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.
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.
Trade fechado: stop atingido
Congratulations champs.We are close to our N46 naira TP. Close in profit
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.