NAHCO


After the markdown for the 1-for-7 bonus issuance and N6.25 dividend. Nacho dropped by 22% after adjustments. I do not expect the price to stay there for too long.
Currently, I have cleaned my chart and drawn new lines. Also, it is important to note that when a company conducts a stock split, reverse split, rights issue, private placement, IPO, or stock reconstruction, I always clean my chart to see the adjustments and account for imbalances or areas where gaps could be filled again.
If we do not fill the large gap above, another attractive area to bid for this company is around N176.5-N183.8 per share.
Again, our long-term target for this company is around N500-N1,000 per share
#NFA
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