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NAHCO
After the markdown for both the 1 for 7 bonus issue and the N6.25 dividend. Nacho is down by 22% after the adjustment. I don't expect to be there that long.
Currently, I have cleaned up my chart and drawn new lines. Also, it is important to note that when a company does either a share split, reverse split, right issue, private placement, PO or shares reconstruction, I always clean up my charts to see the adjustment and account for any imbalances or areas where gaps could come back to fill.
If we do not fill that large gap above, another region to bid this scintillating company is around the N176.5-N183.8 per share.
Again, our long-term targets for this company around the N500-N1,000 per share
#NFA