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Re: Nigerian Stock Exchange Market Pick Alerts by meshpips(m): 7:32am On Apr 24, 2020 |
RabbiDoracle: You are using Ichimoku with default setting (52 periods and its mid-point 26) on daily tf? That setting is to be correctly used on the weekly time frame. It is no co-incidence that we have 52 weeks in a year. Abi wetin you think? @rabbidoracle, nor allow me forcefully enlist you to take my course on technical analysis o! Stop falling my hand openly like this. |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 7:40am On Apr 24, 2020 |
meshpips: I know what you are viewing. You are expecting a double bottom on the weekly. But I am not seeing it. Meanwhile, I am looking at BTC. It has scaled my 7,200 price limit after which it will head to 10K. I am still waiting for it to smash that your limit of 7,638. A very strong support of 7K has been established. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by meshpips(m): 7:47am On Apr 24, 2020 |
RabbiDoracle: Okay sir. Let's allow the market do its thing. Enjoy the ride! 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 7:47am On Apr 24, 2020 |
When the elders are speaking, the learners pay rapt attention... #QuicklyPicksUpPenAndPaper... Oya continue... 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by modgba: 7:53am On Apr 24, 2020 |
Investors Lose N161bn Amid Attractive Bargains in Banking Stocks https://businesspost.ng/economy/investors-lose-n161bn-amid-attractive-bargains-in-banking-stocks/ CBN OMO Sale Booms Again, Traders Offer N324bn for N100bn Bills https://businesspost.ng/economy/cbn-omo-sale-booms-again-traders-offer-n324bn-for-n100bn-bills/ Dollar Shortage Devalues Naira to N430/$1 at Black Market https://businesspost.ng/economy/dollar-shortage-devalues-naira-to-n430-1-at-black-market/ NASD Exchange Index Remains at 700.73 Points https://businesspost.ng/economy/nasd-exchange-index-remains-at-700-73-points/ Crude Oil Prices Sustain Recovery as Iran Threatens US https://businesspost.ng/economy/crude-oil-prices-sustain-recovery-as-iran-threatens-us/ |
Re: Nigerian Stock Exchange Market Pick Alerts by PharmAlfred: 8:03am On Apr 24, 2020 |
Good TA input from RabidDoracle and Meshpips. Looking at TA, 2 people can be using same chart and seeing 2 or more different things. Overall, I think market will decide it's direction. From my end, I see prices have reached a new support level and would range or break out a bit. With the earning season here, I think we should expect some uptrend and consolidation. Opening up the economy and oil price recovering will help in the short term. If Covid-19 plateaus and decline in most countries, that should bring a new wave of optimism into the market. Overall, market may not reach new lows going forward. 6 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by meshpips(m): 9:34am On Apr 24, 2020 |
In this year 2020, Zenith currently has about 839 million units as net sell quantity. When supply exceeds demand, price goes down. Now, when you re-adjust the price by comparing this net volume with the total volume traded in 2020, you will obtain 16.59. This is the support of Volume Adjusted Price. The price could go slightly higher to the 16.35 level which I mentioned earlier this week but with the current realities for this week (no new high), this is not so probable. Even in the event of the commencement of a bullish move, the support at 11.90 needs to be contested and hold without putting in a new low for this year before we can say that the bulls have taken over. So, 11.90 is the first support level while 9.44 is the next. These are the two price levels at which erudite buyers will be waiting. 9 Likes
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Re: Nigerian Stock Exchange Market Pick Alerts by PharmAlfred: 10:01am On Apr 24, 2020 |
Re: Nigerian Stock Exchange Market Pick Alerts by veecovee: 10:07am On Apr 24, 2020 |
onegentleguy: i c |
Re: Nigerian Stock Exchange Market Pick Alerts by creategist: 10:11am On Apr 24, 2020 |
[quote author=onegentleguy post=88779354] Webinar by IMF, this morning. Key takeaways are as follows: https://www.thequint.com/news/webqoof/whatsapp-message-on-former-rbi-governor-raghuram-rajan-imf-webinar-on-covid-19-is-fake Thank you OGG for the selfless knowledge you continue to share with us. However just to keep information here accurate, the supposed IMF Webinar has been debunked (See link above). Also in the viral post (Again see link) references made were to countries like India and Indonesia not Africa. Thank you again for your selfless work. I appreciate you. |
Re: Nigerian Stock Exchange Market Pick Alerts by ebuka1997: 10:19am On Apr 24, 2020 |
onegentleguy: Or they might look at other countries beyond China. Other south-Asian countries if I were them I’ll equip myself to benefit from this because they have the expertise |
Re: Nigerian Stock Exchange Market Pick Alerts by Bomboclad: 10:26am On Apr 24, 2020 |
Both of you are right.... I literally mean it though. I would provide an explanation at a later date, for now, lets swing with the market. meshpips: |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 10:32am On Apr 24, 2020 |
UACN: Bids showed up, may end up not falling below 6/6.20........ Cautious trading in market, though overall looking up............we see how it goes..... 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by billtommy(m): 10:40am On Apr 24, 2020 |
house please, when is the markdown for fbn? |
Re: Nigerian Stock Exchange Market Pick Alerts by 1kinggy(m): 10:41am On Apr 24, 2020 |
meshpips: How do I enrol for your class on TA? |
Re: Nigerian Stock Exchange Market Pick Alerts by 1kinggy(m): 10:43am On Apr 24, 2020 |
PharmAlfred: You've just translated the charts to English. Thanks. 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Krisuba: 10:47am On Apr 24, 2020 |
billtommy: Firstbank already markdown few day back.from 4 .7 to 4 .30 I think!! |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 10:53am On Apr 24, 2020 |
author=creategist post=88795231] That's NOT true. Ur source may dispute the source of the write-up, but NOT the genuineness of the content. The content as put out, is clearly not in doubt !! Is it the part about Africa managing the curve a bit more and having a brighter chance of flattening it ahead of most countries in the western world? ...the WHO president confirmed this. Our weather and body mechanism gives us an edge. 2 days ago, Ghana reopened its economy, recording just 9 deaths and 99% recovery rate !! Is it about the part on " Discretionary Spending" My dear even u will prioritize health and take it a bit more seriously after now(if u weren't doing that before) Is it about the part of "Result of backlash against China" My dear Japan, Germany, Sweden and the US already began that... Google is ur friend. As I said, this will result to a possible strain on Globalization. Is about... I could go and on and on. Again, take ur time to read thru that report again. Perhaps the source of the report may not have come from the IMF(if that's ur assertion, then I agree) But that does NOT take away from stating that all the input therein are FACTS !! ...u do not need a soothsayer to tell u that virtually everything that was written therein is TRUE !! Between, some of the content of the write-up was also highlighted in my next article, titled; "A life after covid-19" which I started 2 days. Hopefully, I'll have the time round it off. Regards 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Bomboclad: 10:55am On Apr 24, 2020 |
Conductor, abeg who are we waiting for, this bus needs to move soon or I go come down oh! Driver, abeg talk to your conductor! |
Re: Nigerian Stock Exchange Market Pick Alerts by Bomboclad: 10:58am On Apr 24, 2020 |
I just saw something very interesting. I believe the ASI would reverse sooner than I thought and pleasantly; stay tuned! |
Re: Nigerian Stock Exchange Market Pick Alerts by Ibrahim505(m): 11:02am On Apr 24, 2020 |
PharmAlfred:Someone should help summarized this for us |
Re: Nigerian Stock Exchange Market Pick Alerts by dinyelutochukwu: 11:04am On Apr 24, 2020 |
Bomboclad:You echo my thoughts. The volumes required to drive the market either to Golgotha or Zion is lacking. However, we keep vigil to spot the bargains when they show up. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 11:04am On Apr 24, 2020 |
Bomboclad:Is it fbnh? Whether na train wey no gree full since. |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 11:08am On Apr 24, 2020 |
Ibrahim505: U can help us do that too. ...after all, the report is also written in English. 8 words in summary: Fundamentals intact. Asset underpriced. Great margin of safety. BUY !! CAVEAT: Due diligence still applies. 7 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by pluto09(m): 11:15am On Apr 24, 2020 |
onegentleguy: We should be careful not to take assumptions and insinuations as facts. Some of the things mentioned in the report are assumptions and not facts.. For instance, there is no empirical evidence to show that our body mechanism and weather give us an edge in Africa,they are all assumptions. What we know is that the virus arrived late in Africa and it will be too early to make any conclusion until we see the end of the pandemic. God help us. 9 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by PharmAlfred: 11:26am On Apr 24, 2020 |
Mcy56: It is still loading passengers. Accumulation on-going. Should take off next week all things being equal. |
Re: Nigerian Stock Exchange Market Pick Alerts by Bomboclad: 11:36am On Apr 24, 2020 |
Driver just told me its traffic jam, the bus is basically full, though some agberos are in front threatening to remove our spare tyre. PharmAlfred: 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by ukay2: 11:37am On Apr 24, 2020 |
pluto09: Very true Sir We are waiting and hopefully the flattening of this pandemic curve will come early in Africa. I want the pandemic Africa to disappear with other continents so that Africa will not be a testing ground for all Covid 19 researches going forward. May God help us all. Amen |
Re: Nigerian Stock Exchange Market Pick Alerts by Danniee(m): 11:39am On Apr 24, 2020 |
onegentleguy: Don show for 10.40 |
Re: Nigerian Stock Exchange Market Pick Alerts by ukay2: 11:39am On Apr 24, 2020 |
Please Oga RabbiDoracle and Oga Messhipps, How van I role in your CHART TUTORIAL COLLEGE. I really need to understand more chart reading and interpretations. .....na only small I understand for now. Thanks 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by IYGEAL(m): 11:40am On Apr 24, 2020 |
Bomboclad: Those spare tyre removing conductors are the worst kind of conductors |
Re: Nigerian Stock Exchange Market Pick Alerts by eziokwunwoko(m): 12:28pm On Apr 24, 2020 |
Sir OGG, But PAT,EPS decrease.i am confused onegentleguy: |
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