Get started

Nigeriastockmarket

$accesscorp Accesscorp Cup and handle pattern... bullish?This is the chart of NSENG:ACCESSCORP (Access Holdings PLC) on the weekly timeframe, Current price: 28naira/share. Price action is forming a cup-and-handle-like structure pattern. * The recent move appears to be completing another **cup** formation, which is typically a bullish continuation pattern if confirmed with strong breakout volume. * Price action is currently at neckline resistance roughly ₦28–₦29 (current level), meaning price is testing a critical breakout zone. Key Levels to watch Immediate Critical Resistance: ₦28 – ₦29.00 (current battle zone; a breakout here could open room for further upside). First Target: ₦34.10 /share Second Target: ₦40.25/share (potential measured move from fibbonacci). Idea remains validated if this Support Zone remains respected ₦24.00 – ₦25.00 (mid-level pullback support). #accesscorp idea is invalidated under 24naira/share
NSENG:ACCESSCORPLong
by Ifiok-Trades
2
Third Quarter 2025 Nigerian share picks Update....Percentage Up!Here's a summary and update on the third quarter 2025 Nigeria stock picks based on the price comparison between July and August - 1month: Q3 2025 Trading View: Nigerian Stock Picks Update Strong Performers with Significant Gains: BUACEMENT: Up 48%, showing strong momentum as a cement sector leader. DANGSUGAR: Increased by nearly 37%, notable growth in the sugar sector. ELLAHLAKES: Shares rose over 36%, a promising performer. DANGCEM: Cement stock up about 20%, continuing solid growth. ETRANZACT: Up 24%, showing steady improvement in the tech/payment sector. MULTIVERSE: Grew by 24%, indicating healthy gains in diversified tech. NB: +28.8%, good growth for the banking/finance sector. Moderate or no Growth: ARADEL: Small increase of about 1%, steady but minimal movement. HMCALL: Stable with a minor 1.4% increase, remaining consistent. TRANSPOWER: No price change, holding steady for now. Overall Market Sentiment: Average gain across all picks is approximately +22%, a strong positive trend overall. Indicates a bullish sentiment on these carefully selected third-quarter stocks. Opportunity exists to take advantage of higher momentum sectors like cement, sugar, and tech/payment companies. Trading Takeaway: The Q3 2025 picks demonstrate robust growth potential, especially in key sectors like construction materials and tech/payments. Conservative performers provide portfolio stability while high growth stocks offer upside. Continual monitoring for volume and market news is recommended to capitalize on gains and manage risks moving forward.
NSENG:DANGSUGAR
by Ifiok-Trades
11
$MULTIVERSE Multiverse over 60% retracement from All time HighNSENG:MULTIVERSE Multiverse Mining & Exploration Plc focuses on quarrying solid minerals (granite, zinc, tin, tantalite, barite, columbite, gold, etc.) in Nigeria, with operations in Ogun and Nasarawa State. Currently NSENG:MULTIVERSE has lost over 60% of its value from an all time high of 24.50/share and is in consolidation. Current price: 9.85naira/share Low risk Buy zone levels is between 6.8naira - 10naira/share Expecting #Multiverse to retest previous resistances at 17naira/share and 24naira/share if price attempts a recovery. 📈 Key Levels Breakout above ₦10.20 Breakout zone – key resistance turning into support if broken ₦17.1 TP1 – next major resistance (target) ₦24.5 TP2 – higher resistance / bull target Invalidation of this idea is a weekly close under 6.8naira/share
NSENG:MULTIVERSELong
by Ifiok-Trades
6
From Fish Farming to Agribusiness Giant: Ellah Lakes’ 304% Rise Ellah Lakes Plc is a Nigeria‑based agribusiness firm, once focused on fish farming but now primarily engaged in oil palm, cassava, maize, soya, and rice production and processing, operating plantations across Edo, Ondo, Enugu, Ekiti (Nigeria) and Ghana. This asset has made roughly 304% gain since 2nd of June of this year. The questions are: 1. Is this vertical growth sustainable? 2. Will price action be respected technically as shown on the chart? 3. Will Ellah Lake drop back to close the yellow gap? (N5.3 - N6 zone) My final view: After a 304% gain since June, I am now questioning the sustainability of this vertical move, key technical zones, and whether a price correction to the ₦5.3–₦6 gap is on the horizon Trade with care
NSENG:ELLAHLAKESShort
by ForexClinik
MTN Nigeria Stock: A Strong Rally smashing the roofMTN 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.
NSENG:MTNN
by ForexClinik
2
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. Please: Follow me, like, and share my analysis. Also let me know your viee
NSENG:MTNNLong
by ForexClinik
1
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. Please, if you found this helpful, kindly follow me, like, share my chart and let me know your thoughts on the comment session
NSENG:NBLong
by ForexClinik
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.
FLong
by ForexClinik
2
GTCO: Testing Key Support – Will It Hold?GTCO: Testing Key Support – Will It Hold? GTCO has demonstrated remarkable price action over the years, reflecting both bullish surges and periods of retracement. On January 22, 2018, the stock reached an all-time high (ATH) of approximately N57 before experiencing a prolonged decline. However, the tides shifted on October 4, 2022, when GTCO rebounded from a low of N17, igniting a sustained upward trajectory. Despite intermittent corrections, this stock has maintained a broader bullish structure, culminating in a fresh ATH of N64.5 on March 3, 2025. Key Technical Questions: 1️⃣ Will the N57 Level Act as a Strong Support? The previous ATH of N57, now potentially acting as a support zone, is a crucial level to watch. If this level holds, it could serve as a strong demand zone, providing a foundation for further price appreciation. However, a decisive breakdown below N57 with increased selling pressure may signal a deeper retracement. 2️⃣ What’s Next for GTCO? If N57 proves resilient, a consolidation phase could set the stage for another rally toward higher price targets. A sustained breakout above N64.5 would confirm continued bullish momentum, potentially opening doors for price discovery into uncharted territory. Conversely, a failure to hold above N57 could see the stock revisiting lower support levels, with N57 and N49.5 being key areas to monitor. Conclusion GTCO remains in an overall bullish structure, but the ability of the N57 support level to hold will dictate its next major move. Traders and investors should watch for confirmation signals—such as volume trends and price action near this critical zone—before making strategic decisions.
NSENG:GTCO
by ForexClinik
2
TRANSCORP (NGN) Breaks Out of Consolidation – Potential UpsideTRANSCORP (NGN) Breaks Out of Consolidation – Potential Upside Ahead TRANSCORP has successfully broken out of its immediate consolidation zone and is currently trading at ₦61. If this breakout is sustained, it presents a promising opportunity for bullish momentum. Given the current market structure, I am looking to maintain a buy position around ₦58 - ₦61, with ₦70 and ₦80 as my key target price (TP) zones. As with all trades, patience is essential, and I am prepared to hold my position strategically for optimal returns. Trade wisely and manage risk accordingly.
NSENG:TRANSCORP
by ForexClinik
I am optimistic about the outlook for STANBIC stockI am optimistic about the outlook for STANBIC stock. Currently, Stanbic IBTC Holdings (STANBIC) on the NGX is trading above a rising trendline that is providing solid support. While I am bullish on the stock, I am awaiting a pullback to the N57 level to execute my two planned entries. To manage risk, I will set my stop loss at the N51.25 level for both entries. My first target price (TP1) is N68.6, aligning with the FIB61.8% retracement level. For my second target (TP2), I am setting my sights on the all-time high (ATH) zone, which is N83.
NSENG:STANBICLong
by ForexClinik
4
Where Is TRANSCORP on NGX Heading Next?TRANSCORP recently broke its previous all-time high (ATH) of ₦53.5, setting a new ATH at ₦54.5. However, the bullish momentum did not sustain, and the price has retraced to the ₦50 zone, which is now acting as a key support level. Currently, there are no strong fundamental drivers indicating the possibility of a new rally. This raises the question: Could we see the price decline further to the ₦46 zone, a level that has served as strong support multiple times in the past? The Nigerian Exchange (NGX) has been quite volatile recently, and TRANSCORP is no exception.
NSENG:TRANSCORP
by ForexClinik