NCBA

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NCBANCBA Group PLCNSEKE_DLY:NCBAEquityWhaleNCBA has been a tricky stock to buy in 2025, as the stock price has been making all-time highs, and there are no historical price references. In such a scenario, certain tools can be employed to gain insight into what the future might hold in terms of price action. Fibonacci extension is my tool of choice, and it has served me well in the past. We can see that NCBA is trading at a premium, making it a high-risk stock to purchase at current prices. There is some capital gains potential, but it will be accompanied by high volatility. For NCBA, I will be on the sidelines until we see price retracement to between 55.00 and 65.00. We already bought the stock in 2021 between Kes 25.00 and 30.00, and this allows us to monitor the stock. If you are considering buying NCBA, the chart is self-explanatory; look at support and resistance levels.