₦airaland Forum

UPDATED TARGET TECHNICAL ANALYSIS MARKET PLAN FOR 2 JUNE (NIGERIA STOCKS)
We are staying on the sideline. Very few opportunity at the moment as most stocks are likely to retrace.

UPDATED TARGET TECHNICAL ANALYSIS MARKET PLAN FOR 2 JUNE
This market is becoming like a normal bull market. Our indicators is confirming this. Trading in this maket without a good indicator is a waste of valuable time!!!

The indices this morning are telling us this as shown below.

TARGET TECHNICAL ANALYSIS MARKET PLAN FOR 1 JUNE - UPDATE
There should be no fear for the market now. If some AI stocks were hit by the bear yesterday, we should not panic, we should just wait let them settle to strong support for us to buy again.

So for today AI (TICKER), is losing about 20% pre market, if we are in this stock and we have some gains, we can sell then use the money to buy a stronger stock like NVDA or AMD or PATH etc, depending on the one that looks stronger on the chart as at time of making the decision (using our trading indicators) .

TARGET TECHNICAL ANALYSIS MARKET PLAN FOR 1 JUNE
This morning all the AI stocks are shouting for us to get out/stay on the side line. Our indicators told us.

What are we buying with the proceed from our exit of AI stocks? Continue to follow us. We have said Gold yesterday, yes this is one of the industries equally blockchain stocks are showing stability (our indicator is telling us).

We will be exposing our indicators to some few people .

FEAR IS SHOWING UP IN THE MARKET TODAY?
We are building up our portfolio with mix of dividend and growth stocks. Task is not easy. We are learning not to get married to any position. We liquidated some of our AI positions, but with plan to come back into then. Gold is tempting and we are likely to buy, with a caveat of holding for short term only, the likes of DRD may be our candidate.

UPDATED TARGET TECHNICAL ANALYSIS MARKET PLAN FOR 31 MAY 2023
Global market should continue in bullish mode with the technology and discretionary sectors leading the pact . So looking for opportunities in AI stock still make sense, we should buy at support as much as possible.

Comment on Nigeria market is shown below.

THERE IS NO PHILOSOPHY IN INVESTING
Have your indicators in place, buy when your indicators say buy and sell when your idea looks wrong.

Taking clue from the above, I will sell my Chinese ETF (at a loss, yes at a loss and I am happy). I have realized that anybody can be wrong, currently everybody that played on China revovery are under water, big funds and even the world bank (at a time early this year world bank was talking with the undertone that China's economy will safe the whole world from likely recession, but alas China is not performing at the moment). Market is a case of "bi egun eni ba fe jo, to o ba so wipe ohun ojo mo, there is nothing you can do". What the yoruba proverb is saying is that market is the owner of the masquerade (if maket is saying it want to be bullish), market can decide not to be bullish again. So as an investor I obey the market, so China bullish masquerade has decided not to dance, so I get out of my trade.

Looking at the premarket, this AI matter seems to have captured everywhere. Looking at the AI stocks, we need to pick one that can stand the test of time. Good thing is that most big equities are in AI, so this madness may last for some time. Therefore, my take is that if you don't have much idea about AI, just buy NVDA (it has all the foundation that all AIs are built upon) and go to sleep, let the market do the rest (like of NVDA may likely do what TSLA and Amazon did in the past).

Good luck to everybody. Some pre market gainers (AI related are shown blow)!!!

In conclusion, can you imaging that AI will not be able to take over investing totally, stocks picked by AI sometimes too suffer loss. But, if you do not have AI stock in your portfolio, you may likely regret latter.

UPDATED TARGET TECHNICAL ANALYSIS MARKET PLAN FOR 30 MAY 2023
For the Global market strong showing by the technology sector likely to continue. This may be a good time to get back to bitcoin stocks too if we know how to read our charts.

Comment on Nigeria market is shown below.

TARGET TECHNICAL ANALYSIS MARKET PLAN FOR 30 MAY 2023
MAJOR Global markets (US, Britain etc) are on holiday today, so not much to say except that we have one sector dominating and dictating the market move (semiconductor/technology). Also, we are likely to see Tuesday open on the bullish side on the strenght of the technology sector.

For the Nigeria market the chart below applies.

MARKET TECHNICAL ANALYSIS-WHAT IS OUR MAIN OPINON ON THE MARKET TODAY 26 MAY 2023
Globally things are bad on the surface, but fundamentals still supporting a bullish expectation (dollar and bond indexes falling). So participants just need to wait for the bear to get tired. Commodities are up and indices down but may improve later. So pullback may happen today, but just pure profit taking.

For Nigeria market see below.

yok:
THIS MARKET IS SWEET AT THIS POINT IN TIME
We are waiting for Powell speech around 5.30pm west African Time. Now we are shedding our risk avoiding coat, we want to embrace some risk. And were should be embrace the risk- AI of course.

expect some market action in these stocks today. Our indicators are juju (or in the language of MTN, our indicators are 5G)

MARKET HAS BEEN SO VOLATILE!!!
Today is day of pain in the market. We are ready to stay on the sideline or get out of the market. We have put our stops in place, in case the market continues to be bearish.

We hope this debt ceiling would be resolved soonest

IyaTola:
Trove

AS AT MAY 2023- Best Nigeria stock trading app for foreign stock is CHAKA (financial strengh and reasonable commission). You can test yourself, open account with CHAKA with just NGN7000 (you can see a link that will entitle you to a gift under my profile), then open another account with other broker too, place your first trade and you will convince yourself as to which broker is the best!!!

Also just go back abour 4 or 5 pages from here, you will see the recent practical experience of people as to which Nigeria stock app is the best.

THIS MARKET IS SWEET AT THIS POINT IN TIME
We are waiting for Powell speach around 5.30pm west African Time. No we are scheding our risk avoiding coat, we want to embrace some risk. And were should be embrace the risk- AI of course.

EXTRACT FROM TARGET TECHNICAL ANALYSIS COMMENT FOR TODAY 19 MAY.
I will start by saying that there are indicators and there are indicators. Our indicators give you an xray of the market.

FOR GLOBAL STOCKS
Market has an established uptrend at the moment, technology stocks are leading and our thesis continues looking to buy stocks in technology, semiconductor, AI, gaming Industries.

Present sectors comments : gaming, telecoms/technology, semi conductor are among industries showing some momentum. On our watchlist today: UMC, U, _ _ _ _ _

DXY (DOLLAR index) : the index still in downtrend currently at a selling point
SOXL- retracing, we should wait
XLF (finance) - we should wait, still high risk sector, watch out for (BAC, PRU etc)
XLE (Oil) - can buy gradually, yes bull will come soon
XME (METALS MINNING) - retracing, but some good stocks still here (- - - - - - -)

The chart below show the situation of the Nigeria market

THIS GLOBAL MARKET TO ME IS ONE OF THE BEST THINGS TO HAPPEN IN NIGERIA- AGAIN I WILL SAY KUDOS TO CHAKA AND CO

Market has been sweet, technology sector still one of the strongest and semiconductor industry also strong.

The way the dollar is becoming strong may temporarily slow down the market. Going forward, let us try to have an AI related stock on our portfolio, but remember industry is rotating, we may need to sell at a point in time. Also finance industry is coming up, if we can have patience with the good stocks (BCS, TRIN etc are among those we are looking at).

Below is our comment on the Nigeria market for 18 MAY 2023 .

MARKET IS PULLING BACK- LOOK LIKE WE ARE IN A CRISIS PERIOD
Not receiving dividend in for the past 2 weeks is a big worry for me, thus I have not done any trading with free (dividend) money for abour 2 weeks. This is a message to me that I have to continue building up my dividend paying portfolio.

Okay, I am funding my Chaka account again. At least, I am comfortable with global stocks that can pay not just good dividend, but the fact that longevity of entity is there (PFE, VERIZON, MO etc have been paying and will continue to pay dividend for years).

LET US AVOID THE PATHETIC STORY OF HAVING NOTHING TO SHOW AFTER YERAS OF OUR INVESTING IN THE GLOBAL MARKET

I will implore us to start buying good stocks for our portfolio (NFLX, NVDA, TSLA, PFE, DMLP, AGNC, ZIM, NEM, MSFT, META etc). These are stocks that will deliver the long term returns.
And please learn some technical analysis, to know when to be aggressive in buying (we should be buying when the prices are low, not when everybody is happy and prices are moving high and hitting the peak).

Wishing all the best. It is not easy building up a good portfolio, it takes some pain, especially when you see these quality stocks moving slowly, while the stocks with no future are gaining 50% and above (but will crash at the end to zero, did we remember the case of the Guy that said he lost over $5000, in Nigeria!!! this should not happen to us).

There is money here, but you need longevity in the market to make the real money!!!

WHEN GOOD NEWS BECOMES UNPLEASANT
Inflation figure reduced and people are not too happy? Fearing that FED may not pause rate hike!!!

Okay, for us we act according to our plan. We want to come out of our shell and take some risk. Sold BTG (Gold is always a defensive play). I bough a semi conductor stock AEHR.

It is realy tempting to go big on tech at the moment!!! But we will curtail ourselve!!!

WHAT WILL MARKET DO TODAY:
This is the extract of our message today. List of good stocks is already notified to members.

FUNDING CHAKA'S APP IS SO EASY!!!
Today we bought PBR. Funded Chaka with my bank Naira app. The money landed faster than the time it took my spoon to get into my mouth from my rice plate. This is sweet, I pray our local APPS continue to perform like this.

Like someone will say on NSEMPA, eku market oooo. I am enjoying this forum too much. Again I will say a big thank you to the people and organizations that brought us this opportunity. Chaka, Trove, Passfolio in absentia, Sproutfi etc. I am building up my portfolio gradually and I am 120% happy in this place.

EXTRACT FROM TARGET ANALYSIS DAILY REPORT FOR 3 MAY 2023
What is market likely to do today?

GET SIGNALS FOR NIGERIA/GLOBAL STOCKS SEND "SIGNAL" TO Whats🌏App +234 82305 4935

I AM HAPPY TO BE INVOLVED IN GLOBAL STOCKS
I am happy here. How I wish I have started earlier!!!

I am happy because I am building a strong base with quality stocks. I may not get into the day trading type of stocks , but I can say I am extremely happy with my stock picks. Today we picked another dividend paying stock through Chaka! Why Chaka, I want to put what I believe in to practice, I like the ease of withdrawing my dividend from time to time for which Chaka will be good, at least we can withdraw minimum of $5, looks small, but is dividend which will be close to free money.

Stock at good buying point: ET, TDS

FOR SWING TRADERS- WE ARE IN A WAITING PERIOD
Despite the pain for those investing for the medium term, it is worth it.

So we stay focus on good quality stocks only. Fir me good stock mean dividend paying or growth stocks like TSLA, ASTC, INTT etc.

Expect to see better direction of the market after the inflation report tommorow and we trade bull or bear as appropriate.

THESE DAYS. COUNT ME OUT OF THE GAMBLING TYPE OF STOCKS
Today, we bought LPG (DORIAN) on the basis of fundamental and good chart pattern.

Stan2330:
How long does it take deposited funds to be available on chaka
This is more than 24hrs and my deposit is still showing pending
Are they this slow?

We should do things the simple way. Go inside the bank and do the transfer either with your cheque/bank transfer form or the bank app. Money should hit your wallet under 10 minutes (use your Naira account only).

Our stock for TODAY SBSW. Why this stock. Continue to follow us.