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.
MTNN trade ideas
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!
$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?