Guinness Nigeria PLC ... time to buy?So!
Guiness NIgeria PLC price action just formed a Cup and Handle pattern. The chart could also double for an inverse head and shoulder.
Current price: 60.25
Investment buy reasons:
1. Notably, a high volume buy of over 49.5m just entered into the market.
2. Current price is the low price of 2017 and hence Low Risk Buy
Profit taking areas if this analysis proves right: 107, 170, 212
Analysis invalidates below 49
One of the questions i get: "why you charting stocks?". Really? Isn't Price action involved in it's movements?
