Opportunities......

The time has come for massive buying opportunities in the NSE,this kind of opportunities present itself last 6-7months ago,my recommendations are listed below as usual based on technicals
-Firstbank
-Diamond
-fidelity
-intercontinental
-Ibtc

N.B. trade at your own risk,but such opportunities can return 50% in 6months

More to come.....

Update and Positions

Guess you all had a nice weekend,I will like to update my position on the NSE index(Nigeria Stock exchange) and also tell you about my positions.

Firstly I will like to talk about my positions,I am presently in Fidelity,Gt-assurance,Oceanic and

Platinum and am thinking of holding them for some time.On the index we are gradually approaching 30,000 where our W-formation will be completed.And i expect the index to close higher on Monday.

I have attached a chart of the index for illustration.

My pick for the week ahead is Sterling bank,looking at first-inland.

NSE FORECAST

In my technical analysis of securities,I usually do a top down or bottom up analysis based on market conditions,but I will do a top-down analysis now.

Looking at the NSE index I can say that the market is about resuming the up-trend,don't let us forget that the crash of the market was just a major retracement of the long term uptrend.

Reasons why I believe it is resuming up-trend:

-Formation of the W-formation(also called double bottom) which is a significant reversal pattern,I have highlighted it in the chart attached

-Since the index touched 20,000 as earlier said,subsequent swing lows has been higher(higher lows)

Targets:

-Confirmation of resumed up-trend is when the index is able to break 30,000.When it breaks 30,000 it will retrace before moving higher.

Please note:It will not be an easy ride the second bottom might be extended,but this is how it will look like when looking at the big picture,this analysis is for long term investment horizon,but we should get to 30,000 before the year runs out.


As earlier said,UNHOMES and AFRIBANK are very good stocks to buy now.






Humble regards.

My Position

Sorry it has being a while,I am extremely busy,I believe I would be able to resurrect this blog.
I will like to share my present positions with you and a postion I am planning to take this morning when the market opens.

Recently I bought UNHOMES and STDINSURE and I am buying AFRIBANK today because price is at support,am sorry I can give the detailed analysis but I will do that as the blog grows.I looking at 2 weeks to 2months horizon depending on market conditions.

Humble Regards.

Comeback

Sorry its being a while,I have been busy,I hope I will be able to update you as regards my positions.Presently I am in Sterling bank,Platinum and Aiico,am also considering firstbank and Zenith seriously,when I am chanced i will update my charts,this is the best time to make money in NSE,pls dont miss out.Merry Xmas

Investor's Sentiment Part 1

First of all, when people talk about investor sentiment, or market sentiment, they are referring to the aggregate attitude in the investment community. Essentially, investor sentiment is an approximate measurement of the stock market's attitude at a given time - it could be overly bullish, bearish, or somewhere in the middle. This type of analysis would usually be employed by a short-term trader or technical analyst trying to reap profits from short-term movements in stock prices.
In the analysis of securities to trade,the most important thing to consider after considering other things is the investor's sentiments.No matter how sound your analysis is both fundamentally and technically if you refuse to consider what investors are doing then you might be in for a goof,for instance my analysis of first inland and flour mills was faulty due to partial lack of investor's sentiment on these stocks but i have rectified that.
Infact it has being found that traders who had a background in psychology are better traders because they can study human behaviors to trading(investor's sentiment inclusive).
How to decipher investor's sentiment
Knowing investor's sentiment requires skill and research,in my own opinion every sentiment is based on either experience or information,for instance the financial statement is an information that determines bias,the charts are also pictorial information that investor's can use to determine their bias(whether to be long or short).
In part 2 I will discuss how technicals and fundamentals reveal investor's sentiment.

Update

I will like to apologize for not updating this blog,I have got many thing on my hands and alot of research has also being going on to fine-tune my analysis.
The first inland trade and flour mills trade was a technical goof,the only advantage is we can turn it to long term.
I will try my best to always update the blog as at when due,thank you