Zenith
- shaking it off !

fxuser:
Zenith
- shaking it off !

unpredictable

Good morning everyone.

Dangflour, dangsuga, fidelity and transcorp making me smile.

Guys in M&B the story is changing

Dangflour or first bank
Which one is the best buy for now

olayinmol:
Dangflour or first bank
Which one is the best buy for now

FBN: Name. positive sentiment you can go for it.

DF: Capital preservation. value positive sentiment, low market capitalization compared to FBN

both are still buy-able.

You decide.

We are breaking the 52wks high and look for support at 2.00 this time around.

Up Transcorp.

Now I can see fcmb support is at 1.50. waiting patiently to re-purchase the goldmine.

locodemy:
We are breaking the 52wks high and look for support at 2.00 this time around.

Water don dey pass garri o. Supply plenty. Abi you don bail out?

Why is Diamond teasing us like this?

Serious fight between the bulls and the bears. Whoever wins today, will control for the next 3 trading days.

Manonamission:
Why is Diamond teasing us like this?

The journey is still far. Forget all these ripples

Manonamission:


Water don dey pass garri o. Supply plenty. Abi you don bail out?

Bail out?
mbanu......never....
I only bailed out from skye bank @1.56,57.
I still have few units remaining to sell at 1.57.

Targeting to use the money to buy fcmb when it comes to support level.

BullBearMkt:
DO YOU KNOW THE MARKET IS YET TO DETERMINE ITS DIRECTION THIS YEAR?
Twice I have written this posts yesterday and also deleted it the same number of times. Reasons being that I don't want to be labelled as an Alarmist and I really want people to continue enjoying the ongoing rally in NSE. However, I owe my conscience a duty to post information I think will benefit at least one person.

No doubt, lot of money is made using price and volume for technical analysis. Now focusing on the last 2 trading days in 2018, what I see is that the market is yet to make decision on where is driving the NSE index. Market opened on 02/01/18 and closed a little above its open after bears took the price lower. The next day, 03/01/18, NSE index briefly enjoyed the rally but closed below the open price. Looking at the volume, yesterday's volume which dragged the index price down is twice more than Tuesday's volume. Each day creating pin-bar! As shown in chart 1.

This is summed-up on Weekly and Monthly chart as shown in Chart 2 as indecision.

What this means technically, is that investors are yet to decide whether to continue pumping more money into the market (which will cause the rally to continue) or take money out.

Chart of NGSE 30 companies is encouraging with a "positive indecision". Chart 3.

Next couple of days will unmask the plans of Market Makers and Smart Monies. Keenly to watch out for is the volume as related to price action. Possibly the rally can continue or temporary pullback could show up...

MY TAKE
-General market direction is unclear
-Patience needed for any new entry
-To buy any stock, buy at support level (or retrace/pullback) and not at 52 week high


PLAN YOUR TRADES AND TRADE YOUR PLANS

You are a pro.
I dey feel you

Agbalowomeri:


The journey is still far. Forget all these ripples

(shhhhh!!)

I don't know when stocks started making Year highs in January. No reason to fear. Time to sell is still ahead (except for those who know how to make multiple entries/exits between now and April)

locodemy:


Bail out?
mbanu......never....
I only bailed out from skye bank @1.56,57.
I still have few units remaining to sell at 1.57.

Targeting to use the money to buy fcmb when it comes to support level.

Skye at 1.56? Is there something am missing?

Manonamission:


(shhhhh!!)

I don't know when stocks started making Year highs in January. No reason to fear. Time to sell is still ahead (except for those who know how to make multiple entries/exits between now and April)

I hope fresh funds hits this market today/tomorrow, else expect a small pullback.

Manonamission:


(shhhhh!!)

I don't know when stocks started making Year highs in January. No reason to fear. Time to sell is still ahead (except for those who know how to make multiple entries/exits between now and April)

oga do you mean if you see big profit now even as time to sell is still ahead,you will not sell and buy the support?
All i know is there will be pullback/ support after this present rally in few days to come.
I only need to exit at ATH and wait for the support.

FCMB 130million units traded already. Loco na only your hand I dey see.

mendes911:


I hope fresh funds hits this market today/tomorrow, else expect a small pullback.

My point is I would have loved to be able to time the market and sell at a peak to buy again after the pull back. However, If I am unable to do that, I won't lose sleep. Time to sell and still make handsome returns is still ahead.

Disclaimer: I might change strategy as the market directs o or based on prevailing circumstances

Kashif:

Skye at 1.56? Is there something am missing?

I have even sold all @ 56kobo (few units )and 57 kobo (most). Baba God.I thank you oh. Not even dreaming to come back here again.

The locomotive of Loco has lost break... It is defying the laws of gravity

locodemy:


oga do you mean if you see big profit now even as time to sell is still ahead,you will not sell and buy the support?
All i know is there will be pullback/ support after this present rally in few days to come.
I only need to exit at ATH and wait for the support.

If I am able to time that ATH before a pull back, why not? Otherwise, I chill. Not so concerned about JIJO for now(as far as some stocks are concerned). Portfolio allocation plays a big role in this decision.

Kashif:

Skye at 1.56? Is there something am missing?

opeee! Just jump and pass.

Zenith is annoyed. On Bid.

Zenith bank on bid

kolaish:
Zenith is annoyed. On Bid.

Let it stabilize @ 30..push it

Both Fcmb and diamond will still catch up with fidelity after Q1 results

BMZK:
The locomotive of Loco has lost break... It is defying the laws of gravity

If what i am seeing goes through.
we will end today at 1.70 followed by fuuuuuuull bid.
Bids for transcorp continues till the breaking of 52wks high.
while fcmb has attain its resistance for now looking for the support.

locodemy:

If what i am seeing goes through. we will end today at 1.70 followed by fuuuuuuull bid. Bids for transcorp continues till the breaking of 52wks high. while fcmb has attain its resistance for now looking for the support.

e don happen.

Locodemy, Locodemy, Locodemy,

How many times I called you?

If no chop for your transcorp loot ehen, oboy I go blow whistle straight

Agbalowomeri:


The journey is still far. Forget all these ripples

I now monitor only ONE candlestick per week.