For some weeks, there had been a breakout of a bearish trendline. However, the awesome oscillator was still showing red bar. Recently, a green bar has been shown indicating that buyers are in the market. Although, there hasn't been a strong momentum. In few weeks to come, a strong momentum could follow up.
To take advantage of this opportunity, you can buy at the current market price. Targets are N108.2 (15.62%), N118.5 (26.30%) and N138.7 (48.08%).
Confluences for the long opportunity
1. Trendline and resistance level breakout
2. Bullish market structure
3. The stock is oversold
Disclaimer: This is not a financial advice. The projection maybe different from the actual outcome. Don't invest your money on the stock if you're not willing to accept the risk.
To take advantage of this opportunity, you can buy at the current market price. Targets are N108.2 (15.62%), N118.5 (26.30%) and N138.7 (48.08%).
Confluences for the long opportunity
1. Trendline and resistance level breakout
2. Bullish market structure
3. The stock is oversold
Disclaimer: This is not a financial advice. The projection maybe different from the actual outcome. Don't invest your money on the stock if you're not willing to accept the risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.