Eterna - Setup 100 days in the making - EW Nation

Eterna – Setup 100 days in the making

August 3, 2025

Members, Nigeria, Stock

Eterna Plc has executed a major recovery—from loss-making to profitable—with revenue growth and a clearer strategic orientation. However, the turnaround is fragile due to margin pressures and heavy fuel reliance. Key success hinges on sustained forex stability, cost control, and strategic expansion into lubricants, LPG, and aviation fueling.

Eterna – Setup 100 days in the making

Updated: 8/3/2025 6:14 AM

Bottom Line: Looking for wave (ii) correction

(Last Price 37.5): Lacking any evidence of aturn higher, such as a five-wave advance, there is scope for lower in wave (ii) towards 35.7 – 39.1, the 61.8% retracement levels of wave a. Trading above wave b extreme at 42.5, will suggest the trend has turned higher.

(Last Price 6.9):

Join Premium Weekly & Get Unlimited Access

You May Also Like

Oando August 5th update

Oando August 5th update

August 5, 2025 Members,Nigeria,Stock 4H,Premium

Oando PLC - August 5th Update...

Lasaco Pullback Imminent

Lasaco Pullback Imminent

August 5, 2025 Members,Nigeria,Non-Members,Stock

Lasaco Assurance remains a fundamentally sound mid-tier insurer showing clear revenue and capital...

Adagene Needs A Healthy Pullback

Adagene Needs A Healthy Pullback

August 5, 2025 Members,Non-Members,Stock,US Stock

Adagene is a clinical-stage biopharma firm developing antibody-based immunotherapies with...

Abercrombie Can Possibly Surge

Abercrombie Can Possibly Surge

August 4, 2025 Members,Stock,US Stock 4H,Premium

Abercrombie & Fitch continues to deliver strong topline growth and brand momentum, particularly via...

Coya – Are Bulls in Waiting

Coya – Are Bulls in Waiting

August 4, 2025 Members,Stock,US Stock 4H,Premium

Coya Therapeutics (Nasdaq: COYA) represents a high-risk, high-reward biotech play: minimal revenue...

WilliamsonTea Bulls Teaming Up

WilliamsonTea Bulls Teaming Up

August 3, 2025 Kenya,Members,Stock 4H,Premium

Williamson Tea Kenya (NSE: WTK) has reported a significant earnings downturn, driven by weaker...

Learn More about Elliot Wave Theory

Our Clients Reviews

Read what our clients have to say about their experience with EWNation.

Nelly Uchegbu Financial Analyst

I love the flexibility of EWNation's membership options. It caters perfectly to my trading needs, whether I'm exploring new strategies.

Ken Alabi Day Trader and Market Enthusiast

The user-friendly tools at EWNation have made tracking market trends effortless. It's become an essential part of my trading toolkit

Tony Siokor Investment Advisor

Secure and reliable, EWNation provides a safe environment for managing my trading activities. I feel confident knowing my data is protected.

document.addEventListener('DOMContentLoaded', function() { const toggle = document.getElementById('columnToggle'); const columns = document.querySelectorAll('[data-hide-column="true"]'); if (toggle && columns.length > 0) { // Load saved preference const isHidden = localStorage.getItem('columnHidden') === 'true'; toggle.checked = isHidden; updateColumnVisibility(isHidden); // Add toggle event toggle.addEventListener('change', function() { const shouldHide = this.checked; localStorage.setItem('columnHidden', shouldHide); updateColumnVisibility(shouldHide); }); function updateColumnVisibility(hide) { columns.forEach(column => { column.style.display = hide ? 'none' : ''; column.style.opacity = hide ? '0' : '1'; column.style.transition = 'opacity 0.3s ease'; }); // Update label text const label = document.querySelector('.toggle-label'); if (label) { label.textContent = hide ? 'Show Sidebar' : 'Hide Sidebar'; } } } });