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NNFM
One of my failed calls as NNFM has been abysmal with its result, and we are down by 15%. Again, the flour space is a tiny margin business.
Another piece of bad news for holders is that we have broken below the 50EMA and are now acting as resistance. A few weeks ago, the buyers stepped in from the demand zone of N73.15-N76.4 to push the price slightly above the 50EMA, but failed to continue, and currently, what we are seeing is volume drying up again as the Bulls are losing steeze.
One thing for the bulls is not to lose the demand zone of N73-N76 per share, or we drop to close the gap below around the N60.75-N66.35 per share, which means more trouble for "FOMOMUYIS" and not that gap happened in January 2025
#NFA #SENKOREQUESTSESSION