$INTBREW OVER 75% RETRACEMENT & 4-YEAR CONSOLIDATION
Even though 
INTBREW International Breweries PLC has shown Market Leadership & Strong Brand Portfolio Owning popular brands like Trophy, Hero, Beta Malt, and Castle Lite it's share price has lost over 75% of its value across 4years.
#INTBREW Current Price: 5.4
In light of the value lost, Price action has also shown a 4year consolidation between 3.5 - 6.5 (termed Buy Zone) in the Charts.
A break out of price above 6.5 can lead to much higher prices.
Resistance above: 6.5, 9.6, 13.9
This idea is invalidates when price action loses support at 4.0
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INTBREW International Breweries PLC has shown Market Leadership & Strong Brand Portfolio Owning popular brands like Trophy, Hero, Beta Malt, and Castle Lite it's share price has lost over 75% of its value across 4years.#INTBREW Current Price: 5.4
In light of the value lost, Price action has also shown a 4year consolidation between 3.5 - 6.5 (termed Buy Zone) in the Charts.
A break out of price above 6.5 can lead to much higher prices.
Resistance above: 6.5, 9.6, 13.9
This idea is invalidates when price action loses support at 4.0
Want to know more about Nigerian shares? Also get my Share picks for 1st quarter of 2025?
Chat me up! Check the link on my profile. Cheers
Trade active
INTBREW still in 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.