Will $Aradel Aradel Fractal Setup Repeat? Down -18% from ATHARADEL’s Fractal Setup — Will History Repeat?
Is Aradel ( NSENG:ARADEL ) moving in repeating fractals? — a pattern of strong rallies, quick pauses, sharp pullbacks, and steep recoveries. Each dip in this sequence has so far created the foundation for the next rally leg, showing how market psychology often mirrors itself on the chart. Current price: 710naira/share
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The First Fractal
The first major pattern appeared when price rallied from **₦520 → ₦689 (+29%)**, followed by a mild correction of about –13%.
That retracement found support around the moving average zone, after which the stock continued its steady climb — confirming strong buyer re-entry at lower levels.
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The Current Setup
This latest fractal looks even more aggressive.
Price surged from ₦580 → ₦869 (+49%) before pulling back sharply — already down roughly –18%.
Currently, the ₦710 zone is acting as a short-term support level.
If this area holds, it could mark the end of the correction and the start of the next bullish swing.
The Fractal Projection
If history rhymes once more, the next upward leg could target the **₦950–₦1,000** resistance range — a natural extension zone aligning with prior swing highs.
However, a decisive breakdown below **₦624** would invalidate the fractal and signal a deeper retracement phase, possibly toward the longer-term trend support.
Summary
* Current support: ₦710 (key pivot)
* Fractal invalidation: ₦624
* Next potential target: ₦950–₦1,000
* Trend bias: Bullish if ₦710 holds; neutral-to-bearish if ₦624 breaks.
Fractals don’t predict price — they simply hint where institutional interest and historical rhythm may align. #ARADEL #NGX #NigerianStocks #PriceAction #FractalPattern #TechnicalAnalysis #InvestingNigeria
