RabbiDoracle:
PMB is still the president o. Why don't you wait till he steps down?

I wonder o.

rebekah2011:
Where are the Elders of NSEMPA? This is the time to encourage the fainthearted ooooo. Should we average down or wait to bail out when the market rebound. I feel like putting school fees into this market for short term gains but I am not sure if I will not bite my fingers.

Don't let your short time strategy turn to looooonnng time o.
If you have free cash you can use it to do short time,with good emphasis on stop loss...if the trade goes against you , you can easily cut your losses and move on but please don't use your school fees.

On a lighter note, hope you are not holding more than is necessary of banking stocks because they are cheap

Thank you so much for all the Elders that intervened in preserving the school fees of my children. God bless you all.

I have UBA and Zenith. the average price of purchase of zenith is 21.87 and UBA 7.45. My focus really was on both but I better keep the money for the purpose.

pluto09:



Don't let your short time strategy turn to looooonnng time o.
If you have free cash you can use it to do short time,with good emphasis on stop loss...if the trade goes against you , you can easily cut your losses and move on but please don't use your school fees.

On a lighter note, hope you are not holding more than is necessary of [b]banking stocks because they are chea[/b]p

Stocks with new 52 week lows
Gtb #27.90k International breweries #12.00k NCR #5.30k Eterna oil #2.70k

Intendy:
Stocks with new 52 week lows

Gtb #27.90k
International breweries #12.00k
NCR #5.30k
Eterna oil #2.70k

I can NOW believe we are entering bear bear
Na NOW d thing just dey start
GTB don join but d haircut still small
we are gradually getting to the END

MY TAKE ON GTB...
...I think the current situation on NSE should gladden investors cum traders alike, as stocks are now relatively cheap to buy. Looking at today's result, GTB was mentioned as one of the stocks with a 52 week low (thanks to @Intendy) and with the monthly outlook of the stock still looking bearish, more downside still anticipated.

Highlighted below are 2 zones expecting to see market reaction in an attempt to reverse the trend. At the bottom of Price Rejection 1, GTB would have lost close to 80% of its profits started in 2016. Any attempt for price to violate this level will indicate Price Rejection 2 will be inevitable - all upside rally eroded.

Technically, the area of liquidity void on GTB will be filled when the price falls to N26, so any other fall in price is a "jara"

Needless to say long term buyers could benefit greatly below Price Rejection 1 as indicated on the chart.

PLAN YOUR TRADES AND TRADE YOUR PLANS

BullBearMkt:
MY TAKE ON GTB...
...I think the current situation on NSE should gladden investors cum traders alike, as stocks are now relatively cheap to buy. Looking at today's

Oga BullBearMkt

Welcome back once again

wld appr8 if u can help with dis type of TA for other FUGAZ also and possibly the NSE in general

Dividend Yield getting better.

robobo:


Oga BullBearMkt

Welcome back once again

wld appr8 if u can help dis type of TA for other FUGAZ also and possibly the NSE in general

...thanks sir. I wrote some comprehensive write up of general NSE outlook on Saturday, but the system removed it. Since I don't keep my posts personally, I can't get it back. However, on FUGAZ, I will take a look & provide my opinions on them.

rebekah2011:
Thank you so much for all the Elders that intervened in preserving the school fees of my children. God bless you all.

My children own dey UBA ooohhh. Na ontop mountain I dey since........

BullBearMkt:

...thanks sir. I wrote some comprehensive write up of general NSE outlook on Saturday, but the system removed it. Since I don't keep my posts personally, I can't get it back. However, on FUGAZ, I will take a look & provide my opinions on them.

Ok wld expect for the other FUGAZ but its sad that the system deleted the general NSE analysis that you did

Thank you

@ meshpips

incase u....

below are those winners for the last 6 month. another one is coming up this month 20% on profit on d amount allocated

arduino:


My children own dey UBA ooohhh. Na ontop mountain I dey since........

BullBearMkt:
MY TAKE ON GTB...
...I think the current situation on NSE should gladden investors cum traders alike, as stocks are now relatively cheap to buy. Looking at today's result, GTB was mentioned as one of the stocks with a 52 week low (thanks to @Intendy) and with the monthly outlook of the stock still looking bearish, more downside still anticipated.

Highlighted below are 2 zones expecting to see market reaction in an attempt to reverse the trend. At the bottom of Price Rejection 1, GTB would have lost close to 80% of its profits started in 2016. Any attempt for price to violate this level will indicate Price Rejection 2 will be inevitable - all upside rally eroded.

Technically, the area of liquidity void on GTB will be filled when the price falls to N26, so any other fall in price is "jare"

Needless to say long term buyers could benefit greatly below Price Rejection 1 as indicated on the chart.

PLAN YOUR TRADES AND TRADE YOUR PLANS

Welcome back buddy!

I understand averaging down. - u bought high its going down u bought more. Oga AGBA which one is averaging UP again??

rebekah2011:
I have UBA and Zenith. the average price of purchase of zenith is 21.87 and UBA 7.45. My focus really was on both but I better keep the money for the purpose.

As the price keeps going down, they become more attractive and tempting.
Nobody knows how low they will go and that get to show how frustrating FA can be.

I have reached my allowable limit for a single stock in my portfolio with zenith, hence,I have stopped buying. There is still some room for more units of uba but I am not comfortable with a situation where banking stocks will be more than 70% of my stock holdings.
On the look out for other stocks in other sectors that are relatively cheap......

Investment Dilemma: Declining Yields Vs Crashing Equity Market
https://businesspost.ng/2019/08/01/investment-dilemma-declining-yields-vs-crashing-equity-market/

CWG Selects Adeyipo as Substantive MD/CEO
https://businesspost.ng/2019/08/01/cwg-selects-adeyipo-as-substantive-md-ceo/

BullBearMkt:
MY TAKE ON GTB...
...I think the current situation on NSE should gladden investors cum traders alike, as stocks are now relatively cheap to buy. Looking at today's result, GTB was mentioned as one of the stocks with a 52 week low (thanks to @Intendy) and with the monthly outlook of the stock still looking bearish, more downside still anticipated.

Highlighted below are 2 zones expecting to see market reaction in an attempt to reverse the trend. At the bottom of Price Rejection 1, GTB would have lost close to 80% of its profits started in 2016. Any attempt for price to violate this level will indicate Price Rejection 2 will be inevitable - all upside rally eroded.

Technically, the area of liquidity void on GTB will be filled when the price falls to N26, so any other fall in price is a "jara"

Needless to say long term buyers could benefit greatly below Price Rejection 1 as indicated on the chart.

PLAN YOUR TRADES AND TRADE YOUR PLANS

thanks boss

yok:
[b] MSCI still in ghost mode.
The speed of recovery from a fall depends on the height you have falling from. [b]Our bull seems to have fallen from a very high wall. The bull now has a broken leg. Therefore, if the bull show up at this moment, we are likely to see a limping bull

Chai! Una no go woundjure people finish for this market. Even if na crawling bull, make e come first.

meshpips:
By the time I am done with y'all in this thread, una go understand why I nor fit ever readily put my money inside NSE equities wey na "buy only" to come worsen the matter it is not leveraged.

Shebi una dey see as the profit dey enter small small? The account size is very small compared to amounts you guys use in trading stocks.
Na small small profit I still dey make but make we just remember say na from clap them dey enter dance.

This cracked me up.
If you no get mouth who will?
Memphis as someone called you, open a thread for this or locate Forex thread. You might even achieve your aim more than here cos you'll see those who understand your 'language' more perfectly and are ready to engage you there.

Mcy56:

This cracked me up.
If you no get mouth who will?
Memphis as someone called you, open a thread for this or locate Forex thread. You might even achieve your aim more than here cos you'll see those who understand your 'language' more perfectly and are ready to engage you there.

mercy go and bring the bull or else .

@ mesiphip

go and check forex thread and see how we quietly do it. no be by loud

https://www.nairaland.com/4934787/forex-trade-alerts-season-19/151#down

Hi please inbox me I buy all kind of gifts card

tritritri:
mercy go and bring the bull or else .

Abeg no bring that stone out cos I don dey fragile already, make we all hold BBM to produce the bull.
Hope you're holding up for that side. The good thing for your type is that once bull surface, na you dey enjoy am pass.

rebekah2011:
I have UBA and Zenith. the average price of purchase of zenith is 21.87 and UBA 7.45. My focus really was on both but I better keep the money for the purpose.

Zenith bank at that price is understandable,but that UBA seems a little high to me.Didn't you average down at all

Mcy56:

Abeg no bring that stone out cos I don dey fragile already, make we all hold BBM to produce the bull.
Hope you're holding up for that side. The good thing for your type is that once bull surface, na you dey enjoy am pass.

my sister, waiting i dey pass through worst pass loco own, ask yariya d kain olumo rock i hit her wey make her delet her acct.

lancee:



Sis Mercyllicious eku ise oo

That reminds me, what of Hispy?

@BullBearMkt, you are on point with your analysis. I have attached here my analysis on GTBank and I have strong reasons to believe a massive uptrend is in the works based on the day-chart in unison with other indicators.

Also, I strongly doubt if GTBank would get down to 26, which is below the major resistance line, unless 2Q results are disappointing, which I doubt.

Lastly, the 52 week low for GTBank is 26.65, which occurred on the 9th of July this year.

BullBearMkt:
MY TAKE ON GTB...
...I think the current situation on NSE should gladden investors cum traders alike, as stocks are now relatively cheap to buy. Looking at today's result, GTB was mentioned as one of the stocks with a 52 week low (thanks to @Intendy) and with the monthly outlook of the stock still looking bearish, more downside still anticipated.

Highlighted below are 2 zones expecting to see market reaction in an attempt to reverse the trend. At the bottom of Price Rejection 1, GTB would have lost close to 80% of its profits started in 2016. Any attempt for price to violate this level will indicate Price Rejection 2 will be inevitable - all upside rally eroded.

Technically, the area of liquidity void on GTB will be filled when the price falls to N26, so any other fall in price is a "jara"

Needless to say long term buyers could benefit greatly below Price Rejection 1 as indicated on the chart.

PLAN YOUR TRADES AND TRADE YOUR PLANS

Krisuba:
I understand averaging down. - u bought high its going down u bought more. Oga AGBA which one is averaging UP again??

Averaging down in a bear could be very frustrating
You will soon become exhausted
Not only that, the emotional torture of waiting endlessly for the bull which could take several months to even break even. So, instead the wise thing to do is to wait out the bear. Trust me a market that has been bearish since February last year will not just turn bullish over night. The index go siddon yakata for ground well well first.
The people who know how to study bottoms know when the first sign of a bullish breakout announce. Then you buy your stocks and you continue to top it up even as prices move up, hence the phrase 'average up.
The good thing about waiting to trade in a bullish market is that you improve your efficiency, make your profit faster and get out near market tops.