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
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관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.