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Foxxymobile Street Insider | REGALINS Bounce
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46 days agoFoxxymobile Street Insider | REGALINS Bounce
Winners vs Losers
Winner: REGALINS traders who spotted the NGX suspension lift early.
Stock ran ₦1.30 → ₦1.66 in 10 trading days (+27%).
Volume didn’t just grow — it erupted: from 1.8M (Aug 28) to 20.1M (Sep 12).
Suspended tape → free tape. Liquidity attracts liquidity.
Loser: Anyone who panicked out in August before the filings cleared. NGX’s “no filing, no trading” rule had them stuck — and sidelined for the rally.
Street Whisper
Ask-bid wall: 71M units still sitting heavy.
But demand is biting: 20M chewed through last Friday alone (Sep 12).
Tape action: ₦1.66 locked all day (high = low = close). That’s accumulation behavior, not random chop.
Foxxymobile Playbook
1. Initial Buy: Scale in small @ ₦1.66. Momentum is live.
2. Breakout Add: Only double down if ₦1.70–₦1.72 breaks with 20M+ volume. That’s the “all clear” signal.
3. Pullback Reload: If sellers defend the wall, watch ₦1.45–₦1.50 for discounted re-entry.
Foxxymobile Take
Regulatory overhang cleared (filings done, suspension lifted).
Momentum confirmed (price + volume rising in sync).
Upside next stop: ₦1.83 52-week high.
Bottom line: REGALINS just went from dead tape to market buzz. The street is watching if ₦1.66 holds as a floor — or if the big wall cracks into a breakout.