This marks our fifth article on Access Corporation (AccessCorp) in the past six months (please use the search function for Accesscorp), reflecting the company’s prominence in Nigeria’s financial landscape. AccessCorp continues to strengthen its position through strategic expansions and innovation.

Accesscorp testing resistance

ACCESSCORP – Wil investors get a second chance

In its recently released Q4 2024 financials, AccessCorp reported a 22% year-over-year increase in gross earnings, driven by its diversified revenue streams across banking, payments, and asset management. The company’s successful acquisition of a fintech platform earlier this year has further solidified its digital banking footprint, positioning it as a leader in financial technology innovation.

Currently trading at ₦27.80, AccessCorp has shown a steady uptrend, gaining 14% year-to-date. Key resistance stands at ₦30.1, with investors optimistic about its continued growth. Our Elliot wave chart supports this optimism and we will see Accesscorp challenge the all time high at 30.1

AccessCorp remains a strong contender in Nigeria’s financial sector, underpinned by strategic acquisitions and a focus on digital transformation.

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From the Elliot wave chart above, Accesscorp is printing a wave B for the 3rd wave of this impulse in what is a triple combination correction. We currently tracking a zigzag which commenced at 20.13 setting the stage for the break of the high at 30.1. Typically, this move ends with triangle.  If this count is correct then our target for Accesscorp will be in the 40-42 region.