veritaskap buys Veritas Kapital Assurance PlcNSENG:VERITASKAPsimismohsVeritas Kapital has spent the past few months in a corrective phase, but from my analysis, the stock is approaching a key area where the next major move could begin. The current decline appears to be testing long-term support rather than confirming a breakdown. This is the stage where I pay close attention to price behaviour, because strong reversals often begin when sentiment is at its weakest. What am I watching? ✅ Price is approaching the lower boundary of its descending channel. ✅ The ₦1.30–₦1.60 support zone is my primary area of interest. ✅ I want to see buyers defend this zone with strong bullish reversal candles. ✅ A break above the descending trendline would be the first sign that momentum is shifting back to the upside. ✅ Sustained trading above the 50-day EMA would further strengthen the bullish case. If these conditions are met, I believe Veritas Kapital has the potential to recover toward the ₦2.20 resistance initially, with a longer-term target around ₦3.40–₦3.50 if the breakout gains momentum.