Pre-Order Before 16th September 2021

Explosive Stocks Strategy Guide

You’ll discover:

1 Reopening Stock You Should Buy Ahead of Year-End Result

The resurgence of Covid-19 cases across the globe in recent weeks is considered a repeated threat to business survival but I don’t see it shutting down social activities again, thanks to the global vaccine rollout. This means that consumer discretionary stocks will continue to enjoy strong demand in the near term.

In addition to the reopening stock I recommended for 2 months, I just dropped another great pick that’s poised to deliver double-digit returns in months in my private community today.

This particular company is benefiting from the increased social activities across the city. Besides the first and second-quarter results are no doubt a clear sign that this stock is a BUY RIGHT NOW.

Here is a recap of Q1:

  • Earnings per share shot up 35%+
  • Net Revenue went up by 20% +
  • Profit after tax growth prints at 38% +

At the end of Q2:

  • Revenue growth inched higher to +37% YoY
  • Despite an increase in the cost of sales and marketing, distribution and administrative expenses, the bottom line figure expanded by +38.1% YoY
  • Earnings per share increased by 35%.

Technical Analysis

In the last 12 months, the stock is up by 50% with half-year performance slightly above 1% which are well above the broad index negative return in the latter period.

 

From the chart above, the stock is currently trading within a tight ascending triangle, a bullish sign that implies a potential breakout to a new high – 100% upside from the current market price.

Like I said earlier, the increased social activities amidst the resurgence of Covid-19 means this company will continue to enjoy a higher demand for its product for the rest of the year or beyond. Even the surge in food inflation gives the company additional power to grow its margin as it’s able to increase product prices to cover operating costs.

How to play this stock

There are two ways to trade the stock – buy at the current market price and average down on pull back or wait for a confirmed breakout above the resistance that’s been tested and retested multiple times. The more the price pullbacks from that level, the higher the chance of a bigger run if it eventually rises above it.

Personally, I am buying the stock right now since the fundamentals are showing a confirmed double-digit growth quarter on quarter.

Feel free to join my private network of investors so you can access the rare opportunities this stock offers as well as take advantage of my select picks in the Nigerian stock market.

Pre-Order Before 16th September 2021

Explosive Stocks Strategy Guide

You’ll discover:

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