Nigerian Stockmarket Tips Charts

[Stockbear]

Many users familiar with Stockmarket Tips For Nigerians thread are equally familiar with the introduction of stock charts.

My thoughts/ intentions is that if my attempt to post a chart here is successful, then we could use this thread to discuss stocks and their equivalent charts.



My first attempt indicates that the chart does not show on SMN, but opens a web page with the required chart. This will not work for the purpose for which we want so I'll try something else. Anypone with an idea as to how we can post images on SMN should give it a try.

[Stockbear]

This is my second try. I have attached the image as an attachment.

Here goes...

This image comes out looking too small. I try with a much bigger image.

Second try...

[Stockbear]

Thus far from what I have tried, the best option is the first one. The down side is not being able to see the chart whist commenting on it or reading about it.

Anyone with a better suggestion/option?

[Stockbear]

I have attached the image of the Ikeja Hotels to a word document and added commentary. All stock chart gurus shold please comment on the chart as I am a learner.

Please note don't place any weight on my comments until a knowlegdable person adds their own comment.

Caveat empty patapata.

P.S. Those that have something to say should add their commentary to the word doc save and repost. This way all comments on a specif stock are kept in one place for each day unless different charts are posted on the same stock.

[Stockbear]

@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.

[aktopgun]

Originally Posted by Stockbear

I have attached the image of the Ikeja Hotels to a word document and added commentary. All stock chart gurus shold please comment on the chart as I am a learner.

Please note don't place any weight on my comments until a knowlegdable person adds their own comment.

Caveat empty patapata.

P.S. Those that have something to say should add their commentary to the word doc save and repost. This way all comments on a specif stock are kept in one place for each day unless different charts are posted on the same stock.

stockbear,

u are becoming good at this u know. a note though. while u are right it is a dragonfly doji and would suggest a drop in the coming day or so, the explanantion for the formation of the dragonfly is kinda backwards. u see a dragonfly doji occuring in an uptrend would mean that after opening, prices traded mostly downwards (profit takers descending). very few buyers if any at all were willing to bid the price higher and sellers dominated the market. however some buyers surfaced later and bid the price back up to its opening price but no higher hence why the opening and closing prices were basically the same.

nice one

[c kenneths]

Some people should just be catapulted straight to moderator here. I cant imagine seeing Aktopgun's name bearing junior member here?

Who elso will vote on that?

[nezvest]

C Kenneths I agree with you! This guys is doing abracadabra hereooo. Plz who can teach us all those technicalsooo. I want to do short term now but I need more understanding of the technical analysis Can you guys help? Any material I can read up or any software I can run to assist?

[easimoni]

Originally Posted by nezvest

C Kenneths I agree with you! This guys is doing abracadabra hereooo. Plz who can teach us all those technicalsooo. I want to do short term now but I need more understanding of the technical analysis Can you guys help? Any material I can read up or any software I can run to assist?

I suggest you register with investopedia so you can download and print the following articles.

Technical Analysis: Introduction

Exploring Oscillators and Indicators: Introduction

These two articles are a great start

To understand the specifics of cadlestick analysis (you'll hear AKTopgun dissect this a lot) go to

Introduction to Candlesticks - StockCharts.com

Candlestick Pattern Dictionary - StockCharts.com

[MR. CEE]

Originally Posted by c kenneths

Some people should just be catapulted straight to moderator here. I cant imagine seeing Aktopgun's name bearing junior member here?

Who elso will vote on that?

I support ur suggestion not because of topgun mastery of the charts but because of his selflessness in addressing people's question.

[Babs_O]

Stockbear please can you help us with the chart for trascorp along with the interpretation on when to buy and sell for short term trading. Plus using it to predict if the stock will become scarce so that we can pile up some while it is available. Or if it will become oversupplied so that we can start selling now. Thanks.

[nezvest]

Originally Posted by easimoni

I suggest you register with investopedia so you can download and print the following articles.

Technical Analysis: Introduction

Exploring Oscillators and Indicators: Introduction

These two articles are a great start

To understand the specifics of cadlestick analysis (you'll hear AKTopgun dissect this a lot) go to

Introduction to Candlesticks - StockCharts.com

Candlestick Pattern Dictionary - StockCharts.com

Thanks Man. I have already done that. Though it was not very comprehensible. I hope to get more information on those stuff.

[Stockbear]

Originally Posted by Babs_O

Stockbear please can you help us with the chart for trascorp along with the interpretation on when to buy and sell for short term trading. Plus using it to predict if the stock will become scarce so that we can pile up some while it is available. Or if it will become oversupplied so that we can start selling now. Thanks.

Babs_O: Charts can't predict when a stock will become scarce or if a stock will become oversupplied.

I'm currently learning to read charts, the more I understand the more confident I'll be about posting charts. For now, I suggest we learn using the links posted above.