₦airaland Forum

GLOBAL MARKET IS FANTASTIC THAT IS UF YOU KNOW SOME TECHNICAL ANALYSIS
Today I was happy to take a loss on YANG, and immediately I ported to YINN.

This shows that relying on our technical indicators is the best gift we can give to ourself. I was late in entering YANG, but this YINN, we see how it play out. Somehow. I exited EGLX too with just 3% profit? So low, but I thank my broker for low commission, 0.5% in and 0.5% out flat. Commission not that bad, at least we want our brokers to survive, so that they can serve us for long!!!

PLAYING IN THIS MARKET WITHOUT A GUIDE CAN BE RISKY

A good indicator can tell you what the big money are doing behind the scene. The news we often see is only what the big money want the public to see.

Today we are waiting for inflation report, but a fairly reliable source has already given the verdict as shown below.

My take is this: this information has been communicated to the paying subscribers of the source probably weeks ago (do you know that Warren Buffet has a Satellite news subscription service, you can google what is satellite news subscription service (it is not your satellite TV service that we all know, it is a special service for big money that delivers a report like CPI figures about 60 seconds before the government gets the information into the public domain, again the subscribers use it to make another 0.5% on their 5million, subscription for this is about $1000 per month minimum)!!!

But let us see if they will be right. However, whether right or wrong, it is irrelevant to the subscribers (they don't trade the news the way we do, big money has already used the report and profited from it? How, all that big money needs (basically the institutions) is just anything above 0.5% move in a stock for 1 day, for this people .05% ( on 5million) is 25,000 that is all, they are out. so for most rally we had yesterday the people with this information have sold already by yesterday. They will start buying again after the actual CPI is out (they still get the actual figures before the public that is why the funds will tell the public not to trade the news or trade before a big new, they have the nearly accurate forecast and the first to get the actual), so simple.

So, we should have it behind our mind that the news you are calling news, is no news to big money. It is already stale news.

Ponder over this. This is the reason you will need your own indicators, and the more is is optimised for your personal preference the better.

So, I believe we should know what to expect from CPI today and that the bull is most likely to continue after the report.

Good luck to all. Note our EGLX trade should start to show profit as at now (after the shakeout)

TODAY IS LIKE THERE IS NO CHANGING A WINNING TEAM
With my AI and bitcoin compliant portfolio, today is a fairy good day. No buying no selling, just enjoying the sweet market.

For those of us in EGLX, there is no need to worry, the trade is likely to work out. Some gaming stock moved positively in the pemarket yesterday, so there is hope for EGLX

I HAVE DOSGE MAY BULLETS IN THE MARKET BUT TODAY WE TOOK SOME HEAT

We are not philosophers, the market is serious business. The best antidote fir a bear market is to be in cash or slow down substantially. Then, if the bear market has fully set in, we can switch to selling or play the inverse ETFs.

So, if tommorrow or close to end of market day, there is no improvement, we can start taking some profits out (at least if you have been in tesla, NVDA, BITCOIN, PLTR, for the last one month, those stocks should still be in profit. So, in the face to face attack of a bear, it is better to run, running away is the best although we can also pretend to be dead (ignore putting further money in the Marke) or attack back using inverse or shorting.

So, let us be wise, our longevity in the market is vital so that we can be profitable[b]. I hope the guys in NSEMPA will read this. MSCI Nigeria has been selling behind the scene, so the market that is up look like just a bullish camouflage at the moment[/b].

UPDATE TARGET TECHNICAL ANALYSIS- 6 JULY
I feel very happy with the Global market. It is very difficult to be caged by the market, as long as we do not pre-empt what the market should do or not do. Yesterday was a down day and today too is likely to open lower. And I was already thinking what to sell, the what to buy is the risky side.

However, looking at the quotes, Bitcoin side just brightened things up looking at premarket. And equally by the time market opens more sectot/industry will show up. Inverse are likely to be in play again, as we are seeing sudden I tease in VIX today.

For today, our major suggestion is that we should learn to use indicators. Even a simple one can be a starting point. Why am I saying this, we have a lot of indicators that we use. Recently, we used a different version of our indicators that the regular one, and we discovered that our normal indicator has better winning rate than the different one we used. Then, we conclude that we will stick to our regular indicators.

Wishing all a good day.

coputa:
please do, the stock is moving to it's 52 weeks high

ok. Review on our chart and I now support what majority are saying. Will be a good buy. May not be a long term holding, will buy sell from time to time as advised by our indicators

THIS SIDE OF THE MARKET LOOKS OKAY FOR ORDERLINESS
Today I venture to try some Nigeria stocks? Somehow, the platform look strange to me. Deposited money for my Morgan account, only for me to wait for hours before the money drop, and again the stock I want to buy told me something like no quantity available. Hmmm look like I went to a strange land!!! But, no problem, I could not do any trade, I believe by next week Monday when I go back, I will buy a good stock as chosen by our charts. I do not want to front run the chart, but MTNN maybe where I put my money on the Nigeria side.

For here, solar stocks are equally coming up. ARRAY technology looks good.

For the people asking for alternative to SPROUTFI, I will recommend CHAKA ( at least we can start with our Eight Thousand Naira). For those that want foreign broker, things have changed much compared with when you open accoubt with foreign brokers for peanuts, if you can afford up to $500 then try Traderzero, they accept Nigerian at the moment (they can stop accepting Nigerians at a later date), the minimum is high as you have to transfer your money via wire transfer from your bank and here charge maybe up to $35 taking idea from the SPROUTIFI list of charges, sorry, I did not recommend SPROUTFI. SPROUTIFI business is about to be taken over by another company, commission will now be 0.5% for each side of a trade (this is still cheap), while tradezero is zero commission.

Let us endure the difficult start, especially if you start with good quality stocks.


Happy trading/investing.

CHAKA IS BACK
I hope we all email them when the platform was not coming up?

But I have finished my business for the day on SPROUTFI

WHAT TO DO IF A PLATFORM IS MESSING UP AND YOU SEE A GOOD OPPORTUNITY THAT DAY
My plan is to sell part of my DKNG on chaka and go more AI. But alas, chaka is down (but not out, we thank God we cannot lose our money and all our shares are in custody of drivewealth).

Okay, all I have to do is look at the chart pattern of some of my weak holdings (dividend paying stocks are example of slow movers, I want to have them in my portfolio, but if I see quick money in another set up, I will sell the dividend paying stock, but I know I will come back to it later or replace with another dividend paying stock). So today, I will use my other platform (the foreign one and do my trading, I am sure Chaka will wake up from sleep tommorrow, maybr chaka staff are on Salah holiday?, at least I know Trove use external Consultant to solve platform problem, so if the Consultant fails to show up on an holiday like this, we shift, let us remember theses are "LOCALS" you know what I mean, they are in 3rd world environment!!! ), just like the Yoruba song that says, ohun to solowo to fin n sunkun, to ba se talika ATI gbagbe e. Translation simply means theses are LOCAL Enterprises and you just know they have a low bar, we continue to wait for another Passfolio or MOOMO to show up in Nigeria.

So do no let us fret over inefficiency of our local APPS maybe with time they will improve if they survive long enough. [b][/b]

CHAKA PLATFORM HAS BEEN DOWN SINCE MARKET OPENING TODAY
This is bad.

But not a big surprise this is a LOCAL APP competing in a global business. I hope they come back soon. Even, SPROUTIFI that 8s about to change ownership has not been down like this. And SPROUTIFI will acknowledge that they know the APP has issues and you get assurance that they will rectify the problem.

So, let see how long it will take chaka to cone back. For now they seems the better of our local or just manageable platforms?

TARGET TECHNICAL ANALYSIS COMMENT ON EGLX
Why should I buy this stock? When the indicator is as below. There, may be other options like HUYA, DKNG etc.

Although, if we want to play Warren Buffet (buy and wait till momentum shows up, when momentum will show up is not known). However, if momentum shows up, our indicator will still pick it up and we will spend less time waiting. A good example is PLTR, people that bough 2 years ago where in loss position until momentum shows up this year and it was like 100% profit in 4 to 6 months? So choose the one you want to follow (Fundamental wait 2 years or more for profit to show up, Technical - profit in days or few weeks, and if it did not work and you loose 10 to 20% get out and buy another stock) as your money continues to the best probable opportunities.

Our indicators tells all the story.

TODAY BITCOIN STOCKS WANT TO GIVE US SALLAH GIFT!!!

This is no joke, that is what premarket is telling US. I thing I should say tech stocks in general and AI stocks too.

Happy trading/investing.

MARKET FOR TODAY NOT THAT BAD- WE SHOULD NOT GIVE YOURSELF HIGH BP BECAUSE OF THE MARKET
Over the weekend, I was wondering what will the new week bring (after Powell speach brought the bear). But alas, by Sunday midnight Russia mutiny happen and by 11pm on Sunday, Asian market opened positive, with the Chinese economic report on standby, come Monday Morning, the futures market opened bullish). So by Monday, the bearish fear has subsided.

Russia crises also made commodities to improve (but more credit for this may go to the Chinese economic news, but China cannot be trusted, they can disappoint anytime).

So, the long and short of this message is that we must not be afraid, let us take the market as a game, and we must just learn to read charts. Today we are happier than we were on Friday and we are not too afraid. Our plan to continue buying and exiting technology/bitcoin stocks continue. We have sold some AI/bitcoin stocks before, now we are back to buying them (we sold AMD, some PLTR, AI but today we are ready to buy them back).

Will continue more on this, technical analysis is the way for a retail trade. If you are a small trader and you want to use fundamentals for this market, fine, you will see tge kind of losses that Buffet use to take (but remember, you do not have buffet kind of money!!! So stick to technicals, buy sell when a good indicator tells you. I will post what our indicator is saying on GOOGL soon (did not show up on our radar as buy for the moment)

UPDATE TARGET TECHNICAL ANALYSIS- 27 JUNE
Today is likely to be another good day for AI/bitcoin stocks, and we are targeting the good/cheap but promising ones (AEHR, APLD, MARA, COIN etc).

The only protection for losses in the market is your stop loss. For those of us that have lasted this long, we have escaped so may bullets from the bears!!!

And for the new comers, we welcome you to the promising but dangerous market, if you think you can do it on your own, okay next 3 months will tell

UPDATED TARGET TECHNICAL ANALYSIS MARKET PLAN FOR 23 JUNE
Today has some fear in the atmosphere. The rate rise in England and inflation rising in Japan is sending the market lower. But, we should not be afraid, we should let our indicators do the job of getting us out of our positions taht are under threat.

Looking at tge situation, we are likely to sell some AI stocks again, no buying of any stock except the inverse side to day. Ans the inverse we will play YANG. Actually the set up is good, so today we are likely to sell the market by buying YANG(for us this should be a no shaking trade).

Trying to play this market on your own, thinking you will gain experience and master the market , is a waste of your money and time, better to leverage on others experience and knowledge. I wonder if I would still be in this market if not for some paid subscription services providing us with a good charting platform and indicators (the market is more than your ordinary RSI, Stochastic etc, your indicator need some element of AI and should be able to give you what the nearest next move of the market should be).

Wishing all a good day.

UPDATE TARGET TECHNICAL ANALYSIS-
Today we bought [b]AMZN[/b]hu g, just as we have said that we are pationate about AI. We bought because our indicator told us the stock is in a buying zone.

Our indicators are tailor made for each individual

Today was not too bad, stocks recovered towards the 2nd half of the trading day. Therefore, we believe tommorow will be more bullish!!!

A THOUGH DAY IN THE MARKET
Exit some AI stock earlier in the day. Bought DKNG just for the interim (we continue watch to AI stocks).

Our indicators have been a good guide for this market!!!

what is your thoughts on the below stocks

TIlra
NAT
DHC
AFMD
ILPT
ATRA
Note
DSX
CYXT[/quote]UPDATED TARGET TECHNICAL ANALYSIS- ANALYSING CHARTS AT REQUEST
TLRY: In downtrend. at all timeframe. Marijuana industry is very risky at this moment. Govt seems too busy with economic matters for now to remember this industry.
NAT: Looks good in the short/intermediate timeframe. Industry not bad and tanker business is improving at the moment. 1st resistance is 4.01
DHC: Stock retracing from a recent high. Look for support at 1.97
DSX: Stock about to recover from recent downtrend. Sitting on strong support in the monthly timeframe. I like the current chart pattern, as stock is in buy zone as at 21 JUNE 2023.

For the rest analysis continue following this forum or get a good indicator like what we are using and you will be able to analyse stock on your own/get assistance from Target Technical

TRADING ON A PLATFORM WITH LOW OR NO COMMISSION IS HIGHLY IMPORTANT
For a day like today that when we need to defend some of our postions by taking profit or closing using stop loss, a low commission platform give you more room to play with. I sold some of my AI position and then bought MARA and SPOK. And funny enough both showed immediate profit!!!

So for a newbie better to chose a platform like SPROUTIFI or at worst CHAKA. Trove should be avoided as commission is not favorable to a small investor (equally a plaform like Trove has no advantage in terms of exchange rate, the rate is nearly or same as Chaka).

Wishing all the best, our indicators are just too good. Concerning the person (AREMSO) that requested for opinion on some stocks, if you had no response, by tommorrow we would give you full verdict or is it prophesy on those stocks!!!

UPDATED TARGET TECHNICAL ANALYSIS MARKET PLAN FOR 20 JUNE- OUR ACTION SPOT TODAY
No matter what the market brings, today we are likely to buy a bitcoin stock. Some of the stocks are in a zone of mimimal risk, MARA is our 1st candidate.

The only thing that can make us change our mind is our indicators telling us to wait. Equally. we may exit/take profit on some of our AI positions (but we are only staying on the sideline, we will re-enter again as per our indicators).

We welcome the new and returning members, I as the Presiding Pastor and on behalf of our GO, OakPearl (currently on International tour)

THE GLOBAL MARKET IS TOO SWEET
Team AI in the premarket are not doing too badly. We look forward to another bullish day in the market.

For the local market. I can confirm that MSCI is yet to start adding more stock, checking from 25 MAY to 14th June. As soon as MSCI steps into the market, we would be informed. However, MSCI tested SEPLAT, AIRTEL Africa with one unit each. [/b]And as usual, there is a chest load of cash to be deployed once they start buying Nigeria stocks. [b]So for those thinking MSCI will buy in overbought region, let us forget it, they know how to buy covering their tracks, but we will know as we have been following MSCI for long and we know how to track them.

Safe investing to all.

I AM ENJOYING THIS MARKET
Market is up today again. I have not seen the result for ADOBE yet, but from the movement in the maket, it seem 'O TO DOBE " it has become soup (to speak in yoruba). So we continue our AI ride.

For those who may be late, sorry oooo, we can get down from the bus at any time we are tired of tge ride.

TODAY IS LOOKING LIKE A PROBABLE DIFFICULT DAY IN THE MARKET
We need to have our stops in place, in case any of our postions get threatened.

Let us see what will happen to AI stocks as another big AI related stock declares earnings today.

For Nigeria stock we talk about MSCI in our message today. I can say that today's message is a very exciting. See the chart below

UPDATED TARGET TECHNICAL ANALYSIS MARKET PLAN FOR 14 JUNE- WHAT IS AI IN SIMPLE LANGUAGE

*AI mean we want to replace our computers (in US for now) to be able to process information faster using DATA, we want the computer to take more DATA and process it faster, also we want computer to make all complex things to become simple (e. g a computer to convert a photograph to a painting, we want to buy things on line ( a computer to get us the specific shop that sell that thing at the lowest price after searching the whole world, spun wierd, that is chart gpt for U) . Our current computers are to be replaced or upgraded with faster ones that can handle more data and interconnect more to find data (the likes of NVDA deals devices call semiconductor that determines computer speed, they even want to manufacture new superfast computers) , anywhere data is located (networks comes here, connect more computers to find more information) .*One MAJOR spender on AI is US Military.

So from the above you can then start to put one plus one together to figure out the various industries that would be involved. From the above, this is why some old investors are worried that maybe chart GPT/AI is jus a fad, it has always been there. But now, more work want to be assigned to computers for then to make more decisions, e.g I do not jus want to search for the suppliers of an item, computer should tell me the store plus the price I can get the cheapest item (quality would have been factored in, e.g I put original Gucci bag)!!!!

Welcome to the age of AI.

TODAY I CONCLUDE MY TRADES ON AI

If not the fact that I have been planning the trade for long, I would have stayed on the sideline. Many stocks on my watchlist could not make it to the buy stage.

Today our indicators guided us. I bought AI (c. 3). This would be my 2nd time after selling the fist purchase at a profit. Yesterday, I bought ADOBE

It is a pity CHAKA did not have GGN, I could have preferred a dividend paying stock. Nevertheless, I am happy!!!

UPDATED TARGET TECHNICAL ANALYSIS MARKET PLAN FOR 13 JUNE- NIGERIA STOCKS &. PRE MARKET FOR GLOBAL STOCKS
The week is likely to start bullish as indicated by MSCI Nigeria. And we are starting with _ _ _ _ & GTCO as main stocks to watch.

Global market is behaving like ATM and I want to as myself, how can a place like this be quiet? No problem, many people have not discovered the potential of this forum and for the early adopters, we are happy. It will happen like when opening account with foreign Stockbrokers like passfolio/ trading 212 was easy, but now, only few people can open account with such brokers as you now need more money. So by the time some people decide to join us, AI stock would have hit the roof!!!

NO TIME TO POST ANYTHING FOR NOW!!! BUSY DOING SOME BUYINGS
I will post what I have bought probably by tommorrow. But today it is AI day for me. Buying some pullbacks.

We are not worried about the price of the stock, as long as it is AI and read to move, we buy. Funny, bought a stock pricef around $400+, before is was unimaginable, but now I know better!!! Will say the name probably tommorow. I only bought fraction of stock though as I am buying like 3 equities today

TARGET TECHNICAL ANALYSIS- SHORT OPINION ON AI

I have taken keen interest in AI. looks pretty interesting. I have observed that AI will likely have positive effect on many stocks/industry: 1st beneficiaries would be businesses that collects data (TSLA fits in here plus the power side) , semiconductors, data center equipment suppliers, data centers, graphics related softwares, semiconductor machine companies, companies in power generation, animation/robots/automation, client /customer management softwares. .

Looking at the wide number of industries to be impacted, Ai is not a fluke. The industry may be able to stand the test of time. So we should have a plan to patcipate. The good thing is that we are becoming more experienced in investing. We should not get married to the stocks, we buy and sell using our indicators. I have already sold the 1st purchase of AMD/AI. C3 for a small profit and again I am looking to but back if my indicator says buy.

So we just play along with the market.

sgtponzihater1:
Kindly provide a brief review of their platform, their fees etc when you have the time. Cheers

REVIEW OF CHAKA'S PLATFORM
As a way of introduction, I have account with a number of brokers both local and International. Best brokers are the foreign based as most are commission free, but access/meaningful minimum remittance to avoid the charge eating away your money has mede most of the foreign brokers a no go area (but if ypu can start with $500) , then you can use SPROUTFI or Tradezero they are one of the best for Nigerians for now.

ADVANTAGES OF USING CHAKA
- minimal starting deposit with NGN7000 you are okay
-reasonable commission 1% buy, 1% sell flat rate no minimum charge. This is in comarism to Trove, $1 minimum commission on any transaction. Thus, if you are buying stock with your initial 7 000, commission will be a minimum of NGN7000, compared with NGN70 if you use Chaka. Thus Trove commission here is like 10%.
- you can send money from your APP to your account. Just as you finish typing, your money is ready for trading (do it simple, deposy Naira, just as if you are making local payment)

- ease of withdrawal. You can withdraw as little as 3,500 with charge for any withdrawal of remittance fixed at an average og NGN50
- Company has experience as part of a group of a long standing Nigerian stock brokerage business. With others, Trove, BAMBOO promoters do not have this reputation of previous experience like chaka owners
- financially stable compared with Trove/chaka
-listening Managemnt. If platform is not working, one email to operations (or if they do not respond, tell me and I will send the mail to the quarter that will get issue resolved fast)
- the stocks are few, they only due with shares of companies in major exchanges or trade some minimum quantity (so you are prevented from investing in junks. you will not see TINGO here, you can search for TINGO on Nairaland to see details)
-registered with SEC and finra
-association with DRIVE WEALTH ensures you don't loose your money already invested in stocks as drivewealth in US is the big broker in charge of warehousing your shares (the shares are in your name you will be receiving notice of meetings in your physical Nigeria address, drivewealth will ensure that nothing funny happens to your shares, in case something happens, they will move your shares to another sub broker like chaka, Trove, sproutfi or a similar firm you desired)
-platform has stop and limit orders (but must buy full shares no fraction). For fractional buy/sells you use market order.
_there is a charge of $per month if you have account (Trove has this too), but no charge like this in SPROUTFI. But that is on the condition that you have unused 1$ in your account on 29th of the month. I think I have been affected by this just once at Trove, chaka (I cannot remember if they ever took this monthly $1.So this is no problem, use your money to below $1 by each moth end and you are free from this charge.

I believe this should satisfy your question. Out of all local platforms for trading Global stocks Chaka is still the best and will remain the best till we get better conditions elsewhere

I LIKE WHAT IS HAPPENING IN THE GLOBAL MARKET

This time is looking like chop and clean mouth. Our indicators are performing. It is good that we don't chase small stocks. Today we bought ACP, still in the spirit of building up a strong portfolio with some dividend paying/growth stocks.

Wishing everybody save investing.

I LOVE THIS FORUM- WE CONTINUE TO BUILD UP OUR PORTFOLIO LIKE A HEDGE FUND
It is not an easy task, but our indicators are making it simple.

With the way this market is going, I should load more funds into mey portfolio, so Chaka here I come.