lolaluv1:

77k. I'm stuck.

Wait for their next pump and dump cycle. Once shareholders approve that private placement deal on the 5th of Oct, another round might happen. I could also be wrong. very wrong.

musty00:


Zenith has actually lost more (-34.80%) than Guaranty (-32.46%) from their respective highs.
Zenith is always ahead in terms of dividend yields, but Guaranty always rides on its bigger brand name (or supposed higher quality)
When there is serious bear and they have both been beaten down, I prefer Guaranty because:
1. Guaranty will give you higher price appreciation and also faster, and this will outweigh the difference in dividend yield
2. Guaranty is more resilient against price fall when bears show, thus providing enough room to bailout with one’s profit intact
But when the market eventually becomes stable, without any major bear in view, I prefer Zenith because:
1. Zenith offers many attractive entry and exit points, while Guaranty becomes stagnant and expensive
2. Zenith offers higher dividend yield
Summary: If we witness the likes of 2014/2015 bears, I will prefer Guaranty.

Musty00 I said let me wait for this to happen 3 times before I come give to kiss
Whoa you are very observant. 3 times GTB pick race leave zenith. Chia the race no be here and it’s ever between 2 to 3 naira difference in a day if guarant want to run.
We need more of this here.
Musty which other stocks do this same thing?

Another heavy supplier offloading again......na wa o.

.....another heavy buyer picked it up again........ the drama continues...

Seems Jim's boys mean biz today since book launch is tomorrow according to that oga.

fxuser:
Zenith
- rejecting its weekly low on vol and forming a weekly hammer
- noticed positive rsi div on the hrly timeframes (nt d most reliable)
- all indicates bearish fatigue at d moment


#BeFluid

Retracement or Reversal? With the market still bearish my guess should be retracement.

Possible play: watch out for price breaking above the hammer with take profit point at the next resistant level. Don't forget your stop loss.

Oya @fxuser come and mark my exam paper

General Mkt
Price Action
- strong rejection of lowest daily closing price week with some trading above opening prices on monday
- indicates bearish fatigue on d down trend (does not mean a trend reversal )
- it hw ur close d week dat matters

Infinitisi:


Retracement or Reversal? With the market still bearish my guess should be retracement.

Possible play: watch out for price breaking above the hammer with take profit point at the next resistant level. Don't forget your stop loss.

Oya @fxuser come and mark my exam paper

lollxxx . . . na u set question ohhh

mendes911:


Wait for their next pump and dump cycle. Once shareholders approve that private placement deal on the 5th of Oct, another round might happen. I could also be wrong. very wrong.

Thank you. It's just painful because I committed money I wasn't supposed to...butI guess I'll wait and see.

Infinitisi:
http://saharareporters.com/2018/09/14/breaking-kemi-adeosun-resigns-finance-minister

correct!

lolaluv1:


Thank you. It's just painful because I committed money I wasn't supposed to...butI guess I'll wait and see.

I guess you were trying to "trade" the stock and not "invest" in it. Re-adjust your mindset and believe their last result and the reported performance/earnings, for if the result is what they said it is, you haven't made a bad trade at all.

You will surely feel better and wait for when to take off.

Adeosun Bows to Pressure, Resigns as Nigeria’s Finance Minister
https://www.businesspost.ng/2018/09/14/adeosun-bows-to-pressure-resigns-as-nigerias-finance-minister/

and ccnn,any news or is it the general falling?

owoblow77:
see as bears they make people provoke! well, we've all being there at one time or the other.

I don't know why BEARS always bring BULLISH ANGER on this thread.

Bnsitl, note that you have not lost money until you sell. However, if you happen to sell at a loss, pls take investment loss with equanimity.

Nigeria's Inflation Rises to 11.23% in August after 18th Consecutive Decline
https://www.businesspost.ng/2018/09/14/nigerias-inflation-rises-to-11-23-in-august-after-18th-consecutive-decline/

mendes911:


I guess you were trying to "trade" the stock and not "invest" in it. Re-adjust your mindset and believe their last result and the reported performance/earnings, for if the result is what they said it is, you haven't made a bad trade at all.

You will surely feel better and wait for when to take off.

Aiico quarterly results are not reliable o.
All those profits can disappear by year end.

pluto09:




Aiico quarterly results are not reliable o.
All those profits can disappear by year end.

Chief,

I was only proffering a solution that will cool her down at the moment. Do you think the share price wouldn't rally again if that PP is approved. That might provide a route for her to escape. She really had double mind when she wanted to make that purchase.......

mendes911:


Chief,

I was only proffering a solution that will cool her down at the moment. Do you think the share price wouldn't rally again if that PP is approved. That might provide a route for her to escape. She really had double mind when she wanted to make that purchase.......

You are right sir, the price will mostly likely rally again.

Was just trying to let her see all the possibilities so she can be adequately prepared for any eventuality....

Any opinion on Honeywell flour??

All d Big Caps

Top 5 by value were d countries investor toast and d biggest caps ( index gauge)
GTB >2bln
Zenith> 1 bln
Nestle > 0.4 bln
DangCem >0.15 bln
Nbrew > 0.1 bln

- a much welcomed slow down or breather from the bearish onslaught but the war is nt ovr

*Daily Market Summary September 14 2018*

The Nigerian Stock Exchange ended today’s session on a positive note, as the All Share Index closed at 32,327.57 basis points, up 0.95%. Year to date, however, the market remains in the red down 15.47%.


*Top Gainers and Losers*

*Gainers*

Nigerian Breweries was the best performing stock in today’s session. The stock closed at N92.50, up 9.99%. Honeywell Flour Mills closed at N1.39, up 9.45%. Unity Bank closed at N0.93, up 9.41% .


*Losers*

On the flip side, Cement Company of Northern Nigeria (CCNN) was the biggest loser in today’s trading. The stock closed at N22.60, down 9.96%. Linkage Assurance Plc closed at N0.59, down 9.23%. AG Leventis Plc rounds up the top three losers with a 9.09% decline to close at N0.40.


*Top Trades by Volume*

Guaranty Trust Bank led the top trades by volume with 68.7 million shares valued at N2.2 billion traded in 294 deals.

Zenith Bank was next with 51.8 million shares valued at N1 billion traded in 365 deals.

Transcorp Plc rounds up the top three traded by volume with 17.2 million shares valued at N20.4 million traded in 144 deals.

Rex123:
Any opinion on Honeywell flour??

Trend
- bearish (short, med , long )

Daily Chart
- indicates bearish slow down

Weekly chart
- confirms price rejection of d most recent 52 wk low wh was an area of support in 2016 (#throwback: price bounced by over 50% below heading back down to multi yr lows )

Monthly chart
- price is still below prev monthly closes and current monthly price open at 1.62

Summary
- bears still in charge, no clear reversal patterns but 1.27 seems like an area dat sparks interest


Dis:
cud be very very wrong sir .

Nbrew
weekly price action is a proper text book pin bar

(small body wt long legs loll, gtbank formed sumfin similar but hen leg no long reach , while Zenith get big body . pick ur spec wisely hahaha )

~justObserving

More on pin bars:
http://thepatternsite.com/Hammer.html
https://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=1101

fxuser:
Transcorp
- positive RSI div on d daily chart supports bearish slow down (similar to fidelity , diamond , fcmb even dangFlour)
- after d slow down comes the range mkt

Update
- SP breaks & closes above above 20dma 50dma
- positive RSI div on d daily holding up well sig dat bears losing their grip (other ex: fidelity, fcmb & be be lo )
- decent price action ard d 78.6Fib level (an important level)
- even weekly macd shows buy cross over though below d zero line
- daily macd in tandem with RSI
- good consolidation here

#Like

fxuser:



Trend
- bearish (short, med , long )

Daily Chart
- indicates bearish slow down

Weekly chart
- confirms price rejection of d most recent 52 wk low wh was an area of support in 2016 (#throwback: price bounced by over 50% below heading back down to multi yr lows )

Monthly chart
- price is still below prev monthly closes and current monthly price open at 1.62

Summary
- bears still in charge, no clear reversal patterns but 1.27 seems like an area dat sparks interest


Dis:
cud be very very wrong sir .

Thanks,

Looking for a short term investment, any ideas?

Rex123:



Thanks,

Looking for a short term investment, any ideas?

umm not at all sir

1) short term and investment dont go together in my trading style
2) also catching a good bounce in a bear trend is very tough , i'm not an expert in catching knives.
3) also d likelihood d trade won't meet ur ''short term'' rewards is very very high

but i understand u perfectly, me sef de look am with u but not from a ''short term'' view

aRE there any technical traders here --- we are obviously in a bear market this happens mostly every preceding election year, one reason is because politicians have to withdraw large amounts to buy tickets and sponsor their political activities , these leaves the market in shambles , i believe as the presidential election draws close there will be more bleeding , the global outlook is not looking bright either as the DOW is in ATH (all time high) is currently in distribution the current trump tax bill will hit negative returns soon and the dollar will plummet to save havens like gold, if the dollar plummets it will also affect the naira, at the current borrowing rate we might not have enough to foot bills, so it is logical to be on the watch for market . You will lose nothing shorting the market now an up move is a correction till market bottom.

fxuser:


umm not at all sir

1) short term and investment dont go together in my trading style
2) also catching a good bounce in a bear trend is very tough , i'm not an expert in catching knives.
3) also d likelihood d trade won't meet ur ''short term'' rewards is very very high

but i understand u perfectly, me sef de look am with u but not from a ''short term'' view

I appreciate your time and valuable input!

fxuser:



- SP breaking further

(dis MM hennn, very suspect guy )

Update
- price action here suggests a move (pls we all know d FA here is a major risk , strictly TA)
- price broke and closed above 10dma, 20dma , and even d 50dma
- unlike most , SP even closed above its monthly open, dis week open and even prev monthly close (issaa green month and week already)
- if u caught the bottom , u shud be up 40% in d past 4 wks (catching bottoms no easy , its a fools' game )
- is there further upside ?? i don't know
- will price breakdown from here ? i don't know
- someone said d MM here de work for EFCC lollx , abo na DSS

#JustObserving

currentprice:


pple will not see this now, but blood go rise if u say otherwise. checking the chart i agree with u boss. if not next week but very soon

but rate hike is coming again. chai!

Controversial person..................................

Northeastern:
Please where is rabbidoracle, he should come out hiding o

Talkactive.............. Let sleeping dog lie......................

Chibuking81:

get ready to see Transcorp at 70 kobo before general election, will you be surprise to see Zenith at #13, UBA at #5?

Wickedness............................ You for just insult Yayira directly instead of all this rubbish.

fxuser:
Nbrew
weekly price action is a proper text book pin bar

(small body wt long legs loll, gtbank formed sumfin similar but hen leg no long reach , while Zenith get big body . pick ur spec wisely hahaha )

~justObserving

More on pin bars:
http://thepatternsite.com/Hammer.html
https://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=1101

Well done sir, I really appreciate your contributions, very educative.