Livestock Feeds has delivered an excellent technical trade from the original entry, just as the animal-feed sector offers long-term growth potential. The next phase, however, depends on whether the company can convert improved profitability and the anticipated ownership transition into sustained operating growth.
Current price range: N14.45
Rating: Sell
Next price projection: N16 and N20
Technical Analysis Tools
In this report, we shall use the following tools and analysis methods:
Elliott’s wave theory to understand the overall market sentiment
Fibonacci tools to determine support and resistance levels
The Relative Strength Index and volume to evaluate the market’s strength
The Money Flow Index to determine the market liquidity
Moving average and MACD to understand the nature of the trend
Top-down analysis to know the best investment position
Elliott wave analysis
Daily chart: Entry point
Originally, Livestock Feeds took off after meeting strong support within the 1.0 Fibonacci level at N6.55. The stock met strong resistance after hitting its first profit target at N10.50. This resistance offered another buy-in opportunity for traders.
Daily chart: Exit point
On October 6, 2026, Livestock technical analysis suggested that traders should watch N12 and N14 as the next profit target. After experiencing pullback at N10.70, the stock continued its bullish rally and hit both profit targets, gaining 66.67% and 99.94% in total. At this level profit-taking is ideal as traders gain about 100% ROI within a week.
Next Buy–In Opportunity
The next buy-in opportunity will be after a pullback with prices projected at N16 and N20. Investors and traders should also watch for a strong markdown phase due to the strong bullish momentum.
