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NGX

From Fish Farming to Agribusiness Giant: Ellah Lakes’ 304% Rise Ellah Lakes Plc is a Nigeria‑based agribusiness firm, once focused on fish farming but now primarily engaged in oil palm, cassava, maize, soya, and rice production and processing, operating plantations across Edo, Ondo, Enugu, Ekiti (Nigeria) and Ghana. This asset has made roughly 304% gain since 2nd of June of this year. The questions are: 1. Is this vertical growth sustainable? 2. Will price action be respected technically as shown on the chart? 3. Will Ellah Lake drop back to close the yellow gap? (N5.3 - N6 zone) My final view: After a 304% gain since June, I am now questioning the sustainability of this vertical move, key technical zones, and whether a price correction to the ₦5.3–₦6 gap is on the horizon Trade with care
NSENG:ELLAHLAKESShort
by ForexClinik
MSTR stock has seen a strong rally since JuneSince June, MSTR stock has seen a strong rally—rising from the mid‑$300s to above $430—driven by a few key factors: Bitcoin’s continued ascent has fueled sentiment. Bitcoin recently hit fresh record highs (above $118K), driven by a weakening dollar and bullish macro trends, which in turn boosted bitcoin-linked equities like MicroStrategy. In short, MSTR’s rally since June has been largely Bitcoin-driven: a powerful combination of rising crypto prices, ongoing BTC purchases, proactive capital raises, and positive analyst sentiment creating a bullish feedback loop. Let me know if you'd like a breakdown of Bitcoin’s trend or deeper insight on MSTR’s financing strategy. $447 will be my next buy TP. Please, share your thought, like, share and follow me.
NASDAQ:MSTRLong
by ForexClinik
MTN Nigeria Stock: A Strong Rally smashing the roofMTN Nigeria Stock: A Strong Rally smashing the roof 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 over the months to surpass several resistance levels (N320, N357 & N386). Based on this momentum, the nearest most significant support zone is N386. This is a zone with confluence between an ascending resistance trendline and a support level. The question is. 1. Can the buy continue with this vertical push-up up 2. Will the N386 confluence zone continue to hold this stock from falling? Trade with care. Please like, follow, and share your thoughts.
NSENG:MTNN
by ForexClinik
2
MTN Nigeria Stock Analysis and OutlookMTN Nigeria Stock Analysis and Outlook MTN Nigeria has shown a strong recovery, breaking out of its prolonged downtrend in early December 2024. Since then, the stock has delivered an impressive rally, gaining nearly 70% in value. As of the latest trading session, MTN Nigeria closed at ₦279. From a technical analysis standpoint, there is a possibility of a short-term pullback toward a key support zone (indicated in yellow on the chart). Should this level hold, the stock may continue its upward momentum with a potential push toward the ₦300 psychological resistance level. While the medium-term trend remains bullish, it is important to approach this with caution—particularly for short-term traders. Implementing a well-placed stop loss remains crucial to manage downside risks effectively in volatile market conditions. Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Always conduct your own due diligence before making investment decisions. Please: Follow me, like, and share my analysis. Also let me know your viee
NSENG:MTNNLong
by ForexClinik
1
Where Is TRANSCORP on NGX Heading Next?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.
NSENG:TRANSCORP
by ForexClinik
GTCO Faces Stiff Resistance at its 2018 All-Time HighGTCO Faces Stiff Resistance at its 2018 All-Time High. Guaranty Trust Holding Company (GTCO) continues to grapple with breaking past its 2018 all-time high (ATH), a significant technical resistance level that has challenged the stock since November 2024. Despite showing moments of strength, the stock has been unable to sustain momentum above this critical level. This persistent struggle suggests that investor sentiment may still be cautious, with the ATH acting as a psychological and technical barrier. For GTCO to convincingly surpass this level, it may require a strong catalyst—either in the form of robust financial performance, positive macroeconomic news, or heightened buying interest from institutional investors. Traders and investors should closely monitor volume trends and price action around this resistance zone. A decisive breakout accompanied by increased trading volume could signal the start of a new bullish trend. Conversely, repeated rejections could lead to a pullback, making the stock vulnerable to further corrections. Hopefully, GTCO is going to be among the stocks on NGX breaking ATH this year.
NSENG:GTCOLong
by ForexClinik
Transcorp Stock Analysis and ForecastTranscorp Stock Analysis and Forecast Transcorp's stock is currently testing its All-Time High (ATH) of approximately N53.5. This is a critical resistance level that could determine its next movement. Bullish Scenario: If buying momentum remains strong and the stock successfully breaks and sustains above the ATH, we could witness a significant upward trend as the stock moves into uncharted territory. Bearish Scenario: However, if the resistance at the ATH holds, a temporary pullback is likely. This retracement could offer an opportunity to enter the stock at a more favourable price point. The overall market sentiment appears bullish with the current high demand for Transcorp shares on the Nigerian Exchange (NGX). As such, monitoring price action closely around the ATH is advisable to make informed entry or exit decisions.
NSENG:TRANSCORPLong
by ForexClinik
NSE All-Share Index Continues Its Impressive Bullish Movement!The Nigerian Stock Exchange All-Share Index (NSE ASI) continued its impressive performance in the last trading week ended January 12, 2024, registering a significant index gain of 4.24%. The market opened at 79,664.7 and closed the week at a robust 83,043.0. This marks another week of strong bullish momentum. Leading the pack was the Consumer Goods sector, which saw a remarkable 9.6% increase in its index, closely followed by the Insurance sector with a 7.63% rise. The only sector to record a decline was Oil & Gas, which experienced a marginal loss of 1.61%. Given the sustained upward trend with no signs of slowing down, the NSE ASI demonstrates strong potential for continued bullish growth in the coming weeks. N.B! - ASI price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #ASI #NSEASI #NGX #ngxgroup #ubagroup #THISDAYLIVE #FirstBankngr #JaizBankNG #fidelitybankplc #wemabank #UnityBankPlc #UNIONBANK_NG #MyFCMB #StanbicIBTC #ZenithBank #gtbank #myaccessbank #SECNigeria
NSENG:ASILong
by BullBearMkt