Thank you UACN for obeying the "clarion call".

This is what Oga Migiet calls Obene kwa kwa

Only 110 People Pay Above N10m in Taxes in Lagos–Sanwo-Olu
https://businesspost.ng/2019/10/02/only-110-people-pay-n10m-in-taxes-in-lagos-sanwo-olu/

FBN Holdings Begins Closed Period Today
https://businesspost.ng/2019/10/03/fbn-holdings-begins-closed-period-today/

Keystone Bank Launches ‘Growbiz Account Save and Win’ Promo
https://businesspost.ng/2019/10/02/keystone-bank-launches-growbiz-account-save-and-win-promo/

Zedvance Gives Zero-Interest Loans for Customer Service Week
https://businesspost.ng/2019/10/03/zedvance-gives-zero-interest-loans-for-customer-service-week/

TY Danjuma Quits as May & Baker Chairman, Wife Takes Over
https://businesspost.ng/2019/10/03/ty-danjuma-quits-as-may-baker-chairman-wife-takes-over/

Access Bank to Give DiamondXtra Customers Daily Cash Prizes
https://businesspost.ng/2019/10/03/access-bank-to-give-diamondxtra-customers-daily-cash-prizes/

Dangcem still drilling for oil.
N140 deep now and still searching.

Agbalowomeri:
This is what Oga Migiet calls Obene kwa kwa

And ValueFront calls it Park! Park!! Park!!!.

mendes911:


And ValueFront calls it Park! Park!! Park!!!.

The car park is filling up again

Congrats guys.

Index completed the daily manoeuvre. Thanks to Dangcement

Now it is time to fire up.

RabbiDoracle:
Congrats guys.

Index completed the daily manoeuvre. Thanks to Dangcement

Now it is time to fire up.

What about the panic period that do "usher" in the bull (or calf, as the case may be). You think this time will be an exception?

RabbiDoracle:
Congrats guys.

Index completed the daily manoeuvre. Thanks to Dangcement

Now it is time to fire up.

My oga

dipoolowoo:
Only 110 People Pay Above N10m in Taxes in Lagos–Sanwo-Olu
https://businesspost.ng/2019/10/02/only-110-people-pay-n10m-in-taxes-in-lagos-sanwo-olu/

FBN Holdings Begins Closed Period Today
https://businesspost.ng/2019/10/03/fbn-holdings-begins-closed-period-today/

Keystone Bank Launches ‘Growbiz Account Save and Win’ Promo
https://businesspost.ng/2019/10/02/keystone-bank-launches-growbiz-account-save-and-win-promo/

Zedvance Gives Zero-Interest Loans for Customer Service Week
https://businesspost.ng/2019/10/03/zedvance-gives-zero-interest-loans-for-customer-service-week/

TY Danjuma Quits as May & Baker Chairman, Wife Takes Over
https://businesspost.ng/2019/10/03/ty-danjuma-quits-as-may-baker-chairman-wife-takes-over/

Access Bank to Give DiamondXtra Customers Daily Cash Prizes
https://businesspost.ng/2019/10/03/access-bank-to-give-diamondxtra-customers-daily-cash-prizes/

HBP drugs will be WILL BE PROVIDED by M&B during next AGM

Last minute Abracadabra in Dangcem..... from 140 back to 151. These guys ehnnn, any 'light' person must not follow them.

EKUU MKT O

Mcy56:
Last minute Abracadabra in Dangcem..... from 140 back to 151. These guys ehnnn, any 'light' person must not follow them.

Shebi you told me something today during the early trading?

The truith ordinary me and you can't make it at NSE without Dem Dem(money bag)

Stocks with new 52 week lows
Guinness #32.90k
Unilever #24.65k
Beta glass #53.80k

yok:
STOCK MARKET GUIDE FOR 03 OCT 2019

MSCI did nothing, Index was down heavily , no surprise as the week opened near a resistance zone. Brent going below $60, the foreign funds may stay off.

I am fascinated the way some few equities are used to keep some traders in the market even when the big money knows that Investors cannot make money in that stock. At least there is[b] need to lure as many people into the market even if the 90% of the market participants will end up as losers.[/b] Is this manipulation!!! I don’t know? It may be a case of "BUYERS BEWARE"

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

Yok please explain the 'bolded'. I really would appreciate an illustration.

Agbalowomeri:


The market can remain irrational longer than you can remain solvent
---------John Maynard Keynes

If the odds go in your favour, I personally will confer a chieftancy title on you, at no cost.

locodemy:


My oga

There is something the index didn't show even when other stocks showed it on the H4 and daily around August 2019. Today it (ASI) showed it. Going lower than the previous low and being rejected.

Tomorrow if the big caps and other banks start to assist the index to further rise, that means that it is a V-shaped bullish run.

Mind you, other stocks are still going up or just Profit taking going on. So I'm not misrepresenting facts here.

I insist that the market is bullish.

Mcy56:
Last minute Abracadabra in Dangcem..... from 140 back to 151. These guys ehnnn, any 'light' person must not follow them.

It isn't Abracadabra. It was actually from 136.10 to 151.

It is called "Touchdown" and the reversal is called "homerun".

Happy independence bull

Any news about Nigerins?

RabbiDoracle:


There is something the index didn't show even when other stocks showed it on the H4 and daily around August 2019. Today it (ASI) showed it. Going lower than the previous low and being rejected.

Tomorrow if the big caps and other banks start to assist the index to further rise, that means that it is a V-shaped bullish run.

Mind you, other stocks are still going up or just Profit taking going on. So I'm not misrepresenting facts here.

I insist that the market is bullish.

I no understand this TA again o
Jokes apart, if it was 'rejection' then we should have seen a bullish reversal sign e.g. hammer, pin-bar etc
Did you also check the nse30 index?
New bearish surge
Fasten ya seat belt
Where is Oga BBM sef, me na gut-analysis I dey do Lol

Agbalowomeri:


I no understand this TA again o
Jokes apart, if it was 'rejection' then we should have seen a bullish reversal sign e.g. hammer, pin-bar etc
Did you also check the nse30 index?
New bearish surge
Fasten ya seat belt
Where is Oga BBM sef, me na gut-analysis I dey do Lol

Cool your temper na.

No be November you talk?

Agbalowomeri:


I no understand this TA again o
Jokes apart, if it was 'rejection' then we should have seen a bullish reversal sign e.g. hammer, pin-bar etc
Did you also check the nse30 index?
New bearish surge
Fasten ya seat belt
Where is Oga BBM sef, me na gut-analysis I dey do Lol

lol! we go review the data later today. E be like say daily sentiment is turning bearish o.

The remaining cash with me I reserve,not buying anything again till I witness the panic sell which will usher the bull we are talking about.Whether the bull comes in October, November or December,I strongly believe a big sell off will come before our foreign partners dive in.

As we await Bullbearmkt TA charts later today,everyone ought to be careful in buying to avoid -10% in our latest buy.

I'm currently sitting @ -5% in Fcmb which is my latest buy.Most of my old stocks are doing -15%,-25%,-7%,-13%,-30% and +18%.I still believe my portfolio will shed more blood before the arrival of the bull.

BEWARE OF ONE/TWO DAY HEAVY SELL OFF.

I cover the remaining cash with me with the blood of Jesus Christ.

Mcy56:
Last minute Abracadabra in Dangcem..... from 140 back to 151. These guys ehnnn, any 'light' person must not follow them.

They are the real "Ichimoku Pilots"!

Agbalowomeri:
Make una wait till Nov before roasting this bull o
We never ready

Hope you aren't considering shifting your goalpost next month?

veecovee:


Hope you aren't considering shifting your goalpost next month?

Which goalpost are u talking about Oga missionary?
I have always maintained that I will enter the market Nov end/early Dec 1st week
Anything wey happen after make e happen

swilo:


Yok please explain the 'bolded'. I really would appreciate an illustration.

I will say this is my personal opinion and is common in the market. You will see an equity that the financials are not good, but once a while the price will just be increasing without reason and as soon as you buy, you will find that you have bought into a losing stock.

See the chart below, compare it with the financials. Why should this stock be going up? Even if the company can perform magic, I don't see how one can make money buying such equity.

Indirectly, my emphasis is that we must do our homework, we should not buy a stock just because the price is moving up!!!. If we see that risk is too high, we should not buy.

This is likely to come up in periods that are close to earnings seasons like we are getting to very soon.

Q2 of this stock will be profitable but the other Quarters will be losses. Q1 also is always a loss but this year's own shocked me. The losses on another level.

yok:


I will say this is my personal opinion and is common in the market. You will see an equity that the financials are not good, but once a while the price will just be increasing without reason and as soon as you buy, you will find that you have bought into a losing stock.

See the chart below, compare it with the financials. Why should this stock be going up? Even if the company can perform magic, I don't see how one can make money buying such equity.

Indirectly, my emphasis is that we must do our homework, we should not buy a stock just because the price is moving up!!!. If we see that risk is too high, we should not buy.

This is likely to come up in periods that are close to earnings seasons like we are getting to very soon.

am new in this stock business, i just opened an online account at wealth.ng and I need to purchase some shares. please can i get any advise or someone to mentor me. thanks

Agbalowomeri:


I no understand this TA again o
Jokes apart, if it was 'rejection' then we should have seen a bullish reversal sign e.g. hammer, pin-bar etc
Did you also check the nse30 index?
New bearish surge
Fasten ya seat belt
Where is Oga BBM sef, me na gut-analysis I dey do Lol

ASI fell from 27,314. 87 and touched 26, 575.54. This was 2.7% fall today due to Nestle and Dangote Cement. Dangote Cement reversed all its losses and ASI ended up rejecting the low of 26,575.54. It closed at 27,085.69

Previous low around 16th August 2019 was 26,789.38.

Hence my stating that ASI went lower compared to the previous low (in August) but was rejected.

Match this with other tools and you will clearly see that ASI should be rising from here. Only the very big caps can drag ASI so low and so fast.

We will see soon if stocks will continue its downward trend (as you are forecasting) or will continue on its bullish course (as it had already done).

Boom https://af.reuters.com/article/investingNews/idAFKBN1WI0X8-OZABS Nigeria to charge banks $1.3 billion for missing loan deadline.

RabbiDoracle:


ASI fell from 27,314. 87 and touched 26, 575.54. This was 2.7% fall today due to Nestle and Dangote Cement. Dangote Cement reversed all its losses and ASI ended up rejecting the low of 26,575.54. It closed at 27,085.69

Previous low around 16th August 2019 was 26,789.38.

Hence my stating that ASI went lower compared to the previous low (in August) but was rejected.

Match this with other tools and you will clearly see that ASI should be rising from here. Only the very big caps can drag ASI so low and so fast.

We will see soon if stocks will continue its downward trend (as you are forecasting) or will continue on its bullish course (as it had already done).

My photographer should be able to give a clearer picture tomorrow but manage this today