Updated
Guaranty Trust Bank Nigeria
The Price Action is not looking so good, was met with a strong resistance at 38.88 this has been a major support turn resistance , if price conveniently closes above 40 then we might have a bull run , but from the looks of this price action it seems it's merely a bearish correction and price distribution is taking place, meaning that price will further decline as there are no signs of bulls return and this is a bearish price correction.
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Price got reject at N40 and seems to be heading to N23 which is a good buying position.
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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.