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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11768272 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by kintus(m): 8:53pm On Jun 22, 2023 |
yMcy56: FA and TA still the best bet for picking up any stock. We have some bag holders today because they failed to apply some of this rules. |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 9:28pm On Jun 22, 2023 |
locodemy: I have reported him to the moderstors 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Dammlonge: 10:34pm On Jun 22, 2023 |
I appreciate ma, you have really assisted me ma yMcy56: 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Dammlonge: 10:36pm On Jun 22, 2023 |
I appreciate ma, you have really assisted me ma yMcy56: 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by chunkuli: 12:30am On Jun 23, 2023 |
what is your pt for it? Zagee: |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 7:17am On Jun 23, 2023 |
With AIRTELAFRI we can earn dividends in dollars.
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Re: Nigerian Stock Exchange Market Pick Alerts by Zagee: 7:26am On Jun 23, 2023 |
chunkuli:Disregard. It's still 0.5 |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 7:32am On Jun 23, 2023 |
3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 8:03am On Jun 23, 2023 |
LAFARGE CEMENT STOCK PRICE MAY LIKELY BE EYEING ABOVE 39 A close above 26.75 level (by June ending) is may be preparing Lafarge stock price for a bullish momentum towards 39. If the cement company able to "cement the floor of 26.75 very well", then the target will be the ceiling PLAN YOUR TRADES AND TRADE YOUR PLANS 2 Likes 1 Share
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Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 8:10am On Jun 23, 2023 |
YOU COULD POSSIBLY DOUBLE YOUR INVESTMENT IN UACN STOCK Already mentioned on the platform by another analyst. This is however, true. Lower risk with high reward PLAN YOUR TRADES AND TRADE YOUR PLANS 1 Like 1 Share
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Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 8:18am On Jun 23, 2023 |
BullBearMkt: Dangote Sugar nko? |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 8:51am On Jun 23, 2023 |
emmanuelewumi:Dangote Sugar's outlook is looking very sweet -Just made a new high, but is getting battered by sellers. Let's see how the month end to decipher buyers/sellers sentiments -Price in previous sellers level. Needs bullish sentiments to get it close above 24 -Inching fingers, IF price mistakenly get to 22, it's a BUY between now & June ending Let's review this after June ending...on watchlist already! What is the intrinsic value for Dang Sugar? 1 Like 1 Share
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Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 9:01am On Jun 23, 2023 |
BullBearMkt: Over N44 |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 9:04am On Jun 23, 2023 |
emmanuelewumi:Great!!! |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 9:24am On Jun 23, 2023 |
BullBearMkt: Q2 performance will determine the next support level. Prior to the release of Q1 result in April it was selling for about N15 and N16 |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 10:15am On Jun 23, 2023 |
Chams to the moon?100% dusted 200% loading Japaul to the moon?100% dusted 200%loading IB we are watching you. This one is bumper harvest in return.Time will tell 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 10:23am On Jun 23, 2023 |
BullBearMkt: From the first chart below, which spans from 2015 to the present date, UACN appears to have many mini support/resistance levels around it, with 12 being the furthest apart. If I ignore the low trading volumes, I would target 12 for a 20% return. We can also see other support/resistance levels at 16.39, 20.78, and 41.97. However, the low volumes and not-so-good fundamental analysis (FA) make these levels very unlikely. The second chart shows a close-up starting 2022, and it captures a support/resistance level at 11.14 for a 10% return. The red arrow shows where I would have entered based on my LRI, MA10, and MA20 indicators. The table shows the annual returns, annual best (which implies buying at the low of the year and holding until year-end), compounded returns, lowest prices, the month in which they occurred, and the volume traded in billion units. Again, we can see that the traded volume is not impressive (0.11 billion compared to 0.63 billion from last year), even though we are in the sixth month of the year. Based on the pattern of the last few years, I would have known that below 9 would have been a good entry point. The last chart is more of a trading buy/sell engine using Keltner Channels and moving averages (MAs) as a mean reversion strategy. The Keltner Channel has a 42-day period, and the MAs are 10 and 20 days. I would have entered on the red arrow, with the MA10 above the MA20, the closing price below the lower band, and I would probably exit when the MA20 is above the MA10. 1 Share
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Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 10:28am On Jun 23, 2023 |
The red and yellow vertical lines on the first chart indicate points where volume was considerable. The red line represents points where the volume was over 5 standard deviations of the last 200 days' mean volume, and the yellow line represents points where the volume was between 3 and 5 standard deviations of the mean volume. |
Re: Nigerian Stock Exchange Market Pick Alerts by Elsueno: 10:30am On Jun 23, 2023 |
Imagine buying fTn at 0.30 something kobo & jaiz at 0.50 something ...NSE fit suprise person sometimes sha |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 10:30am On Jun 23, 2023 |
ositadima1:? |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 10:45am On Jun 23, 2023 |
Mpeace: Finally, Fidson is doing me good. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 10:52am On Jun 23, 2023 |
ositadima1:Congrats. I had it before but sold before this gain. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 11:00am On Jun 23, 2023 |
ositadima1:...what is/are the conclusion(s) of your analysis? 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 11:08am On Jun 23, 2023 |
BullBearMkt: Apart from stating my possible entry point, I think a 10-20% return is possible in the near term, but doubling investment may be difficult given the current observations. I could be wrong, of course. |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 11:09am On Jun 23, 2023 |
ositadima1:Nice 1! then, long term? |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 11:25am On Jun 23, 2023 |
BullBearMkt: The support/resistance levels at 16.39, 20.78, and 41.97 correspond to price returns of 64%, 108%, and 320% from 10, respectively. While it is said that prices do return to these levels, this is not guaranteed and depends on future events that I cannot predict. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by NewBola: 11:28am On Jun 23, 2023 |
My Ogas in the house, please how does Wemabank compare with FCMB? |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 11:54am On Jun 23, 2023 |
ositadima1:...that's fair @ositadima1. Because I like it simple, I mostly rely on price and volume. Let me show you (no vex, I no fit teach u o). Below is UACN line price/volume chart: -Distribution: Since price started declining in 2013, price has never made Higher-high and higher-low until 2019 till date. That is strength in price - Between 2019 - 2022 when price shows strength, volume rises above average. That simply implies, smart monies were buying at the low as people rejecting the stock (accumulation). -Now, we have what is called BULLISH ORDER CANDLE established at between 8 and 8.90. This means, smart monies will MOST LIKELY not allow price to go below this level again (This level is a BUY) -Long-Term: Except the company is liquidating/folding-up, else long term (>2 years) will touch the levels you mentioned. Example, attempt was made in May 2022 when price touched 15! That is TA!!! 1 Like 1 Share
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Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 12:21pm On Jun 23, 2023 |
...just an example, below is the chart for Guinness stock. -Label "2" is the exact scenario of what is going on now with UACN. That is TA!!!
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Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 12:23pm On Jun 23, 2023 |
BullBearMkt: Oga BBM, nawao. You no wan teach me this work. Yes, I saw the accumulation on the OBV chart and the vertical lines showing days with exceptional volumes. I also saw that the price maintained a narrow range in the other chart. I believe you, but there will be enough time to enter when the movement begins. 1 Like
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Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 12:37pm On Jun 23, 2023 |
NewBola:In my opinion, I'll say hold on for now......both are in same category... |
Re: Nigerian Stock Exchange Market Pick Alerts by NewBola: 1:35pm On Jun 23, 2023 |
yMcy56: Yes ma. I noticed they have recently both gone up considerably. I was just wondering which one might hold more value. |
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