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.
Transaction en cours
Trade has been activated and we are now in profit.Trade fermée: cible de profit atteinte
UPDATE
Our TP 1 of N68.6 reached
Lock in profit and let see how far we go close to TP2
Clause de non-responsabilité
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.