[Nigerian stocks] Resistance and Support signals – 15/5/2015

For those looking to find out an entry or exit point for a share one metric you look at is the support and resistance of stocks. A resistance basically is a print point that a stock has been trying to rise above but whenever it gets there it drops. A support in contrast is a price point that a stock refuses to go below.

Once a stock crosses its resistance it is seen as a bullish moment and when a stock goes below its support it is seen as a critical bearish moment.

Ticker	Date/Time Other News Stanbic IBTC PMI: Nigeria’s private sector expands for fifth consecutive month in June NDIC begins liquidation, warns public after CBN closes 46 microfinance banks RMAFC submits political office holders’ pay review to Tinubu	Close	Resistance	Support
ACCESS	05/15/2015	6.18	6.90	5.95
AFRIPRUD	05/15/2015	2.99	3.00	2.74
AGLEVENT	05/15/2015	1.62	1.70	1.42
ASHAKACEM	05/15/2015	20.47	21.02	19.50
BERGER	05/15/2015	10.00	9.99	9.07
CADBURY	05/15/2015	39.90	42.00	39.20
CAP	05/15/2015	43.00	35.66	35.66
CHAMPION	05/15/2015	7.09	8.93	6.75
CONOIL	05/15/2015	39.92	39.50	36.21
CUSTODYINS	05/15/2015	4.17	4.38	4.05
CUTIX	05/15/2015	1.58	1.83	1.51
DANGFLOUR	05/15/2015	4.64	5.08	4.50
DANGSUGAR	05/15/2015	6.60	7.58	6.10
DIAMONDBNK	05/15/2015	4.37	4.65	4.50
ETERNA	05/15/2015	2.70	2.83	2.66
ETI	05/15/2015	21.56	24.55	20.21
FBNH	05/15/2015	8.99	9.50	8.70
FCMB	05/15/2015	3.00	3.36	2.95
FIDELITYBK	05/15/2015	1.89	1.94	1.80
FIDSON	05/15/2015	3.20	3.26	3.00
FLOURMILL	05/15/2015	35.00	36.95	34.06
GLAXOSMITH	05/15/2015	44.20	56.50	54.00
GUARANTY	05/15/2015	29.50	30.01	28.20
HONYFLOUR	05/15/2015	3.47	4.15	3.28
IKEJAHOTEL	05/15/2015	3.79	3.96	3.61
INTBREW	05/15/2015	20.00	21.70	20.71
JBERGER	05/15/2015	51.70	50.26	41.81
LIVESTOCK	05/15/2015	2.40	2.52	2.40
LOTUSHAL15	05/15/2015	10.80	10.88	10.61
MANSARD	05/15/2015	3.00	3.13	2.85
MAYBAKER	05/15/2015	1.60	1.87	1.63
NAHCO	05/15/2015	6.80	6.94	6.30
NASCON	05/15/2015	8.00	8.94	8.05
NEIMETH	05/15/2015	1.10	1.13	1.00
NPFMCRFBK	05/15/2015	1.26	1.35	1.26
OANDO	05/15/2015	17.81	19.25	17.30
OKOMUOIL	05/15/2015	28.44	28.60	26.00
PAINTCOM	05/15/2015	1.27	1.40	1.27
PORTPAINT	05/15/2015	3.64	4.03	3.33
PRESCO	05/15/2015	30.00	30.09	26.50
PZ	05/15/2015	29.00	28.98	27.51
REDSTAREX	05/15/2015	4.92	4.70	3.60
SKYEBANK	05/15/2015	2.17	2.54	2.38
STANBIC	05/15/2015	30.00	31.61	27.00
STERLNBANK	05/15/2015	2.15	2.18	2.11
TRANSCORP	05/15/2015	3.19	3.29	3.16
TRANSEXPR	05/15/2015	1.06	1.23	1.12
UAC-PROP	05/15/2015	10.25	11.99	10.25
UACN	05/15/2015	40.00	42.00	39.00
UBA	05/15/2015	5.20	5.29	4.98
UBCAP	05/15/2015	1.49	1.52	1.49
UBN	05/15/2015	10.50	11.11	10.22
UNILEVER	05/15/2015	45.03	43.43	38.00
UNIONDICON	05/15/2015	11.84	13.80	11.84
UNITYBNK	05/15/2015	2.23	5.00	0.50
UPDCREIT	05/15/2015	10.00	9.00	8.55
UPL	05/15/2015	6.03	4.70	4.60
VETGRIF30	05/15/2015	16.06	16.25	15.79
VITAFOAM	05/15/2015	6.38	6.50	4.17
WAPCO	05/15/2015	98.20	98.50	93.00
ZENITHBANK	05/15/2015	22.22	22.00	20.75

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