NSEASI has left a trail of recent price action that makes us believe that the Nigerian stock market is poised for a move. The following image is a picture worth more than a million words as it has every detail that should leave you asking your broker a few questions that will prepare you for the coming move.
Sunday, March 9, 2014
CHAMS: OUT OF RELEGATION AFTER 4 YEARS IN THE COOLER
Chams Plc remains the leading provider of Information Technology solutions in Nigeria, providing intelligent solutions to a wide range of public and private sector initiatives. Chams PLC is reputed as the first home-grown company to be listed in Guinness Book of World Records, for setting up the ChamsCity Mega Digital Mall and also the first Computer Technology Company listed on the Nigerian Stock Exchange.
These notable achievements have been attained by constantly reviewing and actualising the mission of Chams Plc “Advancement of Information Technology through the provision of high standard Professional Information Technology Services competitively and profitably” and the business concern “provision of infrastructure to drive e-payment, transaction and identity management”, thus, the subsidiaries and business units (listed below) of the company are positioned to deliver these over the past 28 years.
Comprehensive Short-term trading workshop
Dear fellow Investor/Trader
INVITATION TO ATTEND WORKSHOP FOR PROFESSIONAL EQUITIES SHORT- TERM TRADING
We hereby invite you to attend our full day workshop from the industry’s top traders. These traders will share their proven strategies while walking you through different methods they’ve found to be successful in today’s market that can improve your profits and minimize losses.
The event which is aimed at taking a critical look at:
How to play the market for the short term using fundamentals, market sentiment and technical analysis to pick stocks for the best returns.How to identify buy & sell signals before the general market GETS A CLUEOther details of the workshop are attached herewith.
Prompt response would be appreciated as we look forward to seeing you at the workshop.
Yours faithfully
For: INVESTDATA CONSULTING LTD
Ambrose Omordion
Chief Research Officer.
Have you lost money or you are losing money due to market correction that was induce by environment sentiment emanating from the economic managers and anticipated political heat up in the course of the year. The nation’s equities market has no doubt created confidence and calm among investors and market operators that understand market correction and the important of positioning when the market is bottoming out. These, coupled with the prevailing value the market has presented now as many fundamentally sound stocks are selling at a discount and the expected earnings season to drive substantial rally if the numbers are impressive and beat market forecast with handsome reward to investors.
However, the returns that accrued to investors and market operators during bull, bear or market correction differ. The simple difference is trading knowledge and understanding of market timing. These inform our equity trading workshop tagged “Comprehensive short-term Trading workshop” where you will be equipped with the following:
1. Learn how to pick the right stocks for short -term trading and manage value trade
2. Spotting the opportunities created by the correction
3. Learn how to see and use charts & patterns like expert does
4. Discover how these concepts can help you make more money
5. How to identify “Sell & Buy” Signal before the general market to advance profit and cut losses.
6. Learn how to take short term position using earnings reports and dates.
In view of this market correction and the opportunity of a bullish run insight, the need to participate in our strategic and educational workshop tagged ‘’COMPREHENSIVE SHORT-TERM TRADING workshop,’’ cannot be over-emphasized. Please find below the seasoned professionals and the sub-theme expected.
The Best Strategies for screening stocks for short- term trading/positioning. – By Alhaji Garba Kurfi, Managing Director of APT Securities & Funds Limited. He is a Council Member of the Nigerian Stock Exchange, and a Fellow of both the Institute of Chartered Accountants of Nigeria (FCA) and the Chartered Institute of Stockbrokers (FCS). He is also a council member of the Nigerian Stock Exchange.
Identifying “ BUY & SELL” signals before the market – Using Technical Analysis indicators & Chart patterns - By Mr. Abdul-Rasheed Oshoma Momoh, Head, Capital Market in Trw-Stockbrokers Limited. He is a graduate of the Ahmadu Bello University, Zaria. Mr. Momoh obtained a Diploma in Banking & Finance in 1997 from the Obafemi Awolowo University, Ile-Ife. He is an Associate Member of the Chartered Institute of Stockbrokers, ACS, and a certified Technical Analyst. He has attended numerous workshops both at home and abroad, and he is a guru in short term trading techniques.
Maximizing Profit in equity market using earnings released dates to trade. – By Mr. Ambrose Omodion, Chief Research Officer, InvestData Consulting Limited. He is a Fellow of the Institute of Professional Financial Managers, UK, Associate Member of the Certified Pension Institute of Nigeria, Certified Financial Manager. He is a South African and UK trained stock market analyst and technician.
THIS WORKSHOP IS DESIGNED FOR YOU, IF YOU ARE:
Active investor in the Stock MarketHigh net-worth and potential high net-worth investor.Investment/Fund Managers of Insurance, Pension, Trustees companiesResearch officers of stock broking firmsInvestment Advisers and other Stakeholders in stock market operations.Etc.The workshop holds on March 22, 2014 at Ostra Hall & Hotel, Behind M.K.O Abiola Gardens, Opposite NNPC Gas Plant, CBD, Alausa, Ikeja. Time is 9:00am. The fee is N20, 000 per participant. Payment made on or before March 15 attracts 15% discount. Companies sending more than two representatives would enjoy 20% discount. Those who have participated in our previous seminars and workshops will enjoy 20% discount. Payment should be made into Investdata Consulting Limited; Zenith Bank Acct. No: 1013033032 or Stanbic IBTC, Acct. No: 0005224062.
For more details about the programme, please call 07030384221, 08023266429 or 08179547605.
HONEYWELL FLOUR: 3 Years New High
The share price of Honeywell triggered a New Intraday high for 2014 before closing at N4.01.
The Intraday spike of N4.13 the highest last seen since October 2011 put in a new high today, aligning with June 28th 2013 levels forming strong resistant levels.
Overall Trend has met all the criteria of an (Ascending Triangle)
The Ascending Triangle PatternThe Ascending triangles are generally considered bullish and are most reliable when found in an up-trend. The top part of the triangle appears flat, while the bottom part of the triangle has an upward slant. Here is a Typical Ascending Triangle Pattern
In ascending triangles, the stock becomes overbought and prices are turned back.Buying then re-enters the market and prices soon reach their old highs, where they are once again turned back.Buying then resurfaces, although at a higher level than before.Prices eventually break through the old highs and are propelled even higher as new buying comes in.A quick look at HONEYWELL daily chart shows similar pattern of the September -December 2013 rally in the making.
January-March 2014 rally:
Series of Higher Lows/Highs from N3.09-N3.30-N3.50 with strong support within the N4.00 rangeHeight within triangle ranges 0.50-0.70 kobo- with a Target price within N4.50-N4.70 levels.Possibilities of consolidation within these current levels before an eventual Breakout. If the price retreats below consolidation, it signals another, likely sharp, decline towards the N3.70-N3.80 points before attempting the next Gallant charge towards N4.50-N4.70 levels.
HONEYWELL WEEKLY CHART
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