Here are 5 stocks on the NGX I believe are setting up nicely for next week. I’ve kept it simple:
Entry Zone → good price areas to buy
Stop → level to cut loss if trade fails
Target → where price could go if trade works
Why → simple reason behind the setup
1) MTN Nigeria (MTNN) — ₦435
⭐ Conviction: Very Strong
Buy near: ₦425–₦430 (pullback) OR above ₦445 (breakout).
Stop: ₦415.
Target: ₦460 first, then ₦475.
Why: Strong telecom company, chart is showing a “bull flag” (a pause before another move up).
2) Dangote Cement (DANGCEM) — ₦520
⭐ Conviction: Very Strong
Buy near: ₦505–₦510 (handle retest) OR above ₦525 (breakout).
Stop: ₦495.
Target: ₦550 first, then ₦575.
Why: Market leader in cement, forming a bullish “cup & handle” chart.
3) GTCO — ₦94
⭐ Conviction: Strong
Buy near: ₦94 OR above ₦95
Stop: ₦90.5-₦91
Target: ₦100 first, then ₦103.50.
Why: Banks are attracting money flow this month, plus clean chart pattern.
4) Lafarge Africa (WAPCO) — ₦134.55
⭐ Conviction: Strong
Buy near: ₦135 OR above ₦136.
Stop: ₦130.5
Target: ₦141 first, then ₦148.
Why: Cement stocks are moving strong, and chart shows room for more upside.
5) Seplat Energy (SEPLAT) — ₦5,379.30
⭐ Conviction: Strong (but volatile)
Buy around: ₦5,200-₦5,300 or above ₦5,400–₦5,450 (on daily close).
Stop: ₦5,000 (first entry), ₦5,180 (second entry).
Target: ₦5,700 first, then ₦5,980–₦6,020.
Why: Oil prices are supportive; chart is pressing against resistance and may break higher.
Execution Plan
Focus on MTNN + DANGCEM as core longs → best confluence.
Add GTCO (financials exposure) as third anchor.
WAPCO / SEPLAT = “satellite” trades if liquidity & risk budget allow.
📌 Note: These are trading ideas, not financial advice. Always manage risk (use stops).
