Bomboclad:
@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.

Agbalowomeri:


My brother laugh wan tear my belle as I see this your long uptrend line.
GTB will not fly on its own. It is subject to the master, the index.
It is not a waste of effort that oga Intendy is counting 52week low daily

Bomboclad:
@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.

tritritri:
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.

chillykelly86:


That reminds me, what of Hispy?

Valueinvestor:

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

currentprice:


In my own opinion, I don't think so. For my side based on my fair price valuation. Uba still cheaper than zenith at their currentprice.

Bomboclad:
No mind me, as a reservoir engineer by profession, we make long term predictions and as time/market moves, we tune and re-tune, so no mind the long uptrend. The market goes up and down to confuse and re-confuse investors, but it always has a destination.

currentprice:


In my own opinion, I don't think so. For my side based on my fair price valuation. Uba still cheaper than zenith at their currentprice.

BullBearMkt:
FUGAZ TECHNICAL ANALYSIS...
We have seen the outlook of the "G" part of the FUGAZ yesterday. Below are my observations for the remaining:

-FBNH
The stock likely to have found a bottom on daily at 5.56 with its low at 5.4. However the weekly is "trying" to locate its own low with price currently sitting on support created 2 years ago! Bears need more selling power to over-tune this level. Monthly is still bearish but the bears are looking tiring than when they began devouring the bulls.

We are more likely to see reversal to uptrend at the highlighted zone


-UBA
1 of the best out of the FUGAZ in terms of locating its bottom on daily & weekly. Stock might want to re-test 5.74 to see if the support can hold before weekly bulls dominate the market. As the general stocks on NSE, Monthly is still bearish and could force the price into the highlighted zone.

-ACCESS
Arguably the best! Established support at around 5.71 & keeps bouncing of this level anytime it is tested on both daily & weekly. Many Smart Monies will be smiling now trading short term We might likely see a touch within the highlighted zone as bears are still prevailing on monthly

-ZENITH
Daily and Weekly are still bearish, but daily bears are soften their claws gradually. Well, once the lower time frame dominated by bears, monthly will be "bearer" - pardon my grammar. In any case, market is expected to react within the highlighted zone on the chart.


The highlighted zones for the stocks indicate a very good level to buy & keep for long term "after market rejects the free fall".

PLAN YOUR TRADES AND TRADE YOUR PLANS

Valueinvestor:

Am actually not comparing zenith bank with UBA,obviously uba has a better/fairer, valuation and prospect (especially in term of capital appreciation) ,am just curious about his average price for UBA(7.45), Considering the fact that UBA 52wk low was around 5.45 (that a huge 36% difference),systematic average down would have been more appropriate,and probably bring the price down to a comfortable level(margin of safety)
A times buying on a scale down and selling on a scale up does the trick.
I still remain your humble student o

Agbalowomeri:


E be like na you dem employ as gateman for hellfire

Agbalowomeri:


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.

veecovee:

@currentprice give to the house like every oga dem don start to dey do here, for God loves a cheerful giver.

I been read your post few days which says "there is one stock here that will do this and that"

Pls give the house the expo like ORACLE, OGG, BULLBEAR, CHIBUKING, etc.

God bless u

currentprice:


let me post na before u open the gate of hellfire but dont throw me stone tomorrow dt i load and do house monkey business
hope you know that no stock is immune to the present Bear

the stock is jamace stock

note : plenty stock cheap right now on nse

currentprice:

fair price base on Q2 report alone is N39

though financial income jack it up but without the financial income the fairprice still not bad

they have good oxggen ^cash

Agbalowomeri:
Averaging down in a bear could be very frustrating You will soon become exhausted
So, instead the wise thing to do is to wait out the bear. .

currentprice:


ooh sorry bro for the misinterpretation of d post.. my eyes is clear now , was too high on 333 last night cos of awoof thousand of dollars looted on d other thread.d


Instead of you to pay tithes for the house,you went to drink 333 alone.Now you can seen the consequences of taking 333 alone instead of paying tithes here

BullBearMkt:
FUGAZ TECHNICAL ANALYSIS...
We have seen the outlook of the "G" part of the FUGAZ yesterday. Below are my observations for the remaining:


PLAN YOUR TRADES AND TRADE YOUR PLANS

currentprice:


let me post na before u open the gate of hellfire but dont throw me stone tomorrow dt i load and do house monkey business
hope you know that no stock is immune to the present Bear

the stock is jamace stock

note : plenty stock cheap right now on nse

Valueinvestor:

Am actually not comparing zenith bank with UBA,obviously uba has a better/fairer, valuation and prospect (especially in term of capital appreciation) ,am just curious about his average price for UBA(7.45), Considering the fact that UBA 52wk low was around 5.45 (that a huge 36% difference),systematic average down would have been more appropriate,and probably bring the price down to a comfortable level(margin of safety)
A times buying on a scale down and selling on a scale up does the trick.
I still remain your humble student o