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MECURE
“Anything that goes up must come down” the stock is now down 44% from its previous high and attempting to stabilize after filling the recent gap around ₦55.4–₦60.4. This zone is critical, as it now serves as a near-term support and potential consolidation base.
A failure to hold this region would signal continued weakness, opening the path toward the next gap at ₦37.9–₦41.6. A move into that zone would represent a deeper correction and likely be painful for holders, reinforcing the need for caution at current levels.
#NFA