I am optimistic about the outlook for STANBIC stockI 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.
