$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?
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MTNN
$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?