$INTBREW OVER 75% RETRACEMENT & 4-YEAR CONSOLIDATIONEven though NSENG:INTBREW International Breweries PLC has shown Market Leadership & Strong Brand Portfolio Owning popular brands like Trophy, Hero, Beta Malt, and Castle Lite it's share price has lost over 75% of its value across 4years.
#INTBREW Current Price: 5.4
In light of the value lost, Price action has also shown a 4year consolidation between 3.5 - 6.5 (termed Buy Zone) in the Charts.
A break out of price above 6.5 can lead to much higher prices.
Resistance above: 6.5, 9.6, 13.9
This idea is invalidates when price action loses support at 4.0
Want to know more about Nigerian shares? Also get my Share picks for 1st quarter of 2025?
Chat me up! Check the link on my profile. Cheers
