MTN Nigeria Stock Analysis and OutlookMTN Nigeria Stock Analysis and Outlook
MTN Nigeria has shown a strong recovery, breaking out of its prolonged downtrend in early December 2024. Since then, the stock has delivered an impressive rally, gaining nearly 70% in value.
As of the latest trading session, MTN Nigeria closed at ₦279. From a technical analysis standpoint, there is a possibility of a short-term pullback toward a key support zone (indicated in yellow on the chart). Should this level hold, the stock may continue its upward momentum with a potential push toward the ₦300 psychological resistance level.
While the medium-term trend remains bullish, it is important to approach this with caution—particularly for short-term traders. Implementing a well-placed stop loss remains crucial to manage downside risks effectively in volatile market conditions.
Disclaimer:
This analysis is for informational purposes only and should not be construed as financial advice. Always conduct your own due diligence before making investment decisions.
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My View on Nigerian Breweries PLC (NB)My View on Nigerian Breweries PLC (NB).
This asset has made a significant ride up from its recent low, which broke the previous N45 resistance zone, and hit a new resistance zone around N56 before dropping a bit.
If the N45 support continues to hold strong, we might see this asset rally towards the ALMIGHTY resistance level around N68.
Looking at the chart, the 68 level marked yellow is a critical level for all investors.
Trade with care.
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FBNH Stock Analysis and Technical OutlookFBNH Stock Analysis and Technical Outlook
First Bank Holding (FBNH) has experienced a consistent downtrend over the last four trading weeks, closing the most recent week at ₦38.25 per share. Based on current technical indicators and price action, there appears to be a strong likelihood that the stock may decline further, potentially reaching a key support zone around ₦26.65.
Should the price action confirm a reversal from this support area, a rebound towards the ₦33 and ₦38 levels may occur. These levels represent potential profit targets 1 and 2, respectively, for swing traders and medium-term investors.
From a fundamental perspective, FBNH appears undervalued at current levels, especially when considering its Price-to-Earnings (P/E) ratio of approximately 1.5. This suggests that the stock may be trading below its intrinsic value, which could attract long-term investors seeking undervalued opportunities in the Nigerian banking sector.
Caution is advised, however, as overall market sentiment and macroeconomic factors could influence short-term price movements. Investors and traders are encouraged to apply risk management strategies and conduct further due diligence before taking any position.
Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Always consult with a certified financial advisor before making trading decisions.
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We Must Keep An Eye On BUA CementBUA Stock price is now creating a new 52 week high having closed last trading week at 44 Naira. And with book favouring future growth of the company, everything looks promising. If the price can break above 44, and re-test it in near future, its a good opportunity to key into the market otherwise, a decline to value price either at 38 or 41 even provide a better entry price.
N.B
- Let emotions and sentiments work for you
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