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My View on Nigerian Breweries PLC (NB)My View on Nigerian Breweries PLC (NB). This asset has made a significant ride up from its recent low, which broke the previous N45 resistance zone, and hit a new resistance zone around N56 before dropping a bit. If the N45 support continues to hold strong, we might see this asset rally towards the ALMIGHTY resistance level around N68. Looking at the chart, the 68 level marked yellow is a critical level for all investors. Trade with care. Please, if you found this helpful, kindly follow me, like, share my chart and let me know your thoughts on the comment session
NSENG:NBLong
by ForexClinik
MTN Nigeria Stock Analysis and OutlookMTN Nigeria Stock Analysis and Outlook MTN Nigeria has shown a strong recovery, breaking out of its prolonged downtrend in early December 2024. Since then, the stock has delivered an impressive rally, gaining nearly 70% in value. As of the latest trading session, MTN Nigeria closed at ₦279. From a technical analysis standpoint, there is a possibility of a short-term pullback toward a key support zone (indicated in yellow on the chart). Should this level hold, the stock may continue its upward momentum with a potential push toward the ₦300 psychological resistance level. While the medium-term trend remains bullish, it is important to approach this with caution—particularly for short-term traders. Implementing a well-placed stop loss remains crucial to manage downside risks effectively in volatile market conditions. Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Always conduct your own due diligence before making investment decisions. Please: Follow me, like, and share my analysis. Also let me know your viee
NSENG:MTNNLong
by ForexClinik
1
FBNH Stock Analysis and Technical OutlookFBNH Stock Analysis and Technical Outlook First Bank Holding (FBNH) has experienced a consistent downtrend over the last four trading weeks, closing the most recent week at ₦38.25 per share. Based on current technical indicators and price action, there appears to be a strong likelihood that the stock may decline further, potentially reaching a key support zone around ₦26.65. Should the price action confirm a reversal from this support area, a rebound towards the ₦33 and ₦38 levels may occur. These levels represent potential profit targets 1 and 2, respectively, for swing traders and medium-term investors. From a fundamental perspective, FBNH appears undervalued at current levels, especially when considering its Price-to-Earnings (P/E) ratio of approximately 1.5. This suggests that the stock may be trading below its intrinsic value, which could attract long-term investors seeking undervalued opportunities in the Nigerian banking sector. Caution is advised, however, as overall market sentiment and macroeconomic factors could influence short-term price movements. Investors and traders are encouraged to apply risk management strategies and conduct further due diligence before taking any position. Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Always consult with a certified financial advisor before making trading decisions.
NSENG:FBNHLong
by ForexClinik
2
Update! 1st Quarter Nigerian Share Picks for 2025 (DEC30-JAN30)Between the two given dates (DEC30 - JAN30), stock prices have shown a positive overall trend, with an average percentage change of approximately 16.29% across all listed stocks. Key observations: Significant Gainers: Some stocks like SCOA(+97.5%). MULTIVERSE(+50%) MTNN (+20.31%) and UPDC (+26.58%), experienced notable growth. Moderate Increases: Stocks such as FBNH (+3.72%), FTNCOCOA (+5.00%), and GUINNESS (+9.61%) saw steady increases. Broad Market Growth: Most stocks had a price increase, indicating a general upward trend in our 1st quarter share picks for 2025. Overall, our portfolio appears to have performed well over the period, with most stocks appreciating in value. Let me know what you think!
NSENG:MTNN
by Ifiok-2sydes
2
$ellahlakes Ellahlakes over 45% Retracement from 5.4naira/share​Ellah Lakes Plc, established in 1980 and headquartered in Benin City, Nigeria, is an agribusiness company engaged in cultivating oil palm, cassava, soybean, maize, and rice. The company manages plantations across Edo, Ondo, and Enugu States. NSENG:ELLAHLAKES all time high is 5.4naira/share in September 2024 Current price: 2.99naira/Share #Ellahlakes is currently a low risk investment with possible heights of 3.9 and 4.7 per share. Preferred buy zone is between: 2.7-3.1 Please Note: Idea Invalidation is Under 2.7 Indicator in use is the SuperAI: Check my Profile for more Information.
NSENG:ELLAHLAKESLong
by Ifiok-2sydes
Nigerian Share Picks for Second Quarter 2025 (APRIL - JUNE 2025)My share choice for Second Quarter 2025 ELLAHLAKE 2.90 (low risk) Active trading, small-cap stock with growing momentum. INTBREW 5.05 (low risk) High volume, possible interest buildup despite recent dips. NASCON 43.95(medium risk)Strong performance; good short- to mid-term growth potential. NB 32.00(low risk) Stable, consumer-facing; may need a catalyst for price movement. MTNN 245.00(medium risk)Defensive blue-chip; solid for long-term holding and dividends. GUINNESS 80.00(medium risk) Resilient FMCG stock; consistent but currently flat. NESTLE 1,020.00 (low risk) Premium stock, strong fundamentals; long-term value hold. DANGCEM 480.00 (medium risk)Cement giant, good for infrastructure-focused portfolios. MULTIVERSI 8.65 (low risk)Low activity; speculative with limited liquidity. ALEX 7.15 (low risk) Very low volume; watchlist-only unless volume improves. Real time monitoring: www.tradingview.com
NSENG:GUINNESS
by Ifiok-2sydes
$Nestle PLC over 40% retracement in a Falling WedgeNestlé Nigeria Plc is a leading food and beverage company in Nigeria, manufacturing and marketing a variety of products under renowned brands such as Maggi, Milo, Nescafé, and Golden Morn. MYX:NESTLE all time high is about 1600 Naira/share Current price: 975 Naira/share - A 40% discount from all time high. In the past, after #nestle price action broke out its falling wedge, it made over a 100% move upwards. IF HISTORY REPEATS, Nestle stands a chance to reclaim these resistances: 1026, 1253, 1553 and even higher. This idea invalidates under 793.
NSENG:NESTLELong
by Ifiok-2sydes
GTCO: Testing Key Support – Will It Hold?GTCO: Testing Key Support – Will It Hold? GTCO has demonstrated remarkable price action over the years, reflecting both bullish surges and periods of retracement. On January 22, 2018, the stock reached an all-time high (ATH) of approximately N57 before experiencing a prolonged decline. However, the tides shifted on October 4, 2022, when GTCO rebounded from a low of N17, igniting a sustained upward trajectory. Despite intermittent corrections, this stock has maintained a broader bullish structure, culminating in a fresh ATH of N64.5 on March 3, 2025. Key Technical Questions: 1️⃣ Will the N57 Level Act as a Strong Support? The previous ATH of N57, now potentially acting as a support zone, is a crucial level to watch. If this level holds, it could serve as a strong demand zone, providing a foundation for further price appreciation. However, a decisive breakdown below N57 with increased selling pressure may signal a deeper retracement. 2️⃣ What’s Next for GTCO? If N57 proves resilient, a consolidation phase could set the stage for another rally toward higher price targets. A sustained breakout above N64.5 would confirm continued bullish momentum, potentially opening doors for price discovery into uncharted territory. Conversely, a failure to hold above N57 could see the stock revisiting lower support levels, with N57 and N49.5 being key areas to monitor. Conclusion GTCO remains in an overall bullish structure, but the ability of the N57 support level to hold will dictate its next major move. Traders and investors should watch for confirmation signals—such as volume trends and price action near this critical zone—before making strategic decisions.
NSENG:GTCO
by ForexClinik
2
MTN Nigeria Stock: A Strong Rally with ₦250 in SightMTN Nigeria Stock: A Strong Rally with ₦250 in Sight. MTN Nigeria stock has demonstrated remarkable growth since trading around the 170 naira zone in December 2024. As of December 9th, the stock was priced at 170 naira but has steadily rallied in recent weeks to surpass 240 naira today. Based on this momentum, the next potential resistance level appears to be around 250 naira. If buying interest continues and market conditions remain favourable, we could see the stock test 250 naira level in the near term.
NSENG:MTNNLong
by ForexClinik
5
TRANSCORP (NGN) Breaks Out of Consolidation – Potential UpsideTRANSCORP (NGN) Breaks Out of Consolidation – Potential Upside Ahead TRANSCORP has successfully broken out of its immediate consolidation zone and is currently trading at ₦61. If this breakout is sustained, it presents a promising opportunity for bullish momentum. Given the current market structure, I am looking to maintain a buy position around ₦58 - ₦61, with ₦70 and ₦80 as my key target price (TP) zones. As with all trades, patience is essential, and I am prepared to hold my position strategically for optimal returns. Trade wisely and manage risk accordingly.
NSENG:TRANSCORP
by ForexClinik
$INTBREW OVER 75% RETRACEMENT & 4-YEAR CONSOLIDATIONEven though NSENG:INTBREW International Breweries PLC has shown Market Leadership & Strong Brand Portfolio Owning popular brands like Trophy, Hero, Beta Malt, and Castle Lite it's share price has lost over 75% of its value across 4years. #INTBREW Current Price: 5.4 In light of the value lost, Price action has also shown a 4year consolidation between 3.5 - 6.5 (termed Buy Zone) in the Charts. A break out of price above 6.5 can lead to much higher prices. Resistance above: 6.5, 9.6, 13.9 This idea is invalidates when price action loses support at 4.0 Want to know more about Nigerian shares? Also get my Share picks for 1st quarter of 2025? Chat me up! Check the link on my profile. Cheers
NSENG:INTBREWLong
by Ifiok-2sydes
I am optimistic about the outlook for STANBIC stockI 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 sights on the all-time high (ATH) zone, which is N83.
NSENG:STANBICLong
by ForexClinik
4
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 Exchange (NGX) has been quite volatile recently, and TRANSCORP is no exception.
NSENG:TRANSCORP
by ForexClinik
Unilever Stock on NGX: Technical Analysis and ForecastUnilever 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 technical analysis. Additionally, its present price is at the FIB 50 level, a key resistance zone that could determine the continuation or reversal of the upward trend. Traders should closely monitor ₦40, as it represents a significant psychological and technical level to watch for further price action. Forecast: If the price breaks above FIB 50, it may continue its rally toward the ₦40 zone. A rejection at FIB 50 could result in a pullback to test lower support levels.
NSENG:UNILEVERLong
by ForexClinik