The weekly indecision and rejections ongoing with FBNH stock price makes the short term direction unclear. On the medium term trend however, the stock has turned a little bit bullish and a decline below 5 Naira is much desirous. Looking at the volume, the stock has a decent average volume than when it declined towards April 2020; this could indicate fewer decline...
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.
Flourmill of Nigeira stock price might have kissed all time low and might have seriously suffered due to whatever reasons, the current outlook of the stock should not be overlooked at the moment. Price struggling to break below support at 13.30, intermediate trendline now violated and the increase in volume - all these are pointers to better things to happen for...
With newly introduced stock into the Nigerian Stock Exchange, MTN is now looking for a support zone to hold its pullback price. A price below 132 will apparently not be a bad idea for the moment...
ETI stock price attempt to continue downtrend after breaking the stock's all time low was finally rejected with the market full of panic sellers and hopeful buyers. Going forward, with I expect price to dip a little bit down in the coming weeks or months towards a critical zone between 6.20 and 7.00. It could possible start to rally immediately, but - that will...
