Toluway:

I mean I diversified portfolio.
You're right in your observation.
No one knew those stocks would not move though.
That if they are actually healthy ones

BUACEMENT, NIDF, VFD, ETRANZACT, CONOIL... not all 20 fit the "healthy" criteria.
I do agree with your point, "fundamentally sound" is the key phrase that truly matters.

Una well done, I'm going on holiday. Pray to come back soon. GTB, Presco, Zenith. Gambling Cham.

mikeapollo:


The oil and gas sector is not a ''wait-and-get'' sector. It is a capital intensive one with long gestation period. It is also a very volatile sector.
The benefits of govt policy decisions may not reflect immediately.
Some of the benefits of what this current government is doing may not reflect now. It may take several years to materialize. Similarly, some of the improvements we see today are not the handiwork of this current govt.
But the most critical instrument of change in the industry has been the PIA. It has attracted more investors to the sector because of the clear operational and legal frameworks e.g. the establishment of regulators NMDPRA, NUPRC, domestic crude obligation, product pricing, industry dispute resolution etc. are guided by the PIA 2021. And these are some of the major factors that attract investments to the sector.

Okay, let's agree you are right. Which major O&G investments did Buhari attract that are now responsible for the improvements today, because all these agencies have been in existence since September 2021, yet O&P dwindled? What about the security situation?

Locotrader:
Getting sweeter today.
Next week na breakout.
N3 -N3.30 by next weekend.

. Loco don start. Amen sha. I dey inside bus since N1.93 - N1.97 after your call

lionshare:
Okay, let's agree you are right. Which major O&G investments did Buhari attract that are now responsible for the improvements today, because all these agencies have been in existence since September 2021, yet O&P dwindled? What about the security situation?

Yes, you are right that security is another big challenge.
I recall some security analysts say that Buhari gave contract to Tompolo to secure the pipelines.
This Tinubu govt is also trying to engage Niger Delta community elders to see how to improve the security situation, which is good.
Don't also forget the effect and impact of COVID-19 some few years back
The truth is the PIA is helping to attract more investments in the oil and gas sector by providing clear guidelines and framework for seamless divestments, acquisitions e.g. Chappal Energies-Equinor, NAOC-Oando, Mobil-Seplat etc.
Many more acquisitions will take place soon because there is better understanding and less confusion in the process due to the guiding framework, incentives, mechanisms in the PIA e.g. Shell - Renaissance Group
The law was even used as an excuse by the current govt to remove oil subsidy; that should tell you how influential it has been for sometime now,

Toluway:

When did you start talking like this??

Sorry. He should not have said what he said.

UBA knocking on N40's door

SonofElElyonRet:
UBA knocking on N40's door

Access Bank also seems attractive at N28.
With GT and Zenith at N50+, Access should be clocking around N40-N45.

veecovee:
seems ASI has broken away

Next week go bull die

Not in front of my chart atm, however last i looked, it looked like an ending diagonal for a triangle was forming.

mikeapollo:


Hi Prophet,
Please we are expecting the new gem that you promised to release sometime ago.
Give us what we can buy to make some money (not Oando).

No more prophetic utterances on OANDO again?

Locotrader:


Kindly stay connected with ICT stocks.
Cwg
E tranzact
Chams
This bull has been rotating from sector to sector.This time,ICT sector is sighted.
To be conservative,they will deliver 100% from the current prices.

Some people said Etranzact is illiquid.If Golden guinea was able to move from N3 to N8.60 in days,Etranzact will do better.

Crossing the 7 Naira mark, has been the greatest hurdle for ETranzact. If it can break out of the N7.00 region, I see it reaching N10+ very soon.

PuristForest:
Not in front of my chart atm, however last i looked, it looked like an ending diagonal for a triangle was forming.

The market (NGX-ASI) closed on a strong bullish "statement" this week, though yet to break away as Pastor suggested. I think the ending diagonal will depend on the timeframe you are analysing from.

SAK:
No more prophetic utterances on OANDO again?

I want him to give us something new.
He has been consistent on Oando, and anyone who is interested should be in by now, I guess.

Sunrisepebble:
Amen. I think @Xidget should have made 60+% now because he bought when I first mentioned.

Have your exit junction in mind o. I have mine

Wanted to do Jijo but wasn't able to get back in. It is well

Abeg, spot another one

That's where FBNH is going. Now at N33.

SonofElElyonRet:
UBA knocking on N40's door

Raider76:
That's where FBNH is going. Now at N33.

FBNH will take us places. Anything ote$ touches becomes money.

BullBearMkt:

The market (NGX-ASI) closed on a strong bullish "statement" this week, though yet to break away as Pastor suggested. I think the ending diagonal will depend on the timeframe you are analysing from.

Ideally it's a cup and handle formation on the weekly/monthly but then, the negative divergence

Agbalowomeri:


Ideally it's a cup and handle formation on the weekly/monthly but then, the negative divergence

Good observations! -ve divergence, in the face of strong price and volume, will eventually mellow out and cash up with Price & Vol later.
...in the market, anything can happen sha! Never say never!!!

Ekuu Mkt o

ooh let me go check my January 1st TA prediction

currentprice:
from the angle of TA. banking index looking good to breakout.. I see banking stock likely do very well this quarter.

any idle cash can benefit from this... just look for any of the banking stock that underperforming relative to its peers.

anyway if what I saw on TA is correct, BULL may likely shows in the market as i dont expecting bank to move solo

this post is purely based on TA, may be my eyes is yet to get clear from the hangover stuff. pls consult BullBearMkt for clarification

look like d first quarter is doing good. yet again we shouldn't write off the negative divergence as pointed out by oga Agba. next month is crucial. fingers cross

Locotrader:
Getting sweeter today.
Next week na breakout.
N3 -N3.30 by next weekend.

Loco don't let the "whoever" that held it at 2 for a while hear this. He may still have many bags in stock

ojeysky:


Loco don't let the "whoever" that held it at 2 for a while hear this. He may still have many bags in stock

Chams trading setup this time is saying otherwise.Next week we move.

Did you receive this letter to shareholders?
Good to see Chams is in business with Afrigo.
The 2024 key heighights shows 2025 gonna produce good results.

The ⭕ area is 23kobo EPS not N23

I have been busy in my major business today.Going through this thread I just laughed in French. So if you say anytime negative about TPain.It brings your mama and papa into the wahala.
No wahala I like vawulence. Una go hear plenty things way dey negative about Tpain.Make una dey ready for insult to our past 10 generations and future 10 generations .I no get good mouth naturally and it is a hobby..lol
TPain go collect well.Infact na Saturday and Sunday go be my target so that I will have all the time in the world

We shall see what will happen next week

Raider76:
That's where FBNH is going. Now at N33.

D only reason FBNH is in my portfolio
is because of Otebaba...
That N40 is non negotiable ...

Streetinvestor2:
I have been busy in my major business today.Going through this thread I just laughed in French. So if you say anytime negative about TPain.It brings your mama and papa into the wahala.
No wahala I like vawulence. Una go hear plenty things way dey negative about Tpain.Make una dey ready for insult to our past 10 generations and future 10 generations .I no get good mouth naturally and it is a hobby..lol
TPain go collect well.Infact na Saturday and Sunday go be my target so that I will have all the time in the world

Did you receive the letter above?

Locotrader:


Did you receive the letter above?

Yes I did bro.I was planning of adding few units today but was to busy to even check the market .I wanted to round up a figure in my portfolio.I Iike what they did with telecoms and the banks The are getting new businesses and the expansion to other African countries is good development

I just saw appreciation in wapco as I just checked price for today.It looks they want to give us good news

PuristForest:
Not in front of my chart atm, however last i looked, it looked like an ending diagonal for a triangle was forming.

These are very powerful candles, even though 106k has not yet been broken yet, the strength of these candles say a lot, also structurewise, it seems to have printed a (1)(2), (1)(2) sequence which is good bull action and not a triangle structure formation....if we get a decisive break of 106k, then it opens up room easy for wave 3 @ 130k which is 261.8 fib of wave 1 at 54k and that will be around october meaning that we will see a considerably strong Q2 and Q3 for the most part...but i will wait for that break first before any other action..enjoy.

Streetinvestor2:
Yes I did bro.I was planning of adding few units today but was to busy to even check the market .I wanted to round up a figure in my portfolio.I Iike what they did with telecoms and the banks The are getting new businesses and the expansion to other African countries is good development

I just saw appreciation in wapco as I just checked price for today.It looks they want to give us good news

For CHAMS,
I am expecting a wonderful Q1,2,3 and 4 results in 2025.
There are also series of news for expansions in 2025.Some of the news when announced will double the price from its current price.

💯 Chamified

Willie2015:


D only reason FBNH is in my portfolio
is because of Otebaba...
That N40 is non negotiable ...

And he will deliver the bank from the evil forces holding it down.


Make First Bank great again

PuristForest:
These are very powerful candles, even though 106k has not yet been broken yet, the strength of these candles say a lot, also structurewise, it seems to have printed a (1)(2), (1)(2) sequence which is good bull action and not a triangle structure formation....if we get a decisive break of 106k, then it opens up room easy for wave 3 @ 130k which is 261.8 fib of wave 1 at 54k and that will be around october meaning that we will see a considerably strong Q2 and Q3 for the most part...but i will wait for that break first before any other action..enjoy.

This must be all these candles they use in white garment churches to lie..lol
The reading from the candles is changing from the last that says after 108k na bear that will end negative of 100k for the yr.
Watin all this 10% jijo dey bring fit make new person into this business confuse .
You sure is not the smoke from this particular candles that Tpain is dragging in that is making him incompetent..lol

Lol. N40 may even be conservative. Recall that there was a time last year when FBNH briefly caught up with GTCO? Wait until Ote's fight to recover FBN's money from big time loan defaulters begin to succeed.

Willie2015:


D only reason FBNH is in my portfolio
is because of Otebaba...
That N40 is non negotiable ...