BUACEMENT Fails to Break Its All-Time High
BUA Cement Plc (NGX: BUACEMENT) has seen significant price swings over the past two years.
The initial momentum that pushed the stock above the ₦100 mark in January 2024 carried it to an all-time high (ATH) of around ₦185. However, this rally was followed by a prolonged downtrend, with the stock declining to approximately ₦83 by March 2025.
A renewed breakout in mid-July 2025 brought BUACEMENT close to retesting its historical peak, but buying momentum was insufficient to break through the ATH.
Technical View
Resistance: ₦185 remains the critical resistance zone.
Support Levels: Watch for weakness below ₦144, which could accelerate a decline. Key zones to monitor include ₦120 and ₦100.
Strategy: A dollar-cost averaging (DCA) approach around ₦120 could provide a more favorable entry point for long-term investors. Patience and discipline remain essential in this setup.
📌 This outlook is for educational purposes only and does not constitute financial advice. Always trade and invest responsibly.
Please, follow me here and let's build an army on TradingView if you found this helpful
BUA Cement Plc (NGX: BUACEMENT) has seen significant price swings over the past two years.
The initial momentum that pushed the stock above the ₦100 mark in January 2024 carried it to an all-time high (ATH) of around ₦185. However, this rally was followed by a prolonged downtrend, with the stock declining to approximately ₦83 by March 2025.
A renewed breakout in mid-July 2025 brought BUACEMENT close to retesting its historical peak, but buying momentum was insufficient to break through the ATH.
Technical View
Resistance: ₦185 remains the critical resistance zone.
Support Levels: Watch for weakness below ₦144, which could accelerate a decline. Key zones to monitor include ₦120 and ₦100.
Strategy: A dollar-cost averaging (DCA) approach around ₦120 could provide a more favorable entry point for long-term investors. Patience and discipline remain essential in this setup.
📌 This outlook is for educational purposes only and does not constitute financial advice. Always trade and invest responsibly.
Please, follow me here and let's build an army on TradingView if you found this helpful
関連の投稿
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。
関連の投稿
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。