MTN Nigeria Stock: A Strong Rally smashing the roof
MTN Nigeria stock has demonstrated remarkable growth since trading around the 170 naira zone in December 2024.
As of December 9th, the stock was priced at 170 naira but has steadily rallied over the months to surpass several resistance levels (N320, N357 & N386).
Based on this momentum, the nearest most significant support zone is N386. This is a zone with confluence between an ascending resistance trendline and a support level.
The question is.
1. Can the buy continue with this vertical push-up up
2. Will the N386 confluence zone continue to hold this stock from falling?
Trade with care.
Please like, follow, and share your thoughts.
MTN Nigeria stock has demonstrated remarkable growth since trading around the 170 naira zone in December 2024.
As of December 9th, the stock was priced at 170 naira but has steadily rallied over the months to surpass several resistance levels (N320, N357 & N386).
Based on this momentum, the nearest most significant support zone is N386. This is a zone with confluence between an ascending resistance trendline and a support level.
The question is.
1. Can the buy continue with this vertical push-up up
2. Will the N386 confluence zone continue to hold this stock from falling?
Trade with care.
Please like, follow, and share your thoughts.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.