Jaiz Bank Plc has been in a short-term contracting triangle pattern since early Dec-2019. We believe that we touched it’s tip @ N0.65 dd. 23/1/2020. Thus, we expect a bullish outthrust to a target resistance range btw N0.80 – N0.82 in the coming trading days.
Immediately, we recommend ”buy” on Jaiz Bank Plc. Jaiz Bank Plc is considered the prime Islamic infrastructure bank in Nigeria.