STANBIC IBTC DISTRIBUTION AT THE PEAK.There are signs of distribution by the institutional trader at the top.
MTNN WEEKLY REVIEW.WEEKLY MTN ANALYSIS FOR THE FIRST 50 WEEKS :
1. WEEK ONE :
Sell pressure the stock fail the maintain the weekly high.
Buy Opportunity For CadburyNSENG:CADBURY
Earlier price made a lower low but the RSI(14) made a higher low, showing a bullish divergence. Price rallied up briefly but couldn't break past 18.40. Now it is bounced off the 52W Low. I expect price retest the most recent low of 7.04 or get close to it. When that happens, that would present a good long opportunity. We might see some side-upward movement but I will be setting my Take Profit at 40.00. Let's see how it plays out in the coming months.
FCMBFcmb is in a falling wedge, and in a perfect opportunity for buyers to buy between N1.50 and N1.53 has acted as a perfect support, reaching the apex of the wedge we will see a break upwards, as there are many closer supports and price is already at the apex of the wedge and ready to go upwards
Cadbury NigeriaCadbury Seems to be in a state of supply exhaustion, the support at N7 should hold meaning that the stock is being accumulated at that price, still watching it closely, I will rather wait to buy within N7-N7.5
