buys on honeywell flour

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buys on honeywell flour Honeywell Flour Mills PlcNSENG:HONYFLOURsimismohsHoneywell Flour Mills appears to be approaching the final stages of a healthy ABC corrective structure. From my analysis, the stock is trading around a key support area where buyers could begin to regain control. While the recent decline may look concerning, the broader structure suggests this correction could be creating the foundation for the next bullish phase rather than ending the long-term trend. What am I watching? ✅ The ₦14.20–₦17.30 support zone is my primary area of interest. ✅ Price is testing the 61.8% Fibonacci retracement, a level where strong trends often resume. ✅ I want to see the current selling pressure weaken and buyers begin defending this area. ✅ A breakout above the descending trendline would be the first indication that momentum is shifting back to the upside. ✅ A decisive move above ₦30.30 would confirm the next major bullish expansion. If these conditions are met, I believe Honeywell Flour Mills has the potential to recover toward the ₦30–₦37 region over the longer term.