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Food/Beverages & Tobacco stocks 7UP, Cadbury, Flour Mills, Nestle, Nigeria Bottling Company (NBC), Union Dicon Salt etc

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Old 14th March 2007, 04:10 PM
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Default Nestle: Possible Price Drop!

InvestIQ NESTLE IN DANGER OF PLUNGING TO PRICE SUPPORT (N257)

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Old 14th March 2007, 05:43 PM
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Default Nestle: Analyst Report Correct!

The analyst is proven right!

Quote:
Analyst Report on NESTLE bang on target, again!
Posted Wednesday, March 14, 2007
Just as was predicted for Nestle in the article published today, the figures have once again proven to be a good indicator/predictor of price movements.

The analyst had indicated that some weakness was expected in the stock today and probably a reversal pattern primarily.

And that was exactly what we got today.

If you look at the trading pattern today, the stock had an intra day high of N314 and an intra day low of N290.

You can see that the stock dropped N9 from its yesterday close before recovering to close at N306, slightly above the middle of the trading range.

This further confirms the predictive model used in analysing this stocks and a further proof that the answer lies in the charts and market information.

Investors are encouraged to check their technical analysis along with the fundamentals in arriving at decisions on the Nigerian Stock Market. Happy intelligent investing!
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Old 17th March 2007, 10:49 PM
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Default Nestle Trading Pattern

One to watch!

Quote:
Nestle Week Ended March 16, 2007 – Trading Pattern Summary
Posted Saturday, March 17, 2007

I feel compelled to write to explain the chart & price movement of Nestle to you, since I had given you information on Nestlé’s stock yesterday based on Thursday's trading pattern. The analysis did not take into consideration the low of Wednesday's trade.

If you look at my Wednesday, March 14, 2007 write-up I noted that if the stock price did not put in a reversal pattern, it would test the support of N257.

Fortunately, it put in a reversal pattern on Wednesday (March 14, 2007). The stock hit a low of N290 and a high of N314, but closed at N306, almost at the middle.

Although, it was a reversal pattern, since the stock closed at almost the middle, it signified indecision by traders. The next day (Thursday - March 15, 2007), stock had an intra day high of N316 and an intra day low of N292, but closed at the intra day low of N292.50, signifying the presence of more sellers than buyers.

However, since the Thursday low of N292 was higher than the Wednesday low of N290, it confirmed the reversal pattern which was put in place on Wednesday, and simultaneously created a price support at the N290 level.

Again today (March 16, 2007) the stock bounced off the intra day low of N292.50 and closed at the intra day high of N307.12. This confirms that the stock now has a solid support around the N292 price and the selling has stopped temporarily.

However, I will advice traders to watch this stock next week, and sell their positions if it violates N290, the lowest price it put in this week in order to preserve their profit.
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Old 14th April 2007, 07:44 PM
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Default

I started a new thread on Technical Analysis. Stockbear seem to be very skilled in such analysis and I would like forum members to benefit from her/his knowledge. Could you explain to us the acronym SMA20 and SMA50? How it is calculated and what exactly it tells the investor?

I have heard bits and pieces about stock technical analysis and I would like to know more.
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Old 14th April 2007, 09:22 PM
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Default Also A Learner

@ Jesusislord - I am but a novice who is always willing to learn. Anything you know please share and enlighten us all.

SMA's are Simple Moving Averages (SMA). This is an the average price of the previous trading period. For example, if the period is 20 days, the SMA 20 is the average closing price of the previous 20 days.

From what I've learnt so far, SMA's by itself are not reliable. You will need to factor in other variables. SMA's are used to show a trend line of a stock.

The trend line of a stock is used to judge entry and exit points of that stock.
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Old 14th April 2007, 09:30 PM
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Default Contribution By Specnomics

This was previously shared with us by Specnomics on the thread: Simple Moving Averages.

Quote:
These definitions are from a weekly newletter I get from SOCGEN.

Moving averages
Moving averages are calculated by the addition of the closing price of the N last sessions divided by the number of sessions considered. They can be used to track daily, weekly, or monthly patterns. DayGraph uses 20 and 50 periods. Moving averages provide a good indication of the whole trend affecting an underlying. Reversing situations can be found on the upside and on the downside. Moving averages can constitute supports or resistances by themselves for spot prices.

Support
Level that has a high probability of halting a fall on the time horizon considered, and consequently, possibly to cause a bounce.

Resistance
Level that has a high probability of halting a rally on the time horizon considered, and consequently, to cause a correction.

The most straight forward application is re placing convergence trds. When prices are above MA you can go SHORT, when below you can go LONG.

NB the different averages used 20 and 50 days. This means the MA is following trend, so you would not be caught short when the trend is bullish for valid reasons but because price increases are recent, and with a small weighting of MA, you go SHORT. This is obviously a risk of using it, mitigated to a fair degree by the number of days choosen for the MA.
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Old 19th April 2007, 04:22 PM
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Default Nestle marks up share price, increases capital gain

Businessday ... the voice of business[/QUOTE]

Last edited by Ikechukwu Emelike; 18th June 2009 at 06:11 PM. Reason: "Copyright infringement - content removed and replaced with link"
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