Legend Internet Plc on the Nigerian Stock Exchange (NGX) was listed on April 24, 2025, under ticker LEGENDINT. The company offers fiber-to-the-home (FTTH) services in Abuja and digital products like LegendMail and MailPay.
IPO price: ₦5.64 per share, closed first trading day at ₦6.20. Previously
LEGENDINT has reached an all time high of 10naira/share and has currently retraced over 40%
Current price: 5.90
As a newly listed small-cap, it faces low visibility and high volatility, contributing to weak investor demand and price devaluation. It would be interesting to see what the future holds for #legendint.
Upside resistance at 8naira and 10naira per share
Buy zone range is between 5 -6.2naira/share
Price action looks like an inverse cup and handle pattern - Not a bullish pattern!
Invalidation for this Legend Idea is under 5naira per share!
IPO price: ₦5.64 per share, closed first trading day at ₦6.20. Previously
LEGENDINT has reached an all time high of 10naira/share and has currently retraced over 40%Current price: 5.90
As a newly listed small-cap, it faces low visibility and high volatility, contributing to weak investor demand and price devaluation. It would be interesting to see what the future holds for #legendint.
Upside resistance at 8naira and 10naira per share
Buy zone range is between 5 -6.2naira/share
Price action looks like an inverse cup and handle pattern - Not a bullish pattern!
Invalidation for this Legend Idea is under 5naira per share!
Trade active
LEGENDINT price action has broken out of my buy zone... 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.