Ellah — Trading Ideas on TradingView

$ellahlakes Ellahlakes over-39% Retracement from 19.4naira/share ELLAH LAKES – Weekly Technical Outlook NSENG:ELLAHLAKES Ellahlakes over-39% Retracement from 19.4naira/share All time High Current price: 11.75naira per share Ellah Lakes has retraced from its all-time high of ₦19.4 to a current low around ₦11.74 — a healthy 39% correction from the peak. This type of retracement is typical of a market cooling off after a strong impulsive move, not a structural breakdown. Price is now retesting previous supports and a possible accumulation zones where fresh demand could emerge. Rebuy Zone btw ₦10.95– ₦12.70: This zone sits near the last major breakout level — a classic area for price to retest and confirm as support. If bulls defend this area, it could trigger the next impulsive leg higher. Rebuy Zone btw ₦8.90 – ₦10.95: A deeper liquidity level and structural base. Only comes into play if the retracement extends further, but it offers an excellent accumulation opportunity in a longer-term bullish context. **Targets:** TP1 remains ₦17.50, which coincides with previous resistance just below the all-time high. TP2 sits at ₦23.05 — a Fibonacci extension move if momentum resumes and buyers reclaim control. As long as price holds above ₦8.90 on the weekly timeframe, the broader bullish structure remains valid. Invalidation of this idea is Under 8.90naira per share. This is not financial Advice!! **Summary:** Ellah Lakes is undergoing a standard 35–40% retracement within a larger uptrend. The defined rebuy zones (₦12.70, ₦10.95, ₦8.90) represent sound areas to monitor for signs of reversal and accumulation before the next rally leg develops. Else further decline! NFA

#Livestock Livestock Feeds PLC price (Weekly) at 40% discount #Livestock Livestock Feeds PLC (W1) at 40% discount — Buy Zone or Breakdown? Livestock Feeds is currently trading at a critical decision level after a prolonged pullback from its recent all time highs of 10.85naira per share. Price action is now interacting with a well-defined demand zone, making this an important area for both swing traders and position investors. Current price: 6.70naira/share Technical Outlook After peaking around the ₦10.85 region, price entered a corrective phase, not an impulsive sell-off. The decline has now brought price back into a level that may begin act as consolidation support.The latest weekly candle shows a bullish reaction from demand, suggesting selling pressure is weakening and buyers are beginning to step back in. Key Technical Levels **My preferred Buy Zones** ₦5.45 – ₦6.65 → Primary buy zone ₦4.21 - ₦5.45 → Secondary Buy zones Resistances / Targets ₦10.20 → Previous swing high (TP1) ₦13.90 → Expansion target (TP2) As long as price **holds above ₦4.2 on a weekly close, the broader structure remains bullish, Invalidation lives under 4.2naira per share Fundamental Context Livestock Feeds operates within Nigeria’s agro-industrial value chain, benefiting from long-term growth in protein consumption and food security initiatives. This makes LIVESTOCK better suited for medium-term positioning rather than passive long-term holding. Trade Thesis Price is in demand zone Clear upside levels already defined Risk can be tightly managed below ₦5.45 Weekly close below ₦4.2 invalidates the bullish setup ***This is not financial Advice*** **Always manage your risk**. This is a level-based setup, not a blind buy.** Summary: LIVESTOCK is at a make-or-break level. Holding support opens the door for a medium-term recovery toward ₦10+, while a breakdown below ₦4.2 flips my bias bearish.

$ellahlakes Ellahlakes over 45% Retracement from 5.4naira/share Ellah Lakes Plc, established in 1980 and headquartered in Benin City, Nigeria, is an agribusiness company engaged in cultivating oil palm, cassava, soybean, maize, and rice. The company manages plantations across Edo, Ondo, and Enugu States. NSENG:ELLAHLAKES all time high is 5.4naira/share in September 2024 Current price: 2.99naira/Share #Ellahlakes is currently a low risk investment with possible heights of 3.9 and 4.7 per share. Preferred buy zone is between: 2.7-3.1 Please Note: Idea Invalidation is Under 2.7 Indicator in use is the SuperAI: Check my Profile for more Information.