TRANSCORP (NGN) Breaks Out of Consolidation – Potential Upside
TRANSCORP (NGN) Breaks Out of Consolidation – Potential Upside Ahead
TRANSCORP has successfully broken out of its immediate consolidation zone and is currently trading at ₦61.
If this breakout is sustained, it presents a promising opportunity for bullish momentum.
Given the current market structure, I am looking to maintain a buy position around ₦58 - ₦61, with ₦70 and ₦80 as my key target price (TP) zones.
As with all trades, patience is essential, and I am prepared to hold my position strategically for optimal returns.
Trade wisely and manage risk accordingly.
TRANSCORP has successfully broken out of its immediate consolidation zone and is currently trading at ₦61.
If this breakout is sustained, it presents a promising opportunity for bullish momentum.
Given the current market structure, I am looking to maintain a buy position around ₦58 - ₦61, with ₦70 and ₦80 as my key target price (TP) zones.
As with all trades, patience is essential, and I am prepared to hold my position strategically for optimal returns.
Trade wisely and manage risk accordingly.
Nota
Hey mates,Breakout from N60 zone could not be sustained. The zone has become a resistance zone.
I am still bullish longterm
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.