WHAT TO DO IF A PLATFORM IS MESSING UP AND YOU SEE A GOOD OPPORTUNITY THAT DAY
My plan is to sell part of my DKNG on chaka and go more AI. But alas, chaka is down (but not out, we thank God we cannot lose our money and all our shares are in custody of drivewealth).

Okay, all I have to do is look at the chart pattern of some of my weak holdings (dividend paying stocks are example of slow movers, I want to have them in my portfolio, but if I see quick money in another set up, I will sell the dividend paying stock, but I know I will come back to it later or replace with another dividend paying stock). So today, I will use my other platform (the foreign one and do my trading, I am sure Chaka will wake up from sleep tommorrow, maybr chaka staff are on Salah holiday?, at least I know Trove use external Consultant to solve platform problem, so if the Consultant fails to show up on an holiday like this, we shift, let us remember theses are "LOCALS" you know what I mean, they are in 3rd world environment!!! ), just like the Yoruba song that says, ohun to solowo to fin n sunkun, to ba se talika ATI gbagbe e. Translation simply means theses are LOCAL Enterprises and you just know they have a low bar, we continue to wait for another Passfolio or MOOMO to show up in Nigeria.

So do no let us fret over inefficiency of our local APPS maybe with time they will improve if they survive long enough. [b][/b]

CHAKA PLATFORM HAS BEEN DOWN SINCE MARKET OPENING TODAY
This is bad.

But not a big surprise this is a LOCAL APP competing in a global business. I hope they come back soon. Even, SPROUTIFI that 8s about to change ownership has not been down like this. And SPROUTIFI will acknowledge that they know the APP has issues and you get assurance that they will rectify the problem.

So, let see how long it will take chaka to cone back. For now they seems the better of our local or just manageable platforms?

TARGET TECHNICAL ANALYSIS COMMENT ON EGLX
Why should I buy this stock? When the indicator is as below. There, may be other options like HUYA, DKNG etc.

Although, if we want to play Warren Buffet (buy and wait till momentum shows up, when momentum will show up is not known). However, if momentum shows up, our indicator will still pick it up and we will spend less time waiting. A good example is PLTR, people that bough 2 years ago where in loss position until momentum shows up this year and it was like 100% profit in 4 to 6 months? So choose the one you want to follow (Fundamental wait 2 years or more for profit to show up, Technical - profit in days or few weeks, and if it did not work and you loose 10 to 20% get out and buy another stock) as your money continues to the best probable opportunities.

Our indicators tells all the story.

TODAY BITCOIN STOCKS WANT TO GIVE US SALLAH GIFT!!!

This is no joke, that is what premarket is telling US. I thing I should say tech stocks in general and AI stocks too.

Happy trading/investing.

MARKET FOR TODAY NOT THAT BAD- WE SHOULD NOT GIVE YOURSELF HIGH BP BECAUSE OF THE MARKET
Over the weekend, I was wondering what will the new week bring (after Powell speach brought the bear). But alas, by Sunday midnight Russia mutiny happen and by 11pm on Sunday, Asian market opened positive, with the Chinese economic report on standby, come Monday Morning, the futures market opened bullish). So by Monday, the bearish fear has subsided.

Russia crises also made commodities to improve (but more credit for this may go to the Chinese economic news, but China cannot be trusted, they can disappoint anytime).

So, the long and short of this message is that we must not be afraid, let us take the market as a game, and we must just learn to read charts. Today we are happier than we were on Friday and we are not too afraid. Our plan to continue buying and exiting technology/bitcoin stocks continue. We have sold some AI/bitcoin stocks before, now we are back to buying them (we sold AMD, some PLTR, AI but today we are ready to buy them back).

Will continue more on this, technical analysis is the way for a retail trade. If you are a small trader and you want to use fundamentals for this market, fine, you will see tge kind of losses that Buffet use to take (but remember, you do not have buffet kind of money!!! So stick to technicals, buy sell when a good indicator tells you. I will post what our indicator is saying on GOOGL soon (did not show up on our radar as buy for the moment)

UPDATE TARGET TECHNICAL ANALYSIS- 27 JUNE
Today is likely to be another good day for AI/bitcoin stocks, and we are targeting the good/cheap but promising ones (AEHR, APLD, MARA, COIN etc).

The only protection for losses in the market is your stop loss. For those of us that have lasted this long, we have escaped so may bullets from the bears!!!

And for the new comers, we welcome you to the promising but dangerous market, if you think you can do it on your own, okay next 3 months will tell

UPDATED TARGET TECHNICAL ANALYSIS MARKET PLAN FOR 23 JUNE
Today has some fear in the atmosphere. The rate rise in England and inflation rising in Japan is sending the market lower. But, we should not be afraid, we should let our indicators do the job of getting us out of our positions taht are under threat.

Looking at tge situation, we are likely to sell some AI stocks again, no buying of any stock except the inverse side to day. Ans the inverse we will play YANG. Actually the set up is good, so today we are likely to sell the market by buying YANG(for us this should be a no shaking trade).

Trying to play this market on your own, thinking you will gain experience and master the market , is a waste of your money and time, better to leverage on others experience and knowledge. I wonder if I would still be in this market if not for some paid subscription services providing us with a good charting platform and indicators (the market is more than your ordinary RSI, Stochastic etc, your indicator need some element of AI and should be able to give you what the nearest next move of the market should be).

Wishing all a good day.

UPDATE TARGET TECHNICAL ANALYSIS-
Today we bought [b]AMZN[/b]hu g, just as we have said that we are pationate about AI. We bought because our indicator told us the stock is in a buying zone.

Our indicators are tailor made for each individual

Today was not too bad, stocks recovered towards the 2nd half of the trading day. Therefore, we believe tommorow will be more bullish!!!

A THOUGH DAY IN THE MARKET
Exit some AI stock earlier in the day. Bought DKNG just for the interim (we continue watch to AI stocks).

Our indicators have been a good guide for this market!!!

what is your thoughts on the below stocks

TIlra
NAT
DHC
AFMD
ILPT
ATRA
Note
DSX
CYXT[/quote]

UPDATED TARGET TECHNICAL ANALYSIS- ANALYSING CHARTS AT REQUEST
TLRY: In downtrend. at all timeframe. Marijuana industry is very risky at this moment. Govt seems too busy with economic matters for now to remember this industry.
NAT: Looks good in the short/intermediate timeframe. Industry not bad and tanker business is improving at the moment. 1st resistance is 4.01
DHC: Stock retracing from a recent high. Look for support at 1.97
DSX: Stock about to recover from recent downtrend. Sitting on strong support in the monthly timeframe. I like the current chart pattern, as stock is in buy zone as at 21 JUNE 2023.

For the rest analysis continue following this forum or get a good indicator like what we are using and you will be able to analyse stock on your own/get assistance from Target Technical

TRADING ON A PLATFORM WITH LOW OR NO COMMISSION IS HIGHLY IMPORTANT
For a day like today that when we need to defend some of our postions by taking profit or closing using stop loss, a low commission platform give you more room to play with. I sold some of my AI position and then bought MARA and SPOK. And funny enough both showed immediate profit!!!

So for a newbie better to chose a platform like SPROUTIFI or at worst CHAKA. Trove should be avoided as commission is not favorable to a small investor (equally a plaform like Trove has no advantage in terms of exchange rate, the rate is nearly or same as Chaka).

Wishing all the best, our indicators are just too good. Concerning the person (AREMSO) that requested for opinion on some stocks, if you had no response, by tommorrow we would give you full verdict or is it prophesy on those stocks!!!

UPDATED TARGET TECHNICAL ANALYSIS MARKET PLAN FOR 20 JUNE- OUR ACTION SPOT TODAY
No matter what the market brings, today we are likely to buy a bitcoin stock. Some of the stocks are in a zone of mimimal risk, MARA is our 1st candidate.

The only thing that can make us change our mind is our indicators telling us to wait. Equally. we may exit/take profit on some of our AI positions (but we are only staying on the sideline, we will re-enter again as per our indicators).

We welcome the new and returning members, I as the Presiding Pastor and on behalf of our GO, OakPearl (currently on International tour)

THE GLOBAL MARKET IS TOO SWEET
Team AI in the premarket are not doing too badly. We look forward to another bullish day in the market.

For the local market. I can confirm that MSCI is yet to start adding more stock, checking from 25 MAY to 14th June. As soon as MSCI steps into the market, we would be informed. However, MSCI tested SEPLAT, AIRTEL Africa with one unit each. [/b]And as usual, there is a chest load of cash to be deployed once they start buying Nigeria stocks. [b]So for those thinking MSCI will buy in overbought region, let us forget it, they know how to buy covering their tracks, but we will know as we have been following MSCI for long and we know how to track them.

Safe investing to all.

I AM ENJOYING THIS MARKET
Market is up today again. I have not seen the result for ADOBE yet, but from the movement in the maket, it seem 'O TO DOBE " it has become soup (to speak in yoruba). So we continue our AI ride.

For those who may be late, sorry oooo, we can get down from the bus at any time we are tired of tge ride.

TODAY IS LOOKING LIKE A PROBABLE DIFFICULT DAY IN THE MARKET
We need to have our stops in place, in case any of our postions get threatened.

Let us see what will happen to AI stocks as another big AI related stock declares earnings today.

For Nigeria stock we talk about MSCI in our message today. I can say that today's message is a very exciting. See the chart below

UPDATED TARGET TECHNICAL ANALYSIS MARKET PLAN FOR 14 JUNE- WHAT IS AI IN SIMPLE LANGUAGE

*AI mean we want to replace our computers (in US for now) to be able to process information faster using DATA, we want the computer to take more DATA and process it faster, also we want computer to make all complex things to become simple (e. g a computer to convert a photograph to a painting, we want to buy things on line ( a computer to get us the specific shop that sell that thing at the lowest price after searching the whole world, spun wierd, that is chart gpt for U) . Our current computers are to be replaced or upgraded with faster ones that can handle more data and interconnect more to find data (the likes of NVDA deals devices call semiconductor that determines computer speed, they even want to manufacture new superfast computers) , anywhere data is located (networks comes here, connect more computers to find more information) .*One MAJOR spender on AI is US Military.

So from the above you can then start to put one plus one together to figure out the various industries that would be involved. From the above, this is why some old investors are worried that maybe chart GPT/AI is jus a fad, it has always been there. But now, more work want to be assigned to computers for then to make more decisions, e.g I do not jus want to search for the suppliers of an item, computer should tell me the store plus the price I can get the cheapest item (quality would have been factored in, e.g I put original Gucci bag)!!!!

Welcome to the age of AI.

TODAY I CONCLUDE MY TRADES ON AI

If not the fact that I have been planning the trade for long, I would have stayed on the sideline. Many stocks on my watchlist could not make it to the buy stage.

Today our indicators guided us. I bought AI (c. 3). This would be my 2nd time after selling the fist purchase at a profit. Yesterday, I bought ADOBE

It is a pity CHAKA did not have GGN, I could have preferred a dividend paying stock. Nevertheless, I am happy!!!

UPDATED TARGET TECHNICAL ANALYSIS MARKET PLAN FOR 13 JUNE- NIGERIA STOCKS &. PRE MARKET FOR GLOBAL STOCKS
The week is likely to start bullish as indicated by MSCI Nigeria. And we are starting with _ _ _ _ & GTCO as main stocks to watch.

Global market is behaving like ATM and I want to as myself, how can a place like this be quiet? No problem, many people have not discovered the potential of this forum and for the early adopters, we are happy. It will happen like when opening account with foreign Stockbrokers like passfolio/ trading 212 was easy, but now, only few people can open account with such brokers as you now need more money. So by the time some people decide to join us, AI stock would have hit the roof!!!

NO TIME TO POST ANYTHING FOR NOW!!! BUSY DOING SOME BUYINGS
I will post what I have bought probably by tommorrow. But today it is AI day for me. Buying some pullbacks.

We are not worried about the price of the stock, as long as it is AI and read to move, we buy. Funny, bought a stock pricef around $400+, before is was unimaginable, but now I know better!!! Will say the name probably tommorow. I only bought fraction of stock though as I am buying like 3 equities today

TARGET TECHNICAL ANALYSIS- SHORT OPINION ON AI

I have taken keen interest in AI. looks pretty interesting. I have observed that AI will likely have positive effect on many stocks/industry: 1st beneficiaries would be businesses that collects data (TSLA fits in here plus the power side) , semiconductors, data center equipment suppliers, data centers, graphics related softwares, semiconductor machine companies, companies in power generation, animation/robots/automation, client /customer management softwares. .

Looking at the wide number of industries to be impacted, Ai is not a fluke. The industry may be able to stand the test of time. So we should have a plan to patcipate. The good thing is that we are becoming more experienced in investing. We should not get married to the stocks, we buy and sell using our indicators. I have already sold the 1st purchase of AMD/AI. C3 for a small profit and again I am looking to but back if my indicator says buy.

So we just play along with the market.

sgtponzihater1:

Kindly provide a brief review of their platform, their fees etc when you have the time. Cheers

REVIEW OF CHAKA'S PLATFORM
As a way of introduction, I have account with a number of brokers both local and International. Best brokers are the foreign based as most are commission free, but access/meaningful minimum remittance to avoid the charge eating away your money has mede most of the foreign brokers a no go area (but if ypu can start with $500) , then you can use SPROUTFI or Tradezero they are one of the best for Nigerians for now.

ADVANTAGES OF USING CHAKA
- minimal starting deposit with NGN7000 you are okay
-reasonable commission 1% buy, 1% sell flat rate no minimum charge. This is in comarism to Trove, $1 minimum commission on any transaction. Thus, if you are buying stock with your initial 7 000, commission will be a minimum of NGN7000, compared with NGN70 if you use Chaka. Thus Trove commission here is like 10%.
- you can send money from your APP to your account. Just as you finish typing, your money is ready for trading (do it simple, deposy Naira, just as if you are making local payment)

- ease of withdrawal. You can withdraw as little as 3,500 with charge for any withdrawal of remittance fixed at an average og NGN50
- Company has experience as part of a group of a long standing Nigerian stock brokerage business. With others, Trove, BAMBOO promoters do not have this reputation of previous experience like chaka owners
- financially stable compared with Trove/chaka
-listening Managemnt. If platform is not working, one email to operations (or if they do not respond, tell me and I will send the mail to the quarter that will get issue resolved fast)
- the stocks are few, they only due with shares of companies in major exchanges or trade some minimum quantity (so you are prevented from investing in junks. you will not see TINGO here, you can search for TINGO on Nairaland to see details)
-registered with SEC and finra
-association with DRIVE WEALTH ensures you don't loose your money already invested in stocks as drivewealth in US is the big broker in charge of warehousing your shares (the shares are in your name you will be receiving notice of meetings in your physical Nigeria address, drivewealth will ensure that nothing funny happens to your shares, in case something happens, they will move your shares to another sub broker like chaka, Trove, sproutfi or a similar firm you desired)
-platform has stop and limit orders (but must buy full shares no fraction). For fractional buy/sells you use market order.
_there is a charge of $per month if you have account (Trove has this too), but no charge like this in SPROUTFI. But that is on the condition that you have unused 1$ in your account on 29th of the month. I think I have been affected by this just once at Trove, chaka (I cannot remember if they ever took this monthly $1.So this is no problem, use your money to below $1 by each moth end and you are free from this charge.

I believe this should satisfy your question. Out of all local platforms for trading Global stocks Chaka is still the best and will remain the best till we get better conditions elsewhere

I LIKE WHAT IS HAPPENING IN THE GLOBAL MARKET

This time is looking like chop and clean mouth. Our indicators are performing. It is good that we don't chase small stocks. Today we bought ACP, still in the spirit of building up a strong portfolio with some dividend paying/growth stocks.

Wishing everybody save investing.

I LOVE THIS FORUM- WE CONTINUE TO BUILD UP OUR PORTFOLIO LIKE A HEDGE FUND
It is not an easy task, but our indicators are making it simple.

With the way this market is going, I should load more funds into mey portfolio, so Chaka here I come.

UPDATED TARGET TECHNICAL ANALYSIS MARKET PLAN FOR 2 JUNE (NIGERIA STOCKS)
We are staying on the sideline. Very few opportunity at the moment as most stocks are likely to retrace.

UPDATED TARGET TECHNICAL ANALYSIS MARKET PLAN FOR 2 JUNE
This market is becoming like a normal bull market. Our indicators is confirming this. Trading in this maket without a good indicator is a waste of valuable time!!!

The indices this morning are telling us this as shown below.

TARGET TECHNICAL ANALYSIS MARKET PLAN FOR 1 JUNE - UPDATE
There should be no fear for the market now. If some AI stocks were hit by the bear yesterday, we should not panic, we should just wait let them settle to strong support for us to buy again.

So for today AI (TICKER), is losing about 20% pre market, if we are in this stock and we have some gains, we can sell then use the money to buy a stronger stock like NVDA or AMD or PATH etc, depending on the one that looks stronger on the chart as at time of making the decision (using our trading indicators) .

TARGET TECHNICAL ANALYSIS MARKET PLAN FOR 1 JUNE
This morning all the AI stocks are shouting for us to get out/stay on the side line. Our indicators told us.

What are we buying with the proceed from our exit of AI stocks? Continue to follow us. We have said Gold yesterday, yes this is one of the industries equally blockchain stocks are showing stability (our indicator is telling us).

We will be exposing our indicators to some few people .

FEAR IS SHOWING UP IN THE MARKET TODAY?
We are building up our portfolio with mix of dividend and growth stocks. Task is not easy. We are learning not to get married to any position. We liquidated some of our AI positions, but with plan to come back into then. Gold is tempting and we are likely to buy, with a caveat of holding for short term only, the likes of DRD may be our candidate.

UPDATED TARGET TECHNICAL ANALYSIS MARKET PLAN FOR 31 MAY 2023
Global market should continue in bullish mode with the technology and discretionary sectors leading the pact . So looking for opportunities in AI stock still make sense, we should buy at support as much as possible.

Comment on Nigeria market is shown below.

THERE IS NO PHILOSOPHY IN INVESTING
Have your indicators in place, buy when your indicators say buy and sell when your idea looks wrong.

Taking clue from the above, I will sell my Chinese ETF (at a loss, yes at a loss and I am happy). I have realized that anybody can be wrong, currently everybody that played on China revovery are under water, big funds and even the world bank (at a time early this year world bank was talking with the undertone that China's economy will safe the whole world from likely recession, but alas China is not performing at the moment). Market is a case of "bi egun eni ba fe jo, to o ba so wipe ohun ojo mo, there is nothing you can do". What the yoruba proverb is saying is that market is the owner of the masquerade (if maket is saying it want to be bullish), market can decide not to be bullish again. So as an investor I obey the market, so China bullish masquerade has decided not to dance, so I get out of my trade.

Looking at the premarket, this AI matter seems to have captured everywhere. Looking at the AI stocks, we need to pick one that can stand the test of time. Good thing is that most big equities are in AI, so this madness may last for some time. Therefore, my take is that if you don't have much idea about AI, just buy NVDA (it has all the foundation that all AIs are built upon) and go to sleep, let the market do the rest (like of NVDA may likely do what TSLA and Amazon did in the past).

Good luck to everybody. Some pre market gainers (AI related are shown blow)!!!

In conclusion, can you imaging that AI will not be able to take over investing totally, stocks picked by AI sometimes too suffer loss. But, if you do not have AI stock in your portfolio, you may likely regret latter.

UPDATED TARGET TECHNICAL ANALYSIS MARKET PLAN FOR 30 MAY 2023
For the Global market strong showing by the technology sector likely to continue. This may be a good time to get back to bitcoin stocks too if we know how to read our charts.

Comment on Nigeria market is shown below.