WAPCO (HBM)


We should have a new chart once NGX Group reflects the company's new name, so this current chart will eventually be retired. Until then, the key technical levels remain valid and are worth keeping on your watchlist.
As I've consistently maintained, I remain a buyer of WAPCO below ₦300/share. My first accumulation zone at ₦294.9/share was successfully filled. If the bulls fail to defend this level, I'll be preparing my bazooka for the next major demand zone between ₦221.7 and ₦235.7/share.
From both a technical and fundamental standpoint, WAPCO looks undervalued at current levels. The company's operational efficiency is also likely to improve under its current management. Given the strong emphasis on cost optimization, a hallmark of many Chinese-led industrial operations, I believe WAPCO is well-positioned to enhance margins and create long-term shareholder value.
#NFA #SENKOREQUESTSESSION
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