$legendint Could LegendInt be undervalued? - 40% RetracementLegend Internet Plc on the Nigerian Stock Exchange (NGX) was listed on April 24, 2025, under ticker LEGENDINT. The company offers fiber-to-the-home (FTTH) services in Abuja and digital products like LegendMail and MailPay.
IPO price: ₦5.64 per share, closed first trading day at ₦6.20. Previously NSENG:LEGENDINT has reached an all time high of 10naira/share and has currently retraced over 40%
Current price: 5.90
As a newly listed small-cap, it faces low visibility and high volatility, contributing to weak investor demand and price devaluation. It would be interesting to see what the future holds for #legendint.
Upside resistance at 8naira and 10naira per share
Buy zone range is between 5 -6.2naira/share
Price action looks like an inverse cup and handle pattern - Not a bullish pattern!
Invalidation for this Legend Idea is under 5naira per share!
