Dangote Cement (DANGCEM): Key Level to Watch – ₦480Dangote Cement (DANGCEM): Key Level to Watch – ₦480
Dangote Cement’s price action is currently forming a pennant pattern, which typically signals a possible continuation of the bullish trend. However, traders and investors should pay close attention to the ₦480 zone, which may act as a critical support level.
If ₦480 holds, we could see a rebound and continuation of the uptrend.
If ₦480 fails, there is a risk of further downside before another recovery attempt.
For long-term investors, the outlook remains bullish. Dangote Cement continues to demonstrate strong fundamentals, making it a stock worth holding despite potential short-term fluctuations.
📌 This outlook is for educational purposes only and not financial advice. Trade and invest responsibly.
