , making lower high - expect some slight pull back in days to come
Likely pull back to 2.73 Fibo Retracement level (38.2) MACD histogram is retracing, indicating bulls are getting tired. Stochastic at overbought levels. However, based on fundamentals pull back to 38.2 level is temporary because of its year end result positive outlook.
Fibo Retracement levels for Fidelity. Next is 2.19 My friends r waiting for it at 2.08. Looking at it objectively, it's going to trade sideways till January next year. If you r waiting for it at 2.08 LIKE my friends, OYO is your case.