FUGAZ is an acronym for First Bank, UBA,
Gtbank, Access and Zenith Bank

IYGEAL:
And the person who asked about FUGAZ may still not know what it means. I was banned for it too.

rebekah2011:
FUGAZ is an acronym for First Bank, UBA,
Gtbank, Access and Zenith Bank

Maybe na de FBNH wey dey there dey vex the bot....

It appears that zone A-B (Support) and zone C-D (Resistance) are in play. If I am correct FBNH will be bouncing between this zones in the short term, with A-B ranging between 4.9 and 5, while C-D ranging between 5.25 and 5.7 .

The implications are that for a short term JIJO trader an entry at 5 would be ideal, stop-loss set at 4.65 (risk/reward ratio: 2:1) and take profit at 5.7 (15% profit). Already, one bus has left the park at swing point PSPL. Will it head to its destination or retrace to pick more passengers?

Notes: I came up with this support/resistance by anchoring to relatively significant price bars. A an B because those bars had volume expansion, C and D because the bar had a wider price spread as well as a high relative trade volume.

Some guys will argue that if price breaks 5.7 it will continue its up trend, well not necessarily. If price breaks 5.7 with less volume, 5.7 will be retested later and then give the guy who exited with profits a chance to re-enter again at a good price.

ositadima1:
It appears that zone A-B (Support) and zone C-D (Resistance) are in play. If I am correct FBNH will be bouncing between this zones in the short term, with A-B ranging between 4.9 and 5, while C-D ranging between 5.25 and 5.7 .

The implications are that for a short term JIJO trader an entry at 5 would be ideal, stop-loss set at 4.65 (risk/reward ratio: 2:1) and take profit at 5.7 (15% profit). Already, one bus has left the park at swing point PSPL. Will it head to its destination or retrace to pick more passengers?

Notes: I came up with this support/resistance by anchoring to relatively significant price bars. A an D because those bars had volume expansion, C and D because the bar had a wider price spread as well as a high relative trade volume.

Just to encourage you, always indicate the time frame you are working with.. very important

I'm happy you are working with FBNH as I hold certain interest in the stock. In fact, it has 4.05, 4.5, 4.75, 5.0, 5.70 value points..(just my opinions and little research)

I know these points of hand, just as I do for gtb and zenith.. it helps when you have your cutlass sharpened >:

ositadima1:
It appears that zone A-B (Support) and zone C-D (Resistance) are in play. If I am correct FBNH will be bouncing between this zones in the short term, with A-B ranging between 4.9 and 5, while C-D ranging between 5.25 and 5.7 .

The implications are that for a short term JIJO trader an entry at 5 would be ideal, stop-loss set at 4.65 and take profit at 5.7 (15% profit). Already, one bus has left the park at swing point PSPL. Will it head to its destination or retrace to pick more passengers?

Notes: I came up with this support/resistance by anchoring to relatively significant price bars. A an D because those bars had volume expansion, C and D because the bar had a wider price spread as well as a high trade volume.

Banks will breakout this June and July.

For 4 weeks, all banks have traded flat.

Even economies that are worst than Nigeria are having serious bullish stock market. It is imported liquidity that drives the market not fundamentals of the country. Though fundamentals of individual companies are taken into analysis.

Market will rise and rise fast.

Look at the fall of stocks:

In 4 weeks,

Zenith fell from 18.10 to 16.15.
GTB fell from 25.30 to 23.15
UBA fell from 7.25 to 6.40
FBN fell from 5.85 to 5.30

All in 4 weeks. This is too meagre to be call a bear. Bear ravages portfolios in only 1 week. When bear does 4 weeks, heat go don too much

This is a very strong bullish run loading after the unexpected consolidation.

RabbiDoracle:


Banks will breakout this June and July.

For 4 weeks, all banks have traded flat.

Even economies that are worst than Nigeria are having serious bullish stock market. It is imported liquidity that drives the market not fundamentals of the country. Though fundamentals of individual companies are taken into analysis.

Market will rise and rise fast.

Look at the fall of stocks:

In 4 weeks,

Zenith fell from 18.10 to 16.15.
GTB fell from 25.30 to 23.15
UBA fell from 7.25 to 6.40
FBN fell from 5.85 to 5.30

All in 4 weeks. This is too meagre to be call a bear. Bear ravages portfolios in only 1 week. When bear does 4 weeks, heat go don too much

This is a very strong bullish run loading after the unexpected consolidation.

When price breaks 5.7 with less volume, 5.7 will be re-tested later and then give the guy who exited with profits a chance to re-enter again at a good price.

Justcul:


Just to encourage you, always indicate the time frame you are working with.. very important

I'm happy you are working with FBNH as I hold certain interest in the stock. In fact, it has 4.05, 4.5, 4.75, 5.0, 5.70 value points..(just my opinions and little research)

I know these points of hand, just as I do for gtb and zenith.. it helps when you have your cutlass sharpened >:

Price will exit identified resistance/support at either end. It could exit at stop-loss (4.65) which is unlikely or exit at 5.7 which has a higher probability. If u are asking me for how long it will be ranging in between then i will say i am not sure, may be a week or a few weeks.

ositadima1:


Price will exit identified resistance/support at either end. It could exit at stop-loss (4.65) which is unlikely or exit at 5.7 which has a higher probability. If u are asking me for how long it will be ranging in between then i will say i am not sure, may be a week or a few weeks.

No sir, I mean when you read charts, they are viewed in different time frames e.g. daily, weekly, monthly, yearly.. etc. Even intraday sef

It helps the readers a lot in making decisions.. these time frames in most cases show different trends and support/resistance levels..

Like what you showed up there should be the daily i guess.. if you view it again using weekly, your interpretations could be different

RabbiDoracle:


Banks will breakout this June and July.

For 4 weeks, all banks have traded flat.

Even economies that are worst than Nigeria are having serious bullish stock market. It is imported liquidity that drives the market not fundamentals of the country. Though fundamentals of individual companies are taken into analysis.

Market will rise and rise fast.

Look at the fall of stocks:

In 4 weeks,

Zenith fell from 18.10 to 16.15.
GTB fell from 25.30 to 23.15
UBA fell from 7.25 to 6.40
FBN fell from 5.85 to 5.30

All in 4 weeks. This is too meagre to be call a bear. Bear ravages portfolios in only 1 week. When bear does 4 weeks, heat go don too much

This is a very strong bullish run loading after the unexpected consolidation.

Sir, I am not contesting whether prices will move up, if you can remember i made analysis with charts before. Here it is again.

ositadima1:
As for FBNH, the current pattern looks like an ABC (not sure if it is a zigzag or flat but definitely not a triangle) . Ok, so I overlapped the Fibonacci for the Internal retracement (0.382, 0.5, 0.618, 0.786), External retracement (1.272, 1.618, 2.618) and 3 point projection (0.618, 1, 1.618).

I found this price zones as high probability targets for wave C

Zone 1 : 8.46 to 9.12 (about 56% gain from current price)
OR
Zone 2 : 9.74 to 10.28(about 80% gain from current price)

Mind you, this values will take about 4 to 5 months to attain. Very possible gamble for midterm players.

Again do ur DD i may be very wrong.

Note, after point C a major price reversal usually occurs.

Justcul:


No sir, I mean when you read charts, they are viewed in different time frames e.g. daily, weekly, monthly, yearly.. etc. Even intraday sef

It helps the readers a lot in making decisions.. these time frames in most cases show different trends and support/resistance levels..

ok, I used the daily time frame. Each bar represents one trading day. You have a point though, I will look at the weekly as well.

Thanks for your analysis. Especially second paragraph.

ositadima1:
it appears that zone A-B (Support) and zone C-D (Resistance) are in play. If I am correct FBNH will be bouncing between this zones in the short term, with A-B ranging between 4.9 and 5, while C-D ranging between 5.25 and 5.7 .

The implications are that for a short term JIJO trader an entry at 5 would be ideal, stop-loss set at 4.65 (risk/reward ratio: 2:1) and take profit at 5.7 (15% profit). Already, one bus has left the park at swing point PSPL. Will it head to its destination or retrace to pick more passengers?

Notes: I came up with this support/resistance by anchoring to relatively significant price bars. A an D because those bars had volume expansion, C and D because the bar had a wider price spread as well as a high relative trade volume.

Some guys will argue that if price breaks 5.7 it will continue its up trend, well not necessarily. If price breaks 5.7 with less volume, 5.7 will be retested later and then give the guy who exited with profits a chance to re-enter again at a good price.

Justcul:


No sir, I mean when you read charts, they are viewed in different time frames e.g. daily, weekly, monthly, yearly.. etc. Even intraday sef

It helps the readers a lot in making decisions.. these time frames in most cases show different trends and support/resistance levels..

Like what you showed up there should be the daily i guess.. if you view it again using weekly, your interpretations could be different

It is on a daily timeframe.

Look at top of the chart. You will see FBNH, D

That D is the Daily.

RabbiDoracle:


It is on a daily timeframe.

Look at top of the chart. You will see FBNH, D

[b]That D [/b]is the Daily.

Thanks Rabbi, I didn't see that or didn't understand it properly.

megawealth01:
Nawaoh ooooo... Hope none here is trapped?

Do not allow any company turn you into an ATM mechine,
always collecting money from you, and giving you nothing in return.

My opinion.

zionaigbokhan:

I'm good and thank you, I bought at 2.75 and bail out the same amount first thing the next day. Loss cost for buying and selling, back in Access at 6.8. Thanks again.

You're smart.
I know you've learnt another lesson in NSE 101 at least.

Please is anyone able to log in to Mytradebook today?
I tried contacting them thru mail since yesterday, it bounced back.......could it be that they're doing major upgrade?

Cc: Locodemy

DeRuggedProf:
Maybe na de FBNH wey dey there dey vex the bot....

Lol.
Same Fugaz got many banned, including me.

DeRuggedProf:
And you people no dey hear word, you are still typing the five letters abi?
Round two is coming.
The bot just went to take gala and do another thing....

I think the bot is not about FUGAZ but goes berserk when the letters are expanded to the full meanings; which is somewhat understandable.

ositadima1:
It appears that zone A-B (Support) and zone C-D (Resistance) are in play. If I am correct FBNH will be bouncing between this zones in the short term, with A-B ranging between 4.9 and 5, while C-D ranging between 5.25 and 5.7 .

The implications are that for a short term JIJO trader an entry at 5 would be ideal, stop-loss set at 4.65 (risk/reward ratio: 2:1) and take profit at 5.7 (15% profit). Already, one bus has left the park at swing point PSPL. Will it head to its destination or retrace to pick more passengers?

Notes: I came up with this support/resistance by anchoring to relatively significant price bars. A an B because those bars had volume expansion, C and D because the bar had a wider price spread as well as a high relative trade volume.

Some guys will argue that if price breaks 5.7 it will continue its up trend, well not necessarily. If price breaks 5.7 with less volume, 5.7 will be retested later and then give the guy who exited with profits a chance to re-enter again at a good price.

Great work with professional analysis!!!

RabbiDoracle:


Banks will breakout this June and July.

For 4 weeks, all banks have traded flat.

Even economies that are worst than Nigeria are having serious bullish stock market. It is imported liquidity that drives the market not fundamentals of the country. Though fundamentals of individual companies are taken into analysis.

Market will rise and rise fast.

Look at the fall of stocks:

In 4 weeks,

Zenith fell from 18.10 to 16.15.
GTB fell from 25.30 to 23.15
UBA fell from 7.25 to 6.40
FBN fell from 5.85 to 5.30

All in 4 weeks. This is too meagre to be call a bear. Bear ravages portfolios in only 1 week. When bear does 4 weeks, heat go don too much

This is a very strong bullish run loading after the unexpected consolidation.

Just my curiosity because of the bolded; does it mean banks and other manufacturing companies q2 results will be good, considering the fact that covid-19 locked down most people

Update:
Site is back online.
Remaining response to mail.

yMcy56:
Please is anyone able to log in to Mytradebook today?

BullBearMkt:

Just my curiosity because of the bolded; does it mean banks and other manufacturing companies q2 results will be good, considering the fact that covid-19 locked down most people

No, from what I understand, the q2 results may or may not be bad but due to all the free money floating in other markets, some is bound to find it's way here and thats what Rabbi means when he said imported liquidity though some school of thought here argue that the liquidity may not come after all because the FPIs may be concerned about being able to exit due to FX issues in the country.

dinyelutochukwu:

Something clearly needs to be done about this. So many reports in the last 48hrs.

I got banned for days just got trying to respond to meaning of f u g a z

PETERiCHY:


Audio EPS.
A stock that you their chief auditor saw the results and mistakenly sold.

A stock that traded at sub 80k when there was no Coronavirus let alone now that airline stock are taking a hit due to Coronavirus.

Even our almighty Buffett turn to JiJOist due to the pandemic.

WARNING! WARNING!! WARNING!!!
Anyone buying CARVETON above N1.00k is doing so at his or her own risk.

BARGAIN HUNTERS TAKE NOTE

Slowly but surely CARVETON will definitely get to our N1.00k junction after all their abracadabra.

PATIENCE is KEY

BARGAIN HUNTERS TAKE NOTE

Intendy:
Stocks with new 52 week lows

Caverton #2.00k

Triple gee #0.53k

Stocks with new 52 week highs

ABC #0.51k

Bua cement #44.00k

BUA gunning for Forbe richest list come 2021 while making BARGAIN HUNTERS PROUD

Please,i lost my share certificate but have the receipt i used to purchase the shares. Now,their stockbroker are asking me to provide shareholder's account number on share certificate which i cannot remember because i used the account last about twelve years ago. Please what can i do?

RabbiDoracle:
Just got released after a ban for explaining the meaning of a banking acronym (fugaz). I think the owners of this site needs to overhaul their system. Many members were banned for trying to explain something.

OGG was even banned yesterday for replying to Fxuser post.

Mmmmm

Same Sir. ....



Now afraid to response to things now

Banned after explaining the meaning of FUGAZ...


Hope I have not been banned for responding to you. ......


Lol

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/30612_JAPAUL_PLC_-_AGM_CORPORATE_ACTIONS_JUNE_2020.pdf

Japaul the Gold digger.

The COFFIN (JAPUAL) has finally been locked and keys thrown into RED SEA.

Anyone still trapped in this JEGEDE KALOKALO COFFIN after our numerous warnings have themselves to BLAME and not LUCIFER

RabbiDoracle:


Banks will breakout this June and July.

For 4 weeks, all banks have traded flat.

Even economies that are worst than Nigeria are having serious bullish stock market. It is imported liquidity that drives the market not fundamentals of the country. Though fundamentals of individual companies are taken into analysis.

Market will rise and rise fast.

Look at the fall of stocks:

In 4 weeks,

Zenith fell from 18.10 to 16.15.
GTB fell from 25.30 to 23.15
UBA fell from 7.25 to 6.40
FBN fell from 5.85 to 5.30

All in 4 weeks. This is too meagre to be call a bear. Bear ravages portfolios in only 1 week. When bear does 4 weeks, heat go don too much

This is a very strong bullish run loading after the unexpected consolidation.

Am with you Sir......


FUGAZ has nowhere to go, but Gas upwards

Since early 2018, NSE has largely diverged from NYSE and S&P 500 (and other major markets i believe). In March 2020 almost all exchanges in the world took same pattern because of twin factors of COVID 19 and global oil prices. However, it appears that the divergence between NSE and at least NYSE/S&P 500 has resumed. Something concrete and unique needs to move NSE away from being flat or declining and it wont be the stimulus package announced in USA or Europe. There are still many issues holding the index down. I believe at best it would recover to January 2020 level and trade flat till there is concrete regulatory action to attract that stimulus money.....or some other action that nobody can predict for now.

For now I hope for the best but prepare for any eventuality. For those traders (not long term folks) who bought the dip in March 2020, I just think its wise to take some profits now. If eventually prices shoot up, folks will be in quick order to use cash and catch it as it goes up. It it doesn't, you wont loose much. You can also watch out for that one or two maverick stocks that will make folks laugh to the bank between now and December.

***Not an advisory. Just my random thoughts.

Additionally, "locals" with capacity to move the market seem to be very satisfied with risk adjusted returns they are getting from government and corporate bonds as these are routinely oversubscribed in multiples. FPIs cant get out so they are happy to play along till the door is open. In a situation they have found themselves, they are opting to be exposed to only currency risk with guaranteed income rather than take a combo of currency, price and market risk.

When they do decide to take on price/market risk, everybody will know. That should be the time for retail investors to tag along and deploy additional cash. For now it will be long and nervy waiting game for all.

TLAX:
Since early 2018, NSE has largely diverged from NYSE and S&P 500 (and other major markets i believe). In March 2020 almost all exchanges in the world took same pattern because of twin factors of COVID 19 and global oil prices. However, it appears that the divergence between NSE and at least NYSE/S&P 500 has resumed. Something concrete and unique needs to move NSE away from being flat or declining and it wont be the stimulus package announced in USA or Europe. There are still many issues holding the index down. I believe at best it would recover to January 2020 level and trade flat till there is concrete regulatory action to attract that stimulus money.....or some other action that nobody can predict for now.

For now I hope for the best but prepare for any eventuality. For those traders (not long term folks) who bought the dip in March 2020, I just think its wise to take some profits now. If eventually prices shoot up, folks will be in quick order to use cash and catch it as it goes up. It it doesn't, you wont loose much. You can also watch out for that one or two maverick stocks that will make folks laugh to the bank between now and December.

***Not an advisory. Just my random thoughts.

Looking at ur chart I see the deviation clearly, I also noticed something else, some months before the crash, precisely from October 2019, NSE Index was growing quite rapidly, faster than any other previous interval on the chart. Maybe, if covid-19 never happened it might have continued. My thoughts.