When most people think of the stock market, they focus on the big blue-chip names. Sometimes, the real opportunities come from the less popular stocks that are building momentum quietly. These non–blue chip stocks often move faster once their breakout signals align.
Here are 5 high-probability setups you should keep an eye on this week. Each one has a clear entry price, stop loss, and profit target.
1) Transcorp Hotels (₦164.60)
Transcorp Hotels has one of the cleanest setups on the market right now. The stock is showing a bullish “cup and handle” pattern, with resistance sitting around ₦168–₦170. If it breaks this level, there’s room for a quick rally.
Buy zone: ₦150 – ₦155 (buy pullbacks into the breakout shelf if intraday demand appears) and ₦168–₦169.5 (on break-out)
Stop loss: ₦139.90 (decisive daily close below invalidates high-base) and ₦158 (stop for break-out entry)
Profit targets: ₦176 (first level), ₦190 (extended)
✅ Best mix of strong fundamentals and technical signals.
2) NGX Group (₦59.30)
NGX Group is trading inside a tight range, and it’s close to breaking out. A move above ₦60 could trigger strong buying interest, especially as funds rebalance.
Buy zone: ₦60.5
Stop loss: ₦56.8
Profit targets: ₦63.8, ₦68
⚡ A good candidate for a fast, momentum-driven move.
3) NEM Insurance (₦26.60)
NEM is forming a bullish ascending triangle with a key breakout above level at ₦29. If it clears that, it could start another strong rally. This stock also benefits from being in a defensive sector with steady fundamentals.
Buy zone: ₦24.80 – ₦25.80 on dip-buys that hold above ₦24.5 with intraday demand and add more at ₦29.00 with rising volume (range breakout).
Stop loss: ₦22.40
Profit targets: TP1: ₦28.50–₦29.20, TP2: ₦31.50–₦33.00, TP3: ₦36.00–₦38.00
🔒 A safer, more stable play with a clean chart.
4) Oando (₦49.00)
Oando has been drawing attention recently as its chart builds momentum around the ₦50 level. Let’s break down the setup in simple terms and what traders should watch out for.
Buy zone: ₦50.20 (once price breaks above resistance)
Stop loss: ₦47.30 (to limit downside risk)
Profit targets: TP1: ₦56.00, TP2: ₦60.00
⚠️ Higher risk, but great potential reward if the breakout holds.
5) Honeywell Flour (₦23.00)
Honeywell is building an inverse head-and-shoulders pattern, a bullish signal that often precedes a strong breakout. The key level to watch is the neckline at ₦23.8–₦24.0.
Buy zone: ₦23.8
Stop loss: ₦21.8
Profit targets: ₦25.8, ₦27.5
A quiet consumer stock, but the chart is hinting at a hidden breakout setup.
Execution Plan
Out of the five stocks, the strongest mix of risk and reward comes from Transcorp Hotels, NGX Group, and NEM Insurance. These can be the main focus.
Oando and Honeywell Flour can be treated as side bets for those willing to take on more risk.
Final Thoughts
These non–blue chip stocks may not make daily headlines, but their charts suggest they could deliver strong moves in the weeks ahead. As always, discipline is key: stick to your entry and exit plans, manage your risk, and let the setups play out.
