I am optimistic about the outlook for STANBIC stock
I am optimistic about the outlook for STANBIC stock.
Currently, Stanbic IBTC Holdings (STANBIC) on the NGX is trading above a rising trendline that is providing solid support.
While I am bullish on the stock, I am awaiting a pullback to the N57 level to execute my two planned entries.
To manage risk, I will set my stop loss at the N51.25 level for both entries.
My first target price (TP1) is N68.6, aligning with the FIB61.8% retracement level. For my second target (TP2), I am setting my sights on the all-time high (ATH) zone, which is N83.
Currently, Stanbic IBTC Holdings (STANBIC) on the NGX is trading above a rising trendline that is providing solid support.
While I am bullish on the stock, I am awaiting a pullback to the N57 level to execute my two planned entries.
To manage risk, I will set my stop loss at the N51.25 level for both entries.
My first target price (TP1) is N68.6, aligning with the FIB61.8% retracement level. For my second target (TP2), I am setting my sights on the all-time high (ATH) zone, which is N83.
Trade active
Trade has been activated and we are now in profit.Trade closed: target reached
UPDATE
Our TP 1 of N68.6 reached
Lock in profit and let see how far we go close to TP2
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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.
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.