$Nestle PLC over 40% retracement in a Falling WedgeNestlé Nigeria Plc is a leading food and beverage company in Nigeria, manufacturing and marketing a variety of products under renowned brands such as Maggi, Milo, Nescafé, and Golden Morn.
MYX:NESTLE all time high is about 1600 Naira/share
Current price: 975 Naira/share - A 40% discount from all time high.
In the past, after #nestle price action broke out its falling wedge, it made over a 100% move upwards. IF HISTORY REPEATS, Nestle stands a chance to reclaim these resistances: 1026, 1253, 1553 and even higher.
This idea invalidates under 793.
