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NGXGROUP

GTCO: Technical Outlook and Bullish Projection for 2026LSE:GTCO : Technical Outlook and Bullish Projection for 2026 The Guaranty Trust Holding Company (GTCO) has recently demonstrated a technical pullback toward a significant ascending trendline. This primary support structure has been developing since mid-April 2025, originating near the N57.5 level. This correction followed the stock reaching a notable all-time high (ATH) of approximately N103. Technical Analysis and Key Levels. Currently, the N89 level serves as a critical resistance zone. The price action at this junction will likely determine the medium-term trajectory. There are two primary scenarios to consider: 1. Resistance Confirmation: If the N89 zone holds as firm resistance, we may see a secondary retest of the ascending trendline. This would allow for further liquidity accumulation before a potential bullish continuation. 2. Support Stability: The primary ascending trendline remains the backbone of the current bullish thesis. A successful defence of this line suggests that the long-term upward momentum is still intact. Trade Setup and Risk Management. The following levels are identified based on current market structure and historical volatility: Entry Zone: N85.2 Target 1 (TP1): N103.2 (Previous ATH Resistance) Target 2 (TP2): N120.0 (Extended Projection) Stop Loss: N76.8 Risk-to-Reward (R:R) Profile: Scenario A (TP1): 1:2.14 Scenario B (TP2): 1:4.27 Disclaimer: This analysis is provided for educational and informational purposes only. It does not constitute investment advice, financial advice, or a recommendation to buy or sell any security. Trading involves significant risk of loss and is not suitable for all investors. Please conduct your own due diligence or consult with a licensed financial advisor before making any investment decisions.
NSENG:GTCOLong
by ForexClinik
Technical Analysis: Zenith Bank PLC (ZENITHBANK)Zenith Bank is currently undergoing a corrective phase following its all-time high (ATH) of N78.5. From a technical perspective, the asset is facing significant resistance at the N63 level, where the current downward trend converges with horizontal resistance. As a technical trader, my strategy focuses on the ascending trend line visible on the chart. Given the current struggle to break through overhead resistance, I anticipate a further retracement toward this ascending support to find a high-probability entry point. Proposed Entry Zones I have identified two primary entry zones based on psychological levels and historical support: • Primary Entry: N60.0 (Psychological Level) ◦ Risk/Reward (RR1): 1:2.6 • Secondary Entry: N58.6 (Trend Line Confluence) ◦ Risk/Reward (RR2): 1:3.4 • Stop Loss (SL): N52.8 Risk Management While active traders should strictly adhere to the stop-loss level of N52.8 to protect capital, long-term investors may choose a different risk profile based on their individual investment horizons. Please manage your positions with care and continue to refine your technical skills
NSENG:ZENITHBANKLong
by ForexClinik
$Conoil Conoil price currently devalued - Over 45% Retracement!NSENG:CONOIL Conoil PLC is a leading downstream energy company in Nigeria, active in marketing refined petroleum products, lubricants and LPG. Latest data shows: Revenue (TTM) of ~ ₦286.2 billion, net income ~ ₦1.65 billion, P/E approximately 88.7×. The main risk: margins are under pressure, cost of sales rising, and recent performance has disappointed in short-term horizon. Conoil main strength: strong brand, wide distribution network, and established business in Nigeria’s energy sector. After a strong parabolic rally, CONOIL is now in a corrective phase of about 45%. I’m preparing to accumulate gradually—not all at once—as price approaches long-term value areas. The Plan: Dollar-cost averaging (DCA) slowly into weakness, targeting the 200 EMA as my final support zone. This approach reduces risk and smooths my entry cost over time. Buy Zones: ₦230–₦200: Light entries (early DCA) ₦180–₦160: Moderate accumulation ₦160–₦145: Heavy accumulation (near 200 EMA) Each tranche increases exposure as price nears fair value. Why the 200 EMA? The 200 EMA often acts as the “fair value” line—after strong trends, price tends to return here before establishing a new base. It’s where patient money usually steps back in. Planned Targets After Reversal: TP1 → ₦314: Retest of structural resistance TP2/TP3 → ₦403 / ₦501: Full cycle recovery / momentum expansion. Once the trend turns, these are the resistance zones I’ll be watching. Risk Management: Idea invalidation if weekly candle closes below ₦145, that’s a break of structure. I’ll pause or sell off accumulation until price stabilises or forms a clear base. Not Financial Advice!!
NSENG:CONOILLong
by Ifiok-Trades
The Nigerian Exchange Group (NGXGROUPThe Nigerian Exchange Group (NGXGROUP) is the company that owns and operates the Nigerian Exchange (NGX), where other companies’ stocks are traded. Because of this role, NGXGROUP’s performance is partly linked to the overall health of the Nigerian stock market. When trading activity is high, more companies list their shares, and investor confidence is strong, NGXGROUP often benefits — so its stock price tends to rise when the broader market is doing well. However, NGXGROUP is not just another listed company; it operates as a business that earns revenue from transaction fees, data services, and market operations. This means its stock may not always move exactly in line with the general market. At times, internal company decisions, management performance, or regulatory issues can cause its price to move differently from other Nigerian stocks. Overall, NGXGROUP’s share price shows a positive but not perfect correlation with the rest of the market. It tends to move in the same direction as the Nigerian Exchange Index but with less intensity — meaning it rises and falls with the market but not as sharply. Historical data shows it has even outperformed the market in certain periods, suggesting both market-driven and company-specific factors influence its performance. TECHNICAL VIEW: This asset retraced to FIB 61.8%, which is a critical level. If all things are equal, the push-up that has started should continue from here. MY buy: N60 TP: N80 trade with care
NSENG:NGXGROUPLong
by ForexClinik
$hmcall Hmcall Haldane Mccall Plc price at -40% DiscountNSENG:HMCALL Hmcall Haldane McCall operates in Nigerian real estate development and hospitality via subsidiaries Suru Homes and Suru Express Hotels. Current price: 4.05 naira per share hmcall Current price is -40% discount of previous all time high of 6.8naira per share. There is a likelihood that prices will stabilize around here as there is a double bottom formation in price action and Moneywave indication just turned upward from negative territory, My buy zone: 4.05 - 4.72 (Not financial Advice) Assuming a reversal in price. Tp1 = 6.50naira per share and Tp2 = 8.35naira per share (assuming bullish momentum is sustained) #Hmcall Idea is invalidated under 4naira per share
NSENG:HMCALLLong
by Ifiok-Trades
NSE All-Share Index Continues Its Impressive Bullish Movement!The Nigerian Stock Exchange All-Share Index (NSE ASI) continued its impressive performance in the last trading week ended January 12, 2024, registering a significant index gain of 4.24%. The market opened at 79,664.7 and closed the week at a robust 83,043.0. This marks another week of strong bullish momentum. Leading the pack was the Consumer Goods sector, which saw a remarkable 9.6% increase in its index, closely followed by the Insurance sector with a 7.63% rise. The only sector to record a decline was Oil & Gas, which experienced a marginal loss of 1.61%. Given the sustained upward trend with no signs of slowing down, the NSE ASI demonstrates strong potential for continued bullish growth in the coming weeks. N.B! - ASI price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #ASI #NSEASI #NGX #ngxgroup #ubagroup #THISDAYLIVE #FirstBankngr #JaizBankNG #fidelitybankplc #wemabank #UnityBankPlc #UNIONBANK_NG #MyFCMB #StanbicIBTC #ZenithBank #gtbank #myaccessbank #SECNigeria
NSENG:ASILong
by BullBearMkt