Categories
Forex
Crypto
US Stock
NGX Stock
Gold and Silver
Crude Oil
In November 2024, we introduced our readers to a leading agribusiness company Ellahlakes, the company was initially listed on the Nigerian Exchange Limited (NGX), on January 14 1913, and on 2025 is still in the doldrums. The company remains undervalued at its current price of ₦3.20, there appears to be a bullish Elliot Wave setup in place.
Ellah Lakes Rally May Lark in the Corner
Updated: 5/12/2025 4:15 AM
In November 2024, we introduced our readers to a leading agribusiness company Ellahlakes, the company was initially listed on the Nigerian Exchange Limited (NGX), on January 14 1993, and on 2025 is still in the doldrums. The company remains undervalued at its current price of ₦3.20, there appears to be a bullish Elliot Wave setup in place.
It consists of first completing the wave 2 and then the rally can begin. From the chart above, we can see that Wave1 has been completed, wave B sets up as a triangle leading to further weakness for wave c. Target is N3 region.
You May
Also
Like
As Oando bears stir the ship, provided are two Elliot Wave scenarios in play...
Omatek is a classic case of price rebound in the face of deep financial distress:...
Omatek is a classic case of price rebound in the face of deep financial distress:...
Japaul Gold & Ventures PLC shows strong financial improvement, with significant revenue growth...
Oando is transitioning from acquisition-led growth toward cash flow generation and balance sheet...
Learn More about Elliot Wave Theory
Our Clients Reviews
Read what our clients have to say about their experience with EWNation.
