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FBNH (NSENG) - Be Carefull for bearish
FBNH
Lots of Indecision Ongoing With FBNH Stock PriceThe weekly indecision and rejections ongoing with FBNH stock price makes the short term direction unclear. On the medium term trend however, the stock has turned a little bit bullish and a decline below 5 Naira is much desirous. Looking at the volume, the stock has a decent average volume than when it declined towards April 2020; this could indicate fewer decline and more upside potential if it remains the same.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Will the Elephant's legs too BIG to shatter its Lower Channel?FBNH has been operating within the confine of a channel since 2018, now the stock price is attempting another touch of the lower channel. Will the lower channel reject the price at this level or the elephant will be too strong for the lower channel to carry its weight? Coincidentally, lower channel is also at a support zone between 3.77 & 3.57. Price rejection at this zone is critical for the stock for an uptrend to commence
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