$INTBREW OVER 75% RETRACEMENT & 4-YEAR CONSOLIDATION
Even though 
INTBREW International Breweries PLC has shown Market Leadership & Strong Brand Portfolio Owning popular brands like Trophy, Hero, Beta Malt, and Castle Lite it's share price has lost over 75% of its value across 4years.
#INTBREW Current Price: 5.4
In light of the value lost, Price action has also shown a 4year consolidation between 3.5 - 6.5 (termed Buy Zone) in the Charts.
A break out of price above 6.5 can lead to much higher prices.
Resistance above: 6.5, 9.6, 13.9
This idea is invalidates when price action loses support at 4.0
Want to know more about Nigerian shares? Also get my Share picks for 1st quarter of 2025?
Chat me up! Check the link on my profile. Cheers
INTBREW International Breweries PLC has shown Market Leadership & Strong Brand Portfolio Owning popular brands like Trophy, Hero, Beta Malt, and Castle Lite it's share price has lost over 75% of its value across 4years.#INTBREW Current Price: 5.4
In light of the value lost, Price action has also shown a 4year consolidation between 3.5 - 6.5 (termed Buy Zone) in the Charts.
A break out of price above 6.5 can lead to much higher prices.
Resistance above: 6.5, 9.6, 13.9
This idea is invalidates when price action loses support at 4.0
Want to know more about Nigerian shares? Also get my Share picks for 1st quarter of 2025?
Chat me up! Check the link on my profile. Cheers
Dagangan aktif
INTBREW still in buy zone...Nota
Still in buy zone!Nota
Out of Buy Zone!
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.