JOHN HOLT LONG IDEAJOHN HOLT stock retested a support level and trendline last week and closed above these key levels, showing the readiness of buyers to push price higher. This was confirmed with a strong volume momentum.
To take advantage of this long signal, you can buy at the current market price. The stop can be at N5.75 (-20.14%) while the targets are N10 (38.89%) and N10.95 (52.08%).
Confluences for the long idea:
1. Breakout and retest of a trendline
2. Uptrend
3. Strong volume momentum
4. Support level
Disclaimer: This is not a financial advice. The outcome maybe different from the projection. Don't take the signal if you're not willing to accept the risk.
