₦airaland Forum

Some stocks in strong uptrend. Strong up trends present less risky opportunity. But, the problem is that you may not experience big gains immediately. On many occasions I have got into equities that seem to be trending, but had to exit in a short period as I was hit by nearly 10% loss within 2 weeks. But, don't worry, I will not recommend a stock that can reverse so fast. Today i will give one, it is for the long term.

You can expect more. PRESCO is it for today. Removing ban on 41 items will not affect a stock like this. Then, the hidden secret again!!!, if the equity reduces in price, there are foreign funds that will pick up the shares (I stop here for now). The price is at a good buying point. However, maximum stop loss to be NGN39.00 as this is a medium term play.

Although one should be careful of stock that do not trade in big volume. For some unknown reason, I did a quick read through the whole Financials of Newrest ASL. I was dumbfounded by what I saw. The company was borrowing at Negative pledge from the banks and the cash holding in USD at over USD1billion This company has enough ammunition to undertake more new projects and also increase profitability. As we expect the 1st quarter result, if the 1st quarter result is less than that of the previous year, I will be surprised.

However, my olofofo chart below has anticipated a fall in price in the short term, as shown by the aftermarket price. I will sell if price goes below 3.74. If the market smile on this stock. NGN5.00 is a good target.

He Locodemy, there seems to be a big party here. I no run o. UBA 2077078168

Hi,

I am looking at some of the results being declared. The recession seems to have favored some companies that can easily pass their cost to the consumers. For the main Agricultural/Cement sector, the companies seems to be making a killing. Same goes for those businesses generating forex. However, I see some easy money in NAHCO.

Although this is not a trade for the fearful or the investor it is for the traders only), it reminded me of the short rally in Ikeja Hotel. I have previously sold my holdings, but recent performance is indicating that it is possible for this stock to rally. The risk of the trade is small. My stop loss will be at 2.23 an profit target at 2.90

With the 20ema just above the 50ema. There seems to some strong level of support at the level of the moving averages. Recent volume too is not bad. See the chart which tells all the story.

Hey, Seems I am back to following stocks again. Have gone for some extra study. Now back to investing like a professional. Hold about five stocks at a time. I wont say I made money. but the market has been very tempting. From next week, if FO goes above the NGN44.70 mark, I will be a buyer.

I find this website to be good. http://capitalassets.com.ng/index.aspx

You can check these 2 sites. They have technical updates daily/weekly=
http://trwstockbrokers./category/nigerian-stocks-technical-analysis-signals/
http://www.scribd.com/doc/124056617/SIMPLE-STOCK-SELECTION-SYSTEM-THAT-MAKES-MONEY