UPDATE ON ETI - Will ETI rally in the coming weeks...
As an update to my last post on ETI, during this past trading week, ETI price attempted to pass through its all time low, however this was rejected with the week ended in indecision candlestick.

The question is: will ETI rally in the coming weeks or what we have is a pause before bears continue the downtrend?

Risk: Major trend is downtrend and also the index is still down.

https://uk.tradingview.com/chart/ETI/qZrz9AQ2-Will-ETI-rally-in-the-coming-weeks/

PLAN YOUR TRADES AND TRADE YOUR PLANS

BullBearMkt:
...with all time low @ 7.02 in view, ETI is one of the stocks to watch out for. It will make some smart monies super rich! Remember Diamond Bank?

RabbiDoracle:


September ASI bullish periods.

It is even 2003(7%), 2005(5.1%), 2006(0.6%), 2007(0.6%), 2012(9.1%), 2013(1.6), 2015(1.2%), 2016.

Though it is more in October but every month can have a bullish surprise.

Informative!

lancee:
https://www.abokifx.com/news/nigerian-tycoon-jim-ovia-loses-64-million-as-zenith-bank-shares-plunge-forbes

lancee:
https://www.abokifx.com/news/nigerian-tycoon-jim-ovia-loses-64-million-as-zenith-bank-shares-plunge-forbes

OK .

ihedioramma:
:POK .

Will FCMB Support zone Keep Bears at bay?
In this critical bearish period on the NSE market, one of the stocks that is still "not following the general downtrend" is FCMB in the banking sector. For the past couple of weeks, 1.55 level have been rejecting any attempt for price to move the stock price below this level.

Will this level continue to keep the bears at bay or will it be violated?

A buy entry at 1.55 seems reasonable while the market continues its downtrend journey...

https://uk.tradingview.com/chart/FCMB/92kP0TLr-Will-FCMB-Support-zone-Keep-Bears-at-bay/

PLAN YOUR TRADES AND TRADE YOUR PLANS

BullBearMkt:
Will FCMB Support zone Keep Bears at bay?
In this critical bearish period on the NSE market, one of the stocks that is still "not following the general downtrend" is FCMB in the banking sector. For the past couple of weeks, 1.55 level have been rejecting any attempt for price to move the stock price below this level.

Will this level continue to keep the bears at bay or will it be violated?

A buy entry at 1.55 seems reasonable while the market continues its downtrend journey...

https://uk.tradingview.com/chart/FCMB/92kP0TLr-Will-FCMB-Support-zone-Keep-Bears-at-bay/

PLAN YOUR TRADES AND TRADE YOUR PLANS

I believe the two (fcmb and fidelity) will eventually join and trade between 1 and 1.20
Just gut

Agbalowomeri:

I believe the two (fcmb and fidelity) will eventually join and trade between 1 and 1.20
Just gut

...Agba, there is a possibility your gut analysis could be right, but if you noticed my stop loss, it is very deep. Later today, I will share another analysis I am studying too

BullBearMkt:

...Agba, there is a possibility your gut analysis could be right, but if you noticed my stop loss, it is very deep. Later today, I will share another analysis I am studying too

Thanks bro

4 Bank Stocks to keep in your watch list...
As the bears continue to intimidate the market with downtrend, many stocks are visiting their 52 weeks low while some their all time lows. However, in the banking sector, 4 banks held their heads above the banking index. When bears brouhaha is over on NSE, 4 bank stocks most likely to perform better than the market. Watch out for - Sterling, UBN, WEMA & FCMB. Not forgetting also ACCESS - but not on the chat just to make it "clean".

for better display: https://invst.ly/bogv0

That is why in my earlier post today, I made mention of FCMB of keeping the bears at bay as the support zone is proving strong...

PLAN YOUR TRADES AND TRADE YOUR PLANS

BullBearMkt:
4 Bank Stocks to keep in your watch list...
As the bears continue to intimidate the market with downtrend, many stocks are visiting their 52 weeks low while some their all time lows. However, in the banking sector, 4 banks held their heads above the banking index. When bears brouhaha is over on NSE, 4 bank stocks most likely to perform better than the market. Watch out for - Sterling, UBN, WEMA & FCMB. Not forgetting also ACCESS - but not on the chat just to make it "clean".

for better display: https://invst.ly/bogv0

That is why in my earlier post today, I made mention of FCMB of keeping the bears at bay as the support zone is proving strong...

PLAN YOUR TRADES AND TRADE YOUR PLANS

What do you think about their beta and how does it apply?

What I mean actually is that though they are very likely to outperform the market, I still think a few with significant depression in price might give the most return. I am not sure if beta relates to volatility but that's what I seem to have in my mind though can't remember reading anywhere

Agbalowomeri:


What do you think about their beta and how does it apply?

What I mean actually is that though they are very likely to outperform the market, I still think a few with significant depression in price might give the most return. I am not sure if beta relates to volatility but that's what I seem to have in my mind though can't remember reading anywhere

...Agba, when I mentioned "outperforming" the market, it does not mean they will necessarily be the leaders of their sector, but at times they are. What this means conservatively is that while the banking index is rising, the stocks will always rise above the index (market). We discussed this at length sometimes last year when I picked out either IBTC or Sterling outperfoming the market. At the end, I think through 2018, it happened to outperformed not only the banking index but also the banking sector.

BullBearMkt:

...Agba, when I mentioned "outperforming" the market, it does not mean they will necessarily be the leaders of their sector, but at times they are. What this means conservatively is that while the banking index is rising, the stocks will always rise above the index (market). We discussed this at length sometimes last year when I picked out either IBTC or Sterling outperfoming the market. At the end, I think through 2018, it happened to outperformed not only the banking index but also the banking sector.

Yeah I agree

Nigeria technically tested recession last week, and currently with little margin moves out from it. One may wonder what I mean by these.
1. 2019 budget kept crude oil bench mark at 58 dollar per a barrel, these means both capital project and wage bill allocation has to come from 58 dollar per a barrel.
2. Crude oil price visited 56 and 57 dollar per a barrel last week, meaning that Nigeria visited recession zone. Has it been that crude oil price remains in that 56 zone or even go below that, the implication is that Nigeria will find it difficult to fund their project and to pay wage bills. The money shared monthly during the FAAC meeting will reduce.

But as crude oil is moving up again, company that losses last might gain this new week.

lancee:
https://www.abokifx.com/news/nigerian-tycoon-jim-ovia-loses-64-million-as-zenith-bank-shares-plunge-forbes

only 64m i thought its 64b why mentioning. when ordinary investor dey loose 100m

yom2:
only 64m i thought its 64b why mentioning. when ordinary investor dey loose 100m

In dollars ooo

yom2:
only 64m i thought its 64b why mentioning. when ordinary investor dey loose 100m

Its 64m USD. sir

Investors should remain patient and avoid the perils of performance-chasing.
The best performing stock today could be the worst tomorrow, and vice-versa.
"the investor of today does not profit from yesterday’s growth"warren buffet.
investing is a marathon and not a sprint. If you have a five-year investment horizon, remember to keep a long-term view – don’t worry too much about your returns for the first few years. When it comes to investing, patience is rewarded.
The NSE has been one of the best in the past and now one of the worst in the world.
The market will surely return to it is peak. When?
No one can tell, Not even the crystal ball analysts.
No graph or waves could.
It could get worse, it could get better.
The intelligent thing anyone could do is to stay invested, accumulate more if you could.
Wishing you all a joyful trading week ahead.
HAPPY to announce the birth of my beautiful daughter.She arrived yesterday @23hr00.Both mum and baby are fine. A sign of the arrival of fruitfulness in Nigeria and NSE as revealed by Jehovah . May God bless our hussling. Our Labour in life shall not be in vain. Amen.
Help us to thank Jehovah Almighty for the beautiful gift from God.

@godlylifeoneart congratulations on the arrival of your baby girl. The good Lord will keep her and bless you parents with all round resources to take care of her

Congratulations guy on the arrival of your little angel. God bless your home

aremso:
My people where is peterich and ndidi oooo. Am missing octopus ooo

l dee o.l dee back seat de observe however wota pass garri for mi side
Thanks for asking .as u remember me
May God remember you.

Godlylifeoneart:
Investors should remain patient and avoid the perils of performance-chasing.
The best performing stock today could be the worst tomorrow, and vice-versa.
"the investor of today does not profit from yesterday’s growth"warren buffet.
investing is a marathon and not a sprint. If you have a five-year investment horizon, remember to keep a long-term view – don’t worry too much about your returns for the first few years. When it comes to investing, patience is rewarded.
The NSE has been one of the best in the past and now one of the worst in the world.
The market will surely return to it is peak. When?
No one can tell, Not even the crystal ball analysts.
No graph or waves could.
It could get worse, it could get better.
The intelligent thing anyone could do is to stay invested, accumulate more if you could.
Wishing you all a joyful trading week ahead.
HAPPY to announce the birth of my beautiful daughter.She arrived yesterday @23hr00.Both mum and baby are fine. A sign of the arrival of fruitfulness in Nigeria and NSE as revealed by Jehovah . May God bless our hussling. Our Labour in life shall not be in vain. Amen.
Help us to thank Jehovah Almighty for the beautiful gift from God.

chai you and my younger bros do d thing togeda?exactly d same time
God bless the mother.the baby and u
Congrats.

@Godlylifeoneart, Congratulations for the arrival of your beautiful baby girl. May the good Lord abide with her and your entire family.

Amen

BullBearMkt:
4 Bank Stocks to keep in your watch list...
As the bears continue to intimidate the market with downtrend, many stocks are visiting their 52 weeks low while some their all time lows. However, in the banking sector, 4 banks held their heads above the banking index. When bears brouhaha is over on NSE, 4 bank stocks most likely to perform better than the market. Watch out for - Sterling, UBN, WEMA & FCMB. Not forgetting also ACCESS - but not on the chat just to make it "clean".

for better display: https://invst.ly/bogv0

That is why in my earlier post today, I made mention of FCMB of keeping the bears at bay as the support zone is proving strong...

PLAN YOUR TRADES AND TRADE YOUR PLANS

You are a blessing

Thanking you all. May our joy be full. May the good Almighty God that restored the captives of zion restore our investment in NSE and other bourses to the green light.
Those that desire new babies will also have a reason to dedicate their babies to baba God by this time next year. Our labour in life shall be rewarding. Love you all

CBN Forex Exclusion Policy Dangerous to Economy—LCCI
https://businesspost.ng/2019/08/12/cbn-forex-exclusion-policy-dangerous-to-economy-lcci/

Pension Fund Assets Grow 10.28% to N9.33trn in Six Months
https://businesspost.ng/2019/08/12/pension-fund-assets-grow-10-28-to-n9-33trn-in-six-months/

Ponzi Scheme Promoters are False Prophets of Investment Environment—SEC
https://businesspost.ng/2019/08/11/ponzi-scheme-promoters-are-false-prophets-of-investment-environment-sec/

Why Investors Should SELL Unilever Nigeria, HOLD Dangote Sugar Stocks
https://businesspost.ng/economy/why-investors-should-sell-unilever-nigeria-hold-dangote-sugar-stocks/

BullBearMkt:
@Godlylifeoneart, Congratulations for the arrival of your beautiful baby girl. May the good Lord abide with her and your entire family.

Why is the arrival of this child corresponding to my release from "NL CUSTODY" ( Apologies to CP)?

@Godlylifeoneart, your problem is with Agba, not me oooo.
Congrats, ensure Agba does not attend the naming ceremony.....

DeRuggedProf:


Why is the arrival of this child corresponding to my release from "NL CUSTODY" ( Apologies to CP)?

@Godlylifeoneart, your problem is with Agba, not me oooo.
Congrats, ensure Agba does not attend the naming ceremony.....

Lol me wey be chairman of the occasion

Godlylifeoneart:
Investors should remain patient and avoid the perils of performance-chasing.
The best performing stock today could be the worst tomorrow, and vice-versa.
"the investor of today does not profit from yesterday’s growth"warren buffet.
investing is a marathon and not a sprint. If you have a five-year investment horizon, remember to keep a long-term view – don’t worry too much about your returns for the first few years. When it comes to investing, patience is rewarded.
The NSE has been one of the best in the past and now one of the worst in the world.
The market will surely return to it is peak. When?
No one can tell, Not even the crystal ball analysts.
No graph or waves could.
It could get worse, it could get better.
The intelligent thing anyone could do is to stay invested, accumulate more if you could.
Wishing you all a joyful trading week ahead.
HAPPY to announce the birth of my beautiful daughter.She arrived yesterday @23hr00.Both mum and baby are fine. A sign of the arrival of fruitfulness in Nigeria and NSE as revealed by Jehovah . May God bless our hussling. Our Labour in life shall not be in vain. Amen.
Help us to thank Jehovah Almighty for the beautiful gift from God.

Congratulations dear.