[quote author=Susily post=132107744]


I beg to differ Chief.

Thanks. I agree with your comment too. Most people who are good in technicals are also keeping fundamentals behind their back. For technicians, Technical analysis is like a striker (when to actually buy) and technical is your defence line.

However, somehow fundamentals is like[b] old school[/b], but is still necessary. When I started rating fundamentals higher when I read how the technicians (George Soros is a leading one here), bailed out Benjamin Graham (Benjamin Graham was a Professor in the University, while Soros and others were his class students at a point in time). However, there got to a time when Benjamin Graham started posing money in the market (computers/technicals took over the market), things were so bad for Graham then that his former students (they have added technical analysis, and are more like pure Technical Traders), led by Soros have to raise money to support him. You can google how former students of Benjamin Graham or George Soros help Benjamin Graham.

So, we can see that Technicals is more modern,easier to understand, more accessible for the common man, less expensive (most previous Corporate Fund Managers that later step out on their own will tell you that they missed all the Fundamental materials that the banks use to make available to them when there were still in paid employment, but as individuals they deemed the materials too expensive, these are people that can still afford like $2000 dollars monthly for trading platforms/other side subscription).

[b]So as a retail trader, you cannot survive without technical analysis, with most platforms available being able to screen out stocks not meeting basic fundamentals (this is why so many biotechs/penny stocks do not show up in my screener these days), [/b]except I just see a strong Biotech and decide Just to play with it for the short time.

Thanks for your contribution. Well appreciated by all of us

DIFFERENCE BETWEEN TECHNICAL ANALYSIS
An interesting difference between technical and fundamental analysis is:
Fundamental Analysis: Someone personal opinion (call it Analyst, Investment Manager, Expert opinion etc)

Technical Analysis: Market opinion. What the market is doing. This is like fact.

From the above we can see that fundamental is opinion about the company by someone. Technical is the market itself speaking.

So which one is likely to be correct? Market telling you what it want to do or someone's opinion about what the market will do. We can make our conclusion.

We have indicators that tells you what market is doing or will do

Omorwumi:
Pls I need recommendations on US stocks to buy today

FOR SOME OF US TO THINK WE CAN PLAY THIS MARKET TRYING TO FIGURE OUT THINGS ON OUR OWN IS DANGEROUS
Somewhere in this forum, you will see a book advertised called "trading plan blueprint". There we gave a scanner that will tell you which stock to buy and also when to sell (for example, I have sold RUN 2 days ago and bough another stock).

Today SNAP looks good. We gave 2 other stocks to our forum members. We need a reliable indicators that will tell you when to sell and switch between stocks!!!

MARKET CAN SOMETIMES LOOK LIKE MANIPULATION
We were expecting rate cut, yet people are still shorting? Sometimes what happens in the market goes against logical reasoning.

Okay, long story short, after hours is showing us what to expect tommorrow, except something exceptionally bad happens (maybe from the Eastern/Arabian region or the Waring Countries etc), we should see the face of the bulls from tommorrow. Picture of aftermarket of 18 Sept has some clue!!

TARGET TECHNICAL PRE MARKET COMMENT 17 SEPT
Market noise is taking some stocks down, let us know that the bullish book is about to be opened. Today oil stocks may likely recover from their losses.

Generally commodities are looking good, but stock are looking dull, but is a good time to buy stocks. We are likely to make some profit in the next bullish run, from tomorrow night

Our stock for today is: TRMD- TOM

Penboy:

You bought 1 dollar worth?

You are right yes, I invested $1 reasons:
1- I am using a broker with zero commission (sorry, this is not possible for anybody that cannot start with $500 deposit, before used to be like $10 when passfolio was in Nigeria, I opened with very low deposit, so don't think I started with one big money)
2- uptrend is just developing for this stock (weekly chat indicated this) and this is confirmed by our oscillator on the Daily chart. As at 17 Sept looking really good, may add more position, if I am deeply interested in the stock
3- we want to scale in as the bullish chart pattern emerges
4- I am invested in other stocks and I just took the money from one of my positions to test this, so is a test trade

And sorry to the people who cannot read charts or have a good of indicator ) I may sell for a small gain, if a stronger stock like QDTE shows a stronger chart pattern (I am building up a position in the likes to QDTE, XDTE). If you need a good trading system, we can give you one at a cheap price *DM me if interested.

Above is just for our information, more just for our caucus members on the above/others

yok:


Thank you my GO. I receive this your gift of a trade. More anointing Sir. This is PAPA's blessing

People don't know what they are missing here, I tried your recommendation and just some few hours 2% landed.

OakPearl:

A perfect swing trade set up between $17/$18.
I will be updating as the stock progresses.

Thank you my GO. I receive this your gift of a trade. More anointing Sir. This is PAPA's blessing

TARGET TECHNICAL PRE MARKET COMMENT 13 SEPT 13 SEPT 2024
The market is on automatic bullish mode now, let us enjoy the benefit of our surviving the bearish threats.

As technical analysis will help all in markets. Once a while I will be giving some stock recommendation for the Nigeria market. For now playing the Nigerian market is very easy as there are few stocks that are moving on the postive side in the market: Finacials/Banks, Oil Stocks (Oando is captain here).

Our stock for today is TRANSCORP

TARGET TECHNICAL PRE MARKET COMMENT 11 SEPT 13 SEPT 2024
Inflation data was good, now we are looking forward to relate cut. From now till next week Tuesday, the bulls have a open cheque, let us see how much the bulls can gain? There is high probability that any stock we buy will make a profit between now and Tuesday next week. NCLH I some stocks f our stocks for the day.

OakPearl:
The market is a voting machine in the short term, but a weighing machine in the long term.
Feels great to be back at last!

We welcome our GO (General Overseer of this forum) with 21 Gun Salute

I am surprised that no one noticed or comment, probably he sneak in at a time when market is in a challenging mood.

Nevertheless we welcome him and do not be surprised when we start seeing positive market movement as our GO is back. I am sure he has come with a load of miracles for us.

We say welcome Sir. We have been keeping the forum active and we will continue to do so for the foreseeable future.

TARGET TECHNICAL PRE MARKET COMMENT 9 SEPT 2024
The futures market is giving indication of a likely market recovery day. Commodities are up with oil being among the strongest.

So, let us be prepared to see some of our losses reducing. But Wednesday is CPI, but this may not be a big threat, the problem now is unemployment figures.

TARGET TECHNICAL PRE MARKET COMMENT 5 SEPT 2024
Today is looking better. Let us see your if things will stabilise. We need to be patience, let our stops do their job. Also, we should be prepared to wait for some momentum to come to buy side before buying and we should buy quality stocks only.

TARGET TECHNICAL PRE MARKET COMMENT 4 SEPT 2024
Today we need to start looking at shorting side to edge our position. But problem is that this is normally a short term measure. if we are afraid we should just be in cash.

TARGET TECHNICAL PRE MARKET COMMENT
For today, we expect a ranging market and one of the industry that may likely carry the day is blockchain. Technology sector is still okay.

These days, our smart money indicator has made trading everyday unecessary. We wait for the best opportunities, buy at points where we see the smart money are participating in the market. Some stocks in our watchlist: RDDT, LMND, LCID

Wishing all longevity in the market.

TARGET TECHNICAL PRE MARKET COMMENT
Today we expect a bullish day, we hope the CPE data will not spoil the party.

Later in the US trading day, possiblity of profit taking is high as Monday is market holiday(labour day).

There is little chance for the bear at the moment as long as the VIX stays below 16.

WONDERING HOW ONE STOCK -NVDA CAN HOLD THE MARKET HOSTAGE
If NVDA fails to deliver, then problem for the bulls?

MARKET SHOWING HIGH VOLATILITY
We should stand our grounds, medium timeframe is telling us to expect a bullish market.

I was surprised to see that PLTR made 100% gain between 2022 and now. What this remind us is that quality stocks will pay over time, compared with the pennies where most will end up in bankruptcy,(so pennies are for short term buy sell, buy sell).

TARGER TECHNICAL ANALYSIS- MARKET BIAS FOR 26 AUG 2024
Looking at the pre market gainers, I can see investors in the market smilling. Among the early gainers are NVDA,TSLA, UEC, MSTR etc

Happy investing to all

TARGET TECHNICAL COMMENT FOR OPENING OF THE WEEK 26 AUG 2024
Week likely to open bullish. So many stocks in good buying area. Our stock to start the week is RDDT. It is in a smart money buying area with reasonable stop loss, immediate price target is 67.36.

The recommendation in LCID is fair, but with supply at 4.27, buying immediately is risky, probable waiting for pullback is better. For now, I will be making comment on smart money buy points, as many of us always see that when we buy stock that people are recmmending after a big move, we normally see price falling just when be buy. We should not worry, this is part of the game

Wishing everybody a profitable new week.

COMMENTS FOR 23 AUG 2023
Today is the D-day for Jackson hole, market expectation is still bullish.

The shakeout we have seen recently should not deterred us from managing our trades property.

Both commodities and stock are bullish early this morning and we are likely to see follow through. So wishing all a profitable trading day.

LOOKING AT THE NIGERIAN APPS -COMMISSION IS HIGH
The high commission makes it difficult to do short term trading, so if you want to use Nigeria App you must be ready to do swing trading or just be a pure investor. If we are not careful the Nigeria APPs can make you a loser from day 1, as you need at least 3 to 6 percent gain to Break even depending on the platform (chaka is the 3percent, for trove it will be about 4percent and this is if you trade with at least $75 per every order, if lower amount is traded, making profit may be difficult).

No hidden charges. There use to be $1 monthly charge at a time, but will only apply if you have money over $1 in your account at month end. I don't know if they have cancelled this.

Also, minimum charge per trade is $0.5 or 1/1.5percent whichever is higher. But, you can email them for update on Commission/charges as they are always updating them. I am sure they will respond to you

[quote author=aremso post=131547630]

Is it based in Nigeria and how can one opened an account with trove.

HOW TO OPEN ACCOUNT WITH TROVE

The process is as simple as opening a local account.
.1 Download the APP
.2 Complete the form, providing normal details as you will do to open a local stock trading/bank account
.3 You will receive notification that account is approved

It should be completed in one day

THOSE WHO ARE STEALING/BUYING STOLEN PHONES ARE SITTING ON TIME BOMB
With the advancing technology, any stolen phone can be traced once you know the the IMEI number. It may take some time, but if the owner of the phone decide to take up the case and sacrifice some small amount (report to the right official channel, not paying any individual which most cases is scam). So if you are in the phone stealing business one way or the other (sellers/buyers of stollen second hand phones are inclusive), your days of thinking you will not be caught are numbered.

[b]THIS IS ENOUGH FOR THE WISE/b]

TARGET TECHNICAL EARLY MORNING UPDATE 16 AUG 2024
The bullish set up in the market likely to continue today.

The good thing at the market now is that we are likely to get good stocks close to support levels. OIL, SHIPPING, REIT, GOLD are some of the industries with good prospect.

Wishing everybody the best.

TARGET TECHNICAL EARLY MORNING UPDATE 15 AUG 2024
Today is another market recovery day.

So let us enjoy the season of the bulls. But as usual, let us buy quality stocks that will not make our accounts to bleed excessively when the bears shows up. This remind me of the primary school story of the 3 little pigs who were building house for protection.

MARKET IS GOOD TODAY
Rate cut play is back. We may see some up move, but we should limit ourselves to good stocks only.

CVNA looks good

CHAKA IS BACK ON STRAEM
You can access your accounts and trade

[quote author=yok post=131477999]CHAKA PLATFORM SEEMS TO DOWN
Since yesterday I have not been able to sign into Chaka?

Chaka has responded on the above. So we should give them some time.

MARKET STILL VOLATILE - BUT PROMISE OF RECOVERY IS HIGH
We should still focus on good sectors. [b]GOLD AND TECH [/b]are looking good. For blockchain, we should be a buyer on pullbacks (but this looks uncomfortable).
Please for some of our caucus group please contact me be email as we sort out our missing phone problem, some short messages like the above are going to be by mail.
Thanks.

CHAKA PLATFORM SEEMS TO DOWN
Since yesterday I have not been able to sign into Chaka?

I wonder if anybody notice this.