₦airaland Forum

Agbalowomeri:
All the information you need is summed in the charts
Any other is hope

wanaj0:
Where is the BULL oooo

BULL in the China shop

fxuser:
Awon ti transcorp
- d supply holding ur break out is almost finished , dis cud be ur week


a little TA update from my JJC notes
- N1.10 is very important , acted as major support from 2018 to 2019 July
- the break below saw a further sell off ( average price for most would have been above n1.10
- price has been consolidating under N1,10 which flipped form support to resistance, which makes every holder prior to July to be under water so the supply at that level takes time to diminish in future
- over months N1.10 is the highest weekly close , tested many times with buyers consolidating under forming a long range support just above n1.00
- last 3 week candles is interesting, my summary:
1) the bear trap: price rejected its weekly low retesting below N1.00 support level but closed above
2) Followed by Bullish brk out forming a morning star (see wkly chart), like say the buyers take formation loll
3) then last week *doji* at N1.06 . . . umm

#swingBUY

Hav a blessed week pipu

jamace:

ukay2:
Oga Rabidoracle. ..said uacn is reversing back to N4......I no mind am...

.....just see it now....

....if people know wetin onegentleguy, Oakperl, NnannaNna7, Agba and emmanuelewumi saw in the sleeping giant....the price may reach KM 60 by December 2020.

fxuser:
update
engulfing weekly , back abv 200-ema
another golden cross set up

#bullish #Buy

Agbalowomeri:
Oga Oracle don't confuse wave 1 and wave 5

RabbiDoracle:
No. So that they can exit and stay on the sidelines.

When you see heavy volumes like that being bought and sold, it means that these dudes are selling. Short terms investors are selling to secure little profit long termers are buying to move market for big profits, if they dont the market would collapse into bull trap.

I think they are more TA than FA. They just work solely on the charts. That is why MSCI could have Oando on their portfolio. No FA person would suggest such. Having Oando is more of FA than TA 1. Going corncern basis, Cheap- marging of safety, cycical nature of oil price, It is gradually overcoming structural issues. TA is based on price action, Oando is not yet supported.

Like we all know, the main bull, within 1 hour of trading, market has entered into full bid with bids piling up. These are signs of a major bull. But I am not seeing that. Hence my concern on the 2nd and 3rd of January 2020 trading. That would occure at phase 2 and partly phase 3 when the herd joins the movement

fxuser:
like Wapco chart , good R/R set up

PETERiCHY:
Dangote Cement the most capitalized stock in NSE is almost on full bid @#180 and someone is telling me that he's seeing BEAR

bigjay01:
Please edit and add a caveat. There is a lot of certainty connotations in that statement.

Jejebabaa:

Abi now, make I go join my oga Rabiu Onifa for Maldives for winter vacation.

Drakky47:
Good morning everyone please what's the best time to invest in stock and I would really like to know the stock market to invest in thanks

austinkenneth:
15th May 2019, NSE All Share Index = 28,286

22nd May 2019, NSE All Share Index = 31,145

Gain in one week: 10% similar to what we are seeing now.

The market slowly but surely gave up its gains. That sounds like a pump and distribute to me.

People rushed in in their numbers, people sold other assets to key-in....FOMO went into full swing.


fast forward to:

2nd Aug 2019, NSE All share index =27,630....11% loss from the high.

Newbies started saying...You see, this market is a fraud. I knew it.

People should just be careful. The key thing is to not be caught holding the short end of the stick.

DeRuggedProf:
PROVERBS 13:11.

I am back from Seun's cell.....
The enemies of my enemies shall fight them and I will stand to take over left over fields flowing with milk and honey...
Freedom is indeed expensive....
Better to be at war for freedom than to be a free slave......

kolaish:
Personally, I do not think the bull will last more than 17 January 2020. The bull was brought about by money coming from PFAs and other institutional investors that have exited treasury bill because of the low turnout to position themselves in stock that can offer higher dividend yield.

We should watch our backs and be on alert not to be caught unaware. Remember that all the gains we have remains paper gain/profit until it is sold. Babalawo Rabbi is partially right, only that no one can perfectly predict the market.

Disclosure: Yours truly exited UBA yesterday. Bought at 6.04 and sold at 8.80. Would exit FBNH if it reaches around 8.5. I bought at 6.07. Meanwhile, I am still on a no gain, no lost position on FO because I bought at average price of 16.70. Transcorp is yet to meet my entry price of 1.16, but will consider selling if it reaches that 1.16, not to tie my capital down unnecessarily again.

Cadillac15:
Yeah. I get. The euphoria can make those who have not experienced it b4 to think it will continue like this. Until they come tomorrow and dont see any bid.

Then they will lose the small one they could have taken today.

Be fearful when others are greedy

mendes911:
No be 10% I find come, come get more than that. According to my plan, reducing stake is the next thing oooo. That na my plan. Market go always remain for all of us oooo.

Some people wey dey for inside some stocks never see profit, talkless of bailing.

#Heels.

PETERiCHY:
Zenithbk now N22 and still counting

Meanwhile those that waited for 6mths sold N20 and thought they beat the MARKET

RabbiDoracle:
As earlier advised, increase your cash holding to 50% - 70%.

Goodluck guys.

bigjay01:
You know how many times i have watched +50-80% turn -ve, all in the name of long term. Have we moved forward as a nation for the past 15 yrs?

lancee:
Hopefully ..took some profit yester.. Rest can get to 9 anywhere ..I was thinking Fbnh go do like last time up to 8.50 or something
Loaded ...the thing fall my hand ..still waiting

RabbiDoracle:
The volumes were too much in this bullish ride. Prices normally should accelerate faster with less volume because people don't want to relinquish theur units if you don't pay higher. But people seem to be relinquishing them and not sending the prices higher. This became a concern to me.

I don't know why it is so. I am guessing if it could be the events around the world.

NSE is about entering a good 2 year phase like you noted in one of your post yesterday but let's be careful now.

Agbalowomeri:
The name of the game is patience
You will sell double in due season but don't put budget on unhatched chickens o

Mcy56:
Lancee, the guy sold codedly today again.
Must be Jim or someone next to him with that 'unending' volume.

DeRuggedProf:
Peter, you are wicked!