As we no longer have access to Stockmarket Tips, may be this can hopefully be the interim solution?

Last post by Ijogbon:

@aktopgun

What say you about UBA? I remember you having a dialogue a few posts back about a 'frying pan bottom'? I think UBA is exhibiting the direct opposite of the frying pan i.e the dumpling top reversal.

Omoba3:

As we no longer have access to Stockmarket Tips, may be this can hopefully be the interim solution?

Last post by Ijogbon:

@aktopgun

What say you about UBA? I remember you having a dialogue a few posts back about a 'frying pan bottom'? I think UBA is exhibiting the direct opposite of the frying pan i.e the dumpling top reversal.

@ijogbon et omoba

ijogbon o!!!

u are spot on sir including about volume not supporting the pattern as needed. dumpling top it is but the last candle is almost a positive candle as it is almost a shooting star(the tail would need to be twice the length of the body for it to be fully a shooting star) after a downtrend, meaning that although the stock opened higher than its close (hence the red candle), the long upward shadow suggests renewing interest in the stock cuz fellas want to buy at a good price. in a dumpling top , this would suggest a failing of the pattern even after the gap down. i expect some improvement in the coming days for UBA based on this.

Togun: Peace at last!

What do you think about Redstar? Considering checking out/taking profit.

@omoba

if u have hit ur target it may be wise to take some profit now cuz that last candle is a spinning top and would suggest a reversal to the downside soon.

i hope our fellas and fellettes pick up on this thread soon u know

Togun: Thanks for your reply. You are a priceless gem.

Since you are my tutor, occasionally you must to tutor your student, abi ke.

Let's start with the redstar chart above, when do you take the previous days candle into consideration? You have highlighted the last candle as a spinning top which I acknowledge, but do the previous days candles in the same chart add to or make a difference to how the spinning top is deciphered?

I have some luggage in Betaglass. So I will use this as another opportunity to improve my reading of the candles:

The volume traded on the previous trading day (Tuesday) before Thursday's trading indicates there were more buyers than sellers, but the Sellers were still able to bid down the price. By Thursday's trading day, there were (equal amounts?) or indecision between buyyers and sellers, hence we have a spinning top. Which would indicate that there will be a reversal of the downward trend either by the next trading day or days?.

MACD is trending negative, so also is RSI going down, but Chaikin Money Flow is trending positive. How have I done so far??

Bros omoba, stop dis rough play o!
stop with all this student gist jare, me sef i be student!!
here's how i see it

aktopgun:

Bros omoba, stop this rough play o!
stop with all this student gist jare, me sef i be student!!
here's how i see it

As you sef fit see from your reply wey pass my own, student pass student.

u be oga student, me i be omo ise student now

Thanks. Nothings beats learning.

Omoba3:

As you sef fit see from your reply wey pass my own, student pass student.

u be oga student, me i be  omo ise student now 

Thanks. Nothings beats learning.

Really need to pick up a book and learn the candles. From your last reply its evident I need to look beyond only considering the days closing candle as you have rightly highlighted.

I will begin, sure but steady by .

@aktopgun and omoba,

i have picked the thread

Happy Easter to the both of u

nkc:

@aktopgun and omoba,

i have picked the thread

Happy Easter to the both of u

Thank God jare I don dey tire to wait to holla peeps to this place. Thanks 4 being observant. You do well.

Happy Easter to you and yours.

@all
What happened to the last thread? I can't see all the last posts that were there. Pls someone shd gist me. I haven't been online in hrs.

Cheexy: Happy Easter my lobly sista from another mama

cheexy:

@all
What happened to the last thread? I can't see all the last posts that were there. Please someone should gist me. I haven't been online in hrs.

In reply to your question, Seun locked us down because of the fighting so God shine idea to start this one. Togun and myself have been holding fort all day trying to attract everone's attention.

@cheexy,
well i guess seun decided to lock it down, whether he will clean some quotes is what i don't know. we will just have to wait and see. Cheers

aktopgun:

@ijogbon et omoba

ijogbon o!!!

u are spot on sir including about volume not supporting the pattern as needed. dumpling top it is but the last candle is almost a positive candle as it is almost a shooting star(the tail would need to be twice the length of the body for it to be fully a shooting star) after a downtrend, meaning that although the stock opened higher than its close (hence the red candle), the long upward shadow suggests renewing interest in the stock because fellas want to buy at a good price. in a dumpling top , this would suggest a failing of the pattern even after the gap down. i expect some improvement in the coming days for UBA based on this.

aktopgun

I have taken a couple of looks at the sticks for UBA again and I do agree that the recent sticks have shown that the bears have refused to take advantage and take further control of the market. I suspect that the next few sticks are going to trend 'sideways' for a while probably testing or trying to breach the new former support which might have turned a new resistance. i wonder that the price will inch up too much seeing the lack of buyers in the market still.

Ijogbon: Ol' boy what's your mail addy make I holla at u.

Hey PrinceIII

Check ma profile,

@omoba
My brother from another mother. I dey o. Just enjoying this easter. Had a bit of fever though. I totally agree with seun's decision. It was highly necessary. U didn't send the file to my e-mail again.

Ijogbon: I dey compose 4u o.

Cheexy: Pele o Hope you are feeling much better. I will try sometime today after I finish send mail.

@omoba
Thanks a lot. I have to turn in now

Happy easter all

Ijogbon: U got mail.

Cheexy: Will get to the mail 4u now. Try and get a good nights rest. If you have Horlicks, take it, will help give restful sleep.

happy Christmas!!!! and a happy easter. i'm sure a lot of pple will be wondering why happy Christmas in march, have we all forgotten that without Christmas there wouldn't have been Easter. if Jesus Christ was not born. no one would have paid the price on the cross. anyway hope we are all having a wndaful holiday
pls Aktopgun, pumping, easimoni, wanajo and others in the house.advice me on what share to buy btw now and middle of may that can fetch me small dough, i have this money now , about 6m but i need to return it by may ending. i'm not paying any interest but i must not lose a kobo from it also pls help your fellow nigerian
thank yu in anticipation [color=#770077][/color][i][/i]

Happy Easter to you all and yours.

Abeg, wetin to happen to our fave thread? Na clean up or permanent ban? Anyway, I just talk say make I "sign register"!

Till Monday.

Hurray Hurray Hurray
oya more learning for me.
Happy Easter everyone God be with u and your Family.
This year is my year and yours too.
Cheers
_{creeps gently behind the door to eavesdrop}

Happy Easter to everyone.

Wetin sele for the other thread?

Hi Pumping - Seun lock down the thread as pe the Greentree saga. Last nite was WW3. Missiles flying everywhere.

teto:

happy Christmas!!!! and a happy easter. i'm sure a lot of people will be wondering why happy Christmas in march, have we all forgotten that without Christmas there wouldn't have been Easter. if Jesus Christ was not born. no one would have paid the price on the cross. anyway hope we are all having a wndaful holiday
please Aktopgun, pumping, easimoni, wanajo and others in the house.[b]advice me on what share to buy between now and middle of may that can fetch me small dough, i have this money now , about 6m but i need to return it by may ending. i'm not paying any interest but i must not lose a kobo from it also [/b]please help your fellow nigerian
thank yu in anticipation

If you want little or no downside, you want fundamentals. They don't make them any more fundamental than UBA right now. Split your dough between UBA and Diamond bank

Happy Easter Folks!

The tirade yesterday was nasty, worse than previous ones. Seun deleted the posts thankfully. If it continues on this new thread, there is always stockmarketnigeria.com - http://www.stockmarketnigeria.com/forums/nigerian-stock-exchange/770-nigerian-stock-market-tips-10.html#post13991 We were on this thread when Nairaland was locked down the last time. That site is well moderated.

Well i seem to now understand why the favorite thread was locked up , adults behaved like kids

easimoni:

If you want little or no downside, you want fundamentals. They don't make them any more fundamental than UBA right now. Split your dough between UBA and Diamond bank

Easimoni why do have these views about this two companies ?

Hello people, am here at last. Lets continue from where we stopped. What do we do tomorrow, is there and chance that the public holidays will cause the market to rebound with a fury on teusday? (the holiday factor)

Which stocks will lead this upsurge, which stocks will likely continue their downward slide?