Page 7 | Ideas and Forecasts on Stocks — Nigeria — TradingView

I am optimistic about the outlook for STANBIC stock I am optimistic about the outlook for STANBIC stock. Currently, Stanbic IBTC Holdings (STANBIC) on the NGX is trading above a rising trendline that is providing solid support. While I am bullish on the stock, I am awaiting a pullback to the N57 level to execute my two planned entries. To manage risk, I will set my stop loss at the N51.25 level for both entries. My first target price (TP1) is N68.6, aligning with the FIB61.8% retracement level. For my second target (TP2), I am setting my s

Oando Plc stock has lost nearly a third of its ATH Oando Plc stock has lost nearly a third of its ATH. This stock moved from around 9.4 naira to nearly 100 naira per stock in just 5 months. The stock has been down significantly from that peak. It is situated on FIB23.6 currently as resistance. Should we expect this stock to fall further? Can this asset ever get to the 37 naira zone again anytime soon?

Where Is TRANSCORP on NGX Heading Next?TRANSCORP recently broke its previous all-time high (ATH) of ₦53.5, setting a new ATH at ₦54.5. However, the bullish momentum did not sustain, and the price has retraced to the ₦50 zone, which is now acting as a key support level. Currently, there are no strong fundamental drivers indicating the possibility of a new rally. This raises the question: Could we see the price decline further to the ₦46 zone, a level that has served as strong support multiple times in the past? The Nigerian Exchang

MRS Oil on NGX is dropping from ATH MRS Oil on NGX is dropping from ATH This stock hit its ATH of N218 last month. Following this, the asset has started pulling back. The question is: how far will it pull back?

DANGOTE Sugar refinery outlook DANGOTE Sugar refinery outlook. N30.97 my likely buy entry SL for N26.95 TP for N37.85 and beyond. All things being good

Unilever Stock on NGX: Technical Analysis and Forecast Unilever stock on the NGX reached its all-time low of ₦10 around March 30, 2020, during the global market downturn. From March 2020 to November 4, 2024, it traded in a range between ₦10 and ₦20, consolidating within this zone. On November 4, 2024, the stock broke out of the ₦10-₦20 range, signalling the start of a bullish rally that has since propelled the price upward. Currently, the stock has completed a 50% retracement from its last highest point, a significant level often observed in techn

OKOMUOIL Hits a New All-Time High (ATH) on NGX OKOMUOIL Hits a New All-Time High (ATH) on NGX OKOMUOIL on the Nigerian Exchange (NGX) has reached an impressive new All-Time High (ATH) of N440, breaking past its previous high set between August and September 2024. A Quick Recap After hitting its last ATH, OKOMUOIL retraced close to the Fibonacci 50% level, stabilizing around the N334 zone before regaining momentum. This healthy pullback provided a solid foundation for the current bullish breakout. The Key Question: What’s Fueling OKOM

NESTLE Nigeria on a strong support NESTLE Nigeria on a strong support level. What should we make of this asset? will this level keep it on a buy level?

GTCO has broken above its previous ATH GTCO has broken above its previous ATH. Will this asset continue this positive run?

LAFARGE Cement stock Where is LAFARGE Cement stock going from here? The above trendline is acting is a resistance zone.

GTCO Faces Stiff Resistance at its 2018 All-Time High GTCO Faces Stiff Resistance at its 2018 All-Time High. Guaranty Trust Holding Company (GTCO) continues to grapple with breaking past its 2018 all-time high (ATH), a significant technical resistance level that has challenged the stock since November 2024. Despite showing moments of strength, the stock has been unable to sustain momentum above this critical level. This persistent struggle suggests that investor sentiment may still be cautious, with the ATH acting as a psychological and technical

Transcorp Stock Analysis and Forecast Transcorp Stock Analysis and Forecast Transcorp's stock is currently testing its All-Time High (ATH) of approximately N53.5. This is a critical resistance level that could determine its next movement. Bullish Scenario: If buying momentum remains strong and the stock successfully breaks and sustains above the ATH, we could witness a significant upward trend as the stock moves into uncharted territory. Bearish Scenario: However, if the resistance at the ATH holds, a temporary pullback is li

$MTNN MTN almost 50% retracement from all time high...NSENG:MTNN MTN Nigeria just had about a 50% retracement from an all time high of 319naira/share. Current Price: 170 #MTN price action previously rose through it's rising channel from 159 to 319. Currently, price action is at the bottom of this channel, making for a low risk buy zone (btw 159-180). Time to buy MTN Nigeria shares?

by Ifiok-Trades

My Nigerian Share Picks for the first quarter of 2025 In this video, I analyzed my share picks from September - the last quarter of 2024 and found by analysis an over 50% increment in portfolio. If you want to have my share picks for first quarter of 2025. Please visit tally.so Breakdown for the last quarter of 2024; Average % Change: About +54.53% across 19 shares Largest Gain: SUNUASS with +597.67%. Largest Decline: DAARCOM with –11.27%. Stocks with Notable Increases SUNUASS (+597.67%) is an extreme outlier, far exceeding other gains. Several o

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by Ifiok-Trades

What Next For MTN Nigeria Stock What Next For MTN Nigeria Stock This stock has lost over 40% of its peak value. I am beginning to think that this asset may fall to 160 naira if fundamentals doesn't change.

UCAP Stock Idea The chart could break N18, move to N18.95 and keep going to fibonachi extension at N28.

63 Naira Looks In Possible For Oando Stock 63 Naira Looks In Possible For Oando Stock This stock just joined the SWOOT (Stock Worth Over One Trillion naira) lately following its over 1,450% accelerated growth in a year. It seem it is cooling off, and looking at Nigeria economic fundamentals, I think the run up may be over.

I STILL EXPECT GTCO TO MOVE SOUTH TO $40 Well, I do not expect any serious ride-up from NG banking stocks anytime soon. The reason is that, they are still wooing investors to buy their stocks to raise the fund for CBN recapitalization. Either you look for sell opportunities short term, or you buy to hold for the possible coming bull run in NG banking sector

FIDELITY: A CLEAR PATH FOR THIS CRUDE ECONOMY Nigeria's economy has shown remarkable resilience in the second quarter of the year, defying expectations and paving the way for a promising outlook. Despite global challenges, the West African nation has made significant strides in key sectors, setting the stage for a robust performance in the remaining half of the year. Under the leadership of Governor Cardoso, the CBN has implemented policies aimed at diversifying the economy, improving the business environment, and boosting investor confide

GTCO: BULLS DRIVE THROUGH ON HIGH This may simply be an allusion. The NSE is charging on a bullish notion, P/E ratio variably stands cheap.

UBA: Buy idea Buy idea on UBA as you see on the chart because we have the breakout of the resistance line and also the breakout of the vwap.Thanks!

UBA: Buy idea On UBA as you see on the chart we will have a big probability to have an uptrend if only if we have the breakout with force the vwap and the resistance line by a big green candle ! Thanks!

UBA: Sell idea On UBA as you see on the chart we have the breakout with force the vwap indicator and the support line by a big red candle so it's mean that we will have a hight probability to have a downtrend! Tahnks!

Nigerian Stock Market Analysis: Access Bank Technical Analysis Introduction Nigerian Stock Market Analysis of Access Bank Technical Share Review. Access Bank stands as a beacon of opportunity, but how should investors interpret the current technical indicators? Let’s dive into the data and uncover the insights that could guide your next investment move. Technical Indicators Overview The technical indicators present a mixed picture, with oscillators signaling neutrality, moving averages suggesting a sell sentiment, and pivot points indicating potential supp