Page 6 | Ideas and Forecasts on Stocks — Nigeria — TradingView

$ellahlakes Ellahlakes over 45% Retracement from 5.4naira/share Ellah Lakes Plc, established in 1980 and headquartered in Benin City, Nigeria, is an agribusiness company engaged in cultivating oil palm, cassava, soybean, maize, and rice. The company manages plantations across Edo, Ondo, and Enugu States. NSENG:ELLAHLAKES all time high is 5.4naira/share in September 2024 Current price: 2.99naira/Share #Ellahlakes is currently a low risk investment with possible heights of 3.9 and 4.7 per share. Preferred buy zone is between: 2.7-3.1 Please Note: Idea In

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MTN Nigeria Stock Analysis and Outlook MTN Nigeria Stock Analysis and Outlook MTN Nigeria has shown a strong recovery, breaking out of its prolonged downtrend in early December 2024. Since then, the stock has delivered an impressive rally, gaining nearly 70% in value. As of the latest trading session, MTN Nigeria closed at ₦279. From a technical analysis standpoint, there is a possibility of a short-term pullback toward a key support zone (indicated in yellow on the chart). Should this level hold, the stock may continue its upward

$INTBREW OVER 75% RETRACEMENT & 4-YEAR CONSOLIDATION Even though NSENG:INTBREW International Breweries PLC has shown Market Leadership & Strong Brand Portfolio Owning popular brands like Trophy, Hero, Beta Malt, and Castle Lite it's share price has lost over 75% of its value across 4years. #INTBREW Current Price: 5.4 In light of the value lost, Price action has also shown a 4year consolidation between 3.5 - 6.5 (termed Buy Zone) in the Charts. A break out of price above 6.5 can lead to much higher prices. Resistance above: 6.5, 9.6, 13.9 Thi

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WATCH OUT FOR VERITASKAP From around 0.83, VERITASKAP created an all-time high of around 1.81. This happened between August 2024 and September 2024. Then, price dropped into the discount level where is currently. The current price action shows that price is in a discount level, at a demand zone and within a falling wedge. From a chart pattern perspective, falling wedge can be seen on the chart and a break out of the downtrend and resistance level around 1.06 with a bullish candle closing above these levels will serve a

ACCESSCORP LONG IDEA According to the Compendium of Broker's stock recommendation from May 26 to 30, 2025, a buy recommendation was made for ACCESSCORP. This caught my attention and I needed to see what made Bancorp Securities, Afrinvest and Lead Capital to make the buy recommendation. In January, 2024, ACCESSCORP reached its all-time high, a value around 30.75. This rally started in September 2023 from a value of around 14.50. Then, there was a pullback into the discount in April, 2024 at a value of around 15.95.

NEM SHORT IDEA NEM Insurance stock is ready to have a drop. There's a bearish divergence signal from the awesome oscillator showing that there's a high tendency for the price of the stock to drop as much as to 11.65 and below that value. Any value below 11.50 is the discount level where there can be a potential for the next long opportunity. Looking at the past data, some patterns were revealed. In September 2016, there was a bearish divergence signal and the price dropped from around 3.71 to around around 1

NASCON LONG IDEA CONTINUATION NASCON stock reached its all time high value of around 77 in January 2024. This happened after a bearish divergence signal from the awesome oscillator. Then, it dropped into the discount level. After which a bullish divergence signal was given, followed by a breakout. Since that breakout, price has been going up and rally for the all-time-high value. The first long opportunity could have been in November 2024 when the price was around 30. The next opportunity was when the price was around 44. Th

Berger Paints PLC Berger Paints PLC stock is showing a bullish signal for appreciating in value. The price dropped into a discount level and broke a down trend line with a strong bullish candle, closing above the trendline. This happened when the price was also in an oversold region as indicated by Awesome Oscillator. Currently, there has been a pull back with a rejection, showing more confidence in the bullish move. The stock can be bought at the current price while targeting 24, 26.60 and 30.80 as the final t

RT BRISCOE PLC LONG IDEA RT BRISCOE PLC stock, after reaching its all time high, dropped to discount level. Currently, it has broken out of down trend line with a strong weekly bullish candle closing above a the down trend line and resistance level. The awesome oscillator is also in the oversold region with a bullish signal. An aggressive trader or investor can buy at the current price while a conservative trader or investor may wait for a drop to around 2.20 and 2.30 to place a buy. While you can also so spread your ri

MY BUY OUTLOOK FOR FIDELITY BANK NIGERIA stock MY BUY OUTLOOK FOR FIDELITY BANK NIGERIA stock. This week has been a bleeding week for Fidelity stock despite a 64.2% year-on-year increase in gross earnings to N315.4 billion in Q1 2025. I will patiently wait for entry at N16.5 zone and SL at N15.5 zone. RR of 1:4 Trade with care. Like, share,and follow me if you found this helpful

$Nestle PLC over 40% retracement in a Falling Wedge Nestlé Nigeria Plc is a leading food and beverage company in Nigeria, manufacturing and marketing a variety of products under renowned brands such as Maggi, Milo, Nescafé, and Golden Morn. MYX:NESTLE all time high is about 1600 Naira/share Current price: 975 Naira/share - A 40% discount from all time high. In the past, after #nestle price action broke out its falling wedge, it made over a 100% move upwards. IF HISTORY REPEATS, Nestle stands a chance to reclaim these resistances: 1026, 12

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My View on Nigerian Breweries PLC (NB)My View on Nigerian Breweries PLC (NB). This asset has made a significant ride up from its recent low, which broke the previous N45 resistance zone, and hit a new resistance zone around N56 before dropping a bit. If the N45 support continues to hold strong, we might see this asset rally towards the ALMIGHTY resistance level around N68. Looking at the chart, the 68 level marked yellow is a critical level for all investors. Trade with care. Please, if you found this helpful, kindly follow me,

My buy view for ACCESS Holding PLC. My buy view for ACCESS Holding PLC. This asset is currently forming the right-hand of the W-pattern. If this reversal pattern comes to play, we should expect an imminent buy for this stock. Check out my entry, SL and TP on the chart

FBNH Stock Analysis and Technical Outlook FBNH Stock Analysis and Technical Outlook First Bank Holding (FBNH) has experienced a consistent downtrend over the last four trading weeks, closing the most recent week at ₦38.25 per share. Based on current technical indicators and price action, there appears to be a strong likelihood that the stock may decline further, potentially reaching a key support zone around ₦26.65. Should the price action confirm a reversal from this support area, a rebound towards the ₦33 and ₦38 levels may occur. T

Update! 1st Quarter Nigerian Share Picks for 2025 (DEC30-JAN30)Between the two given dates (DEC30 - JAN30), stock prices have shown a positive overall trend, with an average percentage change of approximately 16.29% across all listed stocks. Key observations: Significant Gainers: Some stocks like SCOA(+97.5%). MULTIVERSE(+50%) MTNN (+20.31%) and UPDC (+26.58%), experienced notable growth. Moderate Increases: Stocks such as FBNH (+3.72%), FTNCOCOA (+5.00%), and GUINNESS (+9.61%) saw steady increases. Broad Market Growth: Most stocks had a price increase,

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Nigerian Share Picks for Second Quarter 2025 (APRIL - JUNE 2025)My share choice for Second Quarter 2025 ELLAHLAKE 2.90 (low risk) Active trading, small-cap stock with growing momentum. INTBREW 5.05 (low risk) High volume, possible interest buildup despite recent dips. NASCON 43.95(medium risk)Strong performance; good short- to mid-term growth potential. NB 32.00(low risk) Stable, consumer-facing; may need a catalyst for price movement. MTNN 245.00(medium risk)Defensive blue-chip; solid for long-term holding and dividends. GUINNESS 80.00(medium risk) Resilie

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UBA on Nigeria Exchange may be heading to N35 - N34 UBA on Nigeria Exchange may be heading to N35 - N34 Look at my analysis on the chart and you will see my sentiment for sell. The TL and horizontal lines have my eyes.

My buy for Access Holding Stock on NGX My buy for Access Holding Stock on NGX This is my entry target with RR of 1:34 for ACCESS BANK STOCK. I will wait for this asset to pullback to 21.95 zone as shown on the chart for buy limit. I have a trade entered on CMP. See you guys

CUSTODIAN stock on Nigeria Exchange to likely hit N21 soon.CUSTODIAN stock on Nigeria Exchange to likely hit N21 soon. This stock made it to the position of 3rd best performing stock on the NGX gainers table. The move from N19.6 to N21.5 was a rapid one. I will be looking at N22 as a likely resistance to the upward move.

GTCO: Testing Key Support – Will It Hold?GTCO: Testing Key Support – Will It Hold? GTCO has demonstrated remarkable price action over the years, reflecting both bullish surges and periods of retracement. On January 22, 2018, the stock reached an all-time high (ATH) of approximately N57 before experiencing a prolonged decline. However, the tides shifted on October 4, 2022, when GTCO rebounded from a low of N17, igniting a sustained upward trajectory. Despite intermittent corrections, this stock has maintained a broader bullish str

TRANSCORP heading to N43 zone.TRANSCORP heading to N43 zone. This is 3rd week of straight loss for this asset. I am looking at a buy opportunity around N43 which happens to be a confluence of an ascending trendline and a horizontal support level. If this is favoured by fundamentals, we should be targeting a RR of 1:4.5 Long term investors have no worry with SL

MTN Nigeria Stock: A Strong Rally with ₦250 in Sight MTN Nigeria Stock: A Strong Rally with ₦250 in Sight. MTN Nigeria stock has demonstrated remarkable growth since trading around the 170 naira zone in December 2024. As of December 9th, the stock was priced at 170 naira but has steadily rallied in recent weeks to surpass 240 naira today. Based on this momentum, the next potential resistance level appears to be around 250 naira. If buying interest continues and market conditions remain favourable, we could see the stock test 250 naira level

My Technical view of UBA on NGX My Technical view of UBA on NGX This asset is currently on a support level. A fall below this level without strong positive fundamentals may punish this stock further downward. N34 is a critical support level after dropping from the ATH

TRANSCORP (NGN) Breaks Out of Consolidation – Potential Upside TRANSCORP (NGN) Breaks Out of Consolidation – Potential Upside Ahead TRANSCORP has successfully broken out of its immediate consolidation zone and is currently trading at ₦61. If this breakout is sustained, it presents a promising opportunity for bullish momentum. Given the current market structure, I am looking to maintain a buy position around ₦58 - ₦61, with ₦70 and ₦80 as my key target price (TP) zones. As with all trades, patience is essential, and I am prepared to hold my position str