$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
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DANGCEM
DANGOTE CEMENT PULLING BACK TO VALUE ZONEInvestors' sentiments is shifting bearish for Dangote Cement stock after the pullback from its recent high. Smart Monies are expected at the value zone above 200 which may subsequently drag the price high to test the recent swing-high or making a new high, creating a higher-high scenario.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades