Recent selling pressures observed on Guaranty Trust Bank stock price could possibly mean the stock is about to pullback to a support level. Identified however is the support at about 22 (Naira). If price is rejected at this level, then we could have a reversal to the upside & price could also go to re-test support at 19.21
N.B
- Let emotions and sentiments work...
From creating a higher-high, the stock price is now heavily declining and there is high probability of the stock re-testing between 26.50 and 26.80 before making any upward reversal attempt.
