After several delay and unnecessary excuses, I have finally launched a YouTube Channel (Nigerian Stocks to Buy), where you can follow my stock analysis and recommendations. Yes! It’s not easy putting down ideas on this blog but YouTube makes it seamless for me to share stocks picks with visual demonstrations on the chart so that you can learn the technical tools in a simpler way.
Going forward, my stock market analysis will be more of video analysis and less of writing ups:
UACN has suffered massive sell-off – from a peak of N70 in the last 6 years to penny stock price of N7.5, after reaching an all-time low of N5.
The stock’s bearish trend isn’t unconnected to the unimpressive financial result of the conglomerate before the company’s management decided to unbundle its real estate segment – UPDC, which spurred a huge stock rally by almost 100%.
As of this analysis, the stock is sitting at the bottom of the market.
In this video, I shared my opinion on UACN stock and how I want to trade the penny stock going forward.
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