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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As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.