FIDELITYBK LONG IDEA

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Fidelitybk stock just broke out of a trendline with a strong candle closing above it. This happened at a support level with the formation of a bullish engulfing candlestick.

You can buy at the current market price. The targets are N22.45 (5.15%) and N24.95 (17.10%).

Confluences for the long idea:
1. The market structure is bullish.
2. Trendline breakout
3. Bullish engulfing candlestick confirmation at a support level.

Disclaimer: This is not a financial advice. The outcome maybe different from the projection. Don't take the signal if you're not willing to accept the risk.

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