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DANG

$DANGCEM Dangote Cement 50% retracement from all time high...NSENG:DANGCEM Dangote Cement just had about a 50% retracement from an all time high of 763naira/share in January 2024. Current Price: 349 Dangote Cement Plc is Africa's largest cement producer, although the recent entry of Huaxin Cement and their acquisition of Lafarge has positioned them to become a major competitor in the African cement industry, challenging established players like Dangote Cement and BUA Cement. Regardless Dangcem is still a key market leader in Cement Manufacture. Low Risk buy zones for #Dangcem is btw 242 - 349 Will you buy Dangcem shares? Find out more about buying Nigeria Shares and get my Share picks for 1st quarter of 2025 here: tally.so
NSENG:DANGCEMLong
by Ifiok-2sydes
2
Is $DANG Buy Now?You need to check if this technical review matches the fundamental which is very vital for those of you who want to enter a trade that they want to hold a longer period..highly recommended to see if the stock fits their investment philosophy. As you can see from the chart, the stock had a decent run from Feb low this year, and appreciated in short time almost 120% this is how this stock is volatile and can ruin your wealth if u take it without a complete understanding its standard deviation which now stands at 5.13 compared to BIDU another Chinese stock 2.33. The price did not sustain and lost that quick 120% gain in March but it looks upside volume was huge compared to decline volume which may suggest the upside momentum has a run to continue. SCT suggests a measured target price $15.80 area and its very likely that will be the case. We see a target price $16.5 area from our FEXN projection and has 86% probability of achieving it. The trade open seems now profitable, and expect to trim it sometime next few weeks if price pushes above SCT target.
DLong
by Xafada