ositadima1:
As for FBNH, the current pattern looks like an ABC (not sure if it is a zigzag or flat but definitely not a triangle) . Ok, so I overlapped the Fibonacci for the Internal retracement (0.382, 0.5, 0.618, 0.786), External retracement (1.272, 1.618, 2.618) and 3 point projection (0.618, 1, 1.618).

I found this price zones as high probability targets for wave C

Zone 1 : 8.46 to 9.12 (about 56% gain from current price)
OR
Zone 2 : 9.74 to 10.28(about 80% gain from current price)

Mind you, this values will take about 4 to 5 months to attain. Very possible gamble for midterm players.

Again do ur DD i may be very wrong.

Note, after point C a major price reversal usually occurs.

onegentleguy:


INTERBREW doing some folks proud.
...congratulations to all those who headed the call above !!
Coy has returned near 60% since then, and even more from its YtD low. Presently @ N6.44, up from <N3.

In this business, the importance of intermittent swapping at appropriate timing can not be overemphasized.
At other times though, a buy and hold strategy might just be what u really need to EXCEL.

There is still an opportunity in a few other coys as stated above.

Disclosure: NOT to be inferred to as any sought of recommendation. ...due diligence still applies as always.

meine:
In view of the current nationwide protests, I was tracking the market this morning to see if investors will activate massive dumping of stocks like Zenith so we can mop up like March.

Na lie ooo, no one is dumping. It seems people don wise up. Investors have rationalised that after sometime the youth will calm down.

Mcy56:
Contrary to some people's expectations that prices will fall, most stocks are still holding on to their prices while some are even appreciating.
It is well.
E Ku Market o.

Mcy56:
Contrary to some people's expectations that prices will fall, most stocks are still holding on to their prices while some are even appreciating.
It is well.
E Ku Market o.

Mcy56:
Contrary to some people's expectations that prices will fall, most stocks are still holding on to their prices while some are even appreciating.
It is well.
E Ku Market o.

anjilgreat:
Welcome back madam, hope you are doing better now?
In addition to your point on share prices not falling but rising, I think investors especially the short-termers have to be cautious.
If the protest becomes more violent before the end of the week, the economy may be negatively impacted as well as the stock market.

Mcy56:

Much better. Thanks Ma.

Concerning the protest, you're very correct Ma, though we don't pray that it turns violent but cautious trading is adviced and more importantly, individuals should re-align with his/her investment objectives.

I heard there's 7 more days to go....today inclusive.

Seunn11:
Welcome back Madam Money.
The market now is a situation of "A high tide lifting all boats"
Generally speaking, more upsides are still possible in many stocks.

onegentleguy:


"One of the cardinal qualities of reaping reward from the market is in the ability to know HOW to drive THROUGH the fears of other investors and WHEN to drive AWAY from their excitement.
...it sums up what should be the psychology of a wining investor !!"
~Sinclair

Hear this;
Now is the time "to know how to drive through the fears of..."
Yes, there'll be occasional pullbacks every now and then, but forward we shall move !!(overall mkt trend remains bullish)
...just be selective to ensure u permute from and align with the RIGHT/HEALTHY coys.

"When its time to drive AWAY from their excitement", u would quite possibly read the hand writing on the wall.
Then, ur next door neighbour, some mechanic workmen, plumbers and even market women will join the herd with excitement talking stocks.
From the Nsempa front, some folks might begin to justify and recommend unhealthy entities like AFRI INSURANCE, AUSTINLAZ, UNITY BANK etc as they join the rise in mkt trend.
...then, know that the end is near !!

Selah

Mcy56:
Wish to say a big thank you to all my B&SitL who prayed and wished me well; you did so well and I appreciate you all.
As I was reading I was saying AMEN and your show of love and concern really lifted me, the fact that the in-house Pastor capped it all gladdens my heart.
I give thanks to Jesus and return all Glory, Thanksgiving and Appreciation back to the Almighty GOD.
I thank you all.

*Please no need to reply on this mail so we don't derail the thread*

veecovee:


Gentle, pls can you tell one or more things about UBN

Its H1 is not too bad but it price is not favoured at all like other banks

onegentleguy:


Sorry, UBN is currently not on my radar.

Regards

Danniee:
Mr Peter, what is your advice on Guinness now?
It is Skelewu dance dey fear me oooo.

Princkez:
even me ooo...bought some at #18 this morning ...Oga PETER come and address us ooo plsss

Danniee:
Mr Peter, what is your advice on Guinness now?
It is Skelewu dance dey fear me oooo.

Princkez:
even me ooo...bought some at #18 this morning ...Oga PETER come and address us ooo plsss

veecovee:
Can someone say few things about Union bank UBN
It get as that stock dey move when it starts to move

Mcy56:

Why bought high?
Think it was still at 15 or 16 that day you asked?

Princkez:
i have been buying in tranches 13,14,15,16 and now 18

Mcy56:

I updated the first reply self.
Thought you went for it for JIJO or something.
Everything is risk taking anyway.
There's one thing I tried not to allow Nsempas do to me, Panic.
Watch as events unfolds and do the needful yourself. This is risk market, we win some, we lose some. Just to try and work around our wins more than our losses. Shikena.
See the same UACN they're waiting for at 3 or is it 2 or 1 naira self, it closes at N7 today. So, it's well.

Danniee:
Mr Peter, what is your advice on Guinness now?
It is Skelewu dance dey fear me oooo.