Following a robust performance in 2025 where FBN Holdings (
FIRSTHOLDCO) reached a peak of approximately 55 Naira, the stock has recently undergone a significant price correction.
This move was accelerated by a massive sell-off following the bank’s decision to write off approximately 748 billion Naira in legacy non-performing loans, a strategic "house-cleaning" aimed at long-term stability.
Technical Analysis and Chart Patterns
The current chart setup shows the stock trading within a widening wedge formed by two ascending trend lines. While the price recently broke below the upper boundary, it is now approaching a critical psychological and technical support level near the 41 Naira mark. This area aligns with the support zone for the 31st December 2025 sell-off.
Fundamental Drivers.
The recent profit dip, attributed to the one-time hit from debt provisioning, appears to be a "short-term pain for long-term gain" scenario.
Investor confidence remains anchored by strong board-level leadership (which includes Femi Otedola) and the bank’s significant interest income, which is healthy enough to absorb these impairments.
As the market prices in a "cleaner" balance sheet for 2026, a reversal from current lows becomes a high-probability technical setup.
Proposed Trade Levels
Entry Zone: 41.00 NGN
Target 1: 46.00 NGN
Target 2: 49.00 NGN
Target 3: 53.00 NGN
This setup is best suited for a medium-to-long-term holding period.
Disclaimer:
This analysis is for educational purposes only and does not constitute investment advice. Trading involves significant risk. Always conduct your own due diligence before entering any position.
FIRSTHOLDCO) reached a peak of approximately 55 Naira, the stock has recently undergone a significant price correction. This move was accelerated by a massive sell-off following the bank’s decision to write off approximately 748 billion Naira in legacy non-performing loans, a strategic "house-cleaning" aimed at long-term stability.
Technical Analysis and Chart Patterns
The current chart setup shows the stock trading within a widening wedge formed by two ascending trend lines. While the price recently broke below the upper boundary, it is now approaching a critical psychological and technical support level near the 41 Naira mark. This area aligns with the support zone for the 31st December 2025 sell-off.
Fundamental Drivers.
The recent profit dip, attributed to the one-time hit from debt provisioning, appears to be a "short-term pain for long-term gain" scenario.
Investor confidence remains anchored by strong board-level leadership (which includes Femi Otedola) and the bank’s significant interest income, which is healthy enough to absorb these impairments.
As the market prices in a "cleaner" balance sheet for 2026, a reversal from current lows becomes a high-probability technical setup.
Proposed Trade Levels
Entry Zone: 41.00 NGN
Target 1: 46.00 NGN
Target 2: 49.00 NGN
Target 3: 53.00 NGN
This setup is best suited for a medium-to-long-term holding period.
Disclaimer:
This analysis is for educational purposes only and does not constitute investment advice. Trading involves significant risk. Always conduct your own due diligence before entering any position.
Nota
Congratulations Nota
All targets achieved as TP.You can hold as long as you want from here, but lock your profit.
Operación cerrada: objetivo alcanzado
ALl target achieved
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.