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ARADEL Let me tell you a short story. Investors were hyped for ARADEL’s Q3 2026 results. With the run we’d seen in global oil prices, the market expected ARADEL to capitalise on it. Then the company delivered a shocker. A net loss. One line item swallowed the profit. The provision for contingent liabilities. Some investors expected management to come out with a clear plan for handling it. I wasn’t expecting a firm answer while discussions were still ongoing, and that’s exactly what management said. But the market hates uncertainty. Management now needs to show shareholders how it plans to resolve the issue and why the SPDC deal still makes sense for them. I still believe in management’s competence, and I’m still a long-term holder. But I understand why the market wants answers. Now, what do I see on the chart? The sell volume hasn’t been a good sign. I’m watching two levels. 1. ₦1,047–₦1,112/share. I don’t expect ₦1,208.70 to hold, especially with the order book already showing prices below it. That bullish block is where I’d look to start adding to my position. 2. ₦850.10/share. If the institutions still aren’t convinced and that bullish block gives way, the next bus stop is the 2024 yearly high. I don’t expect us to get there, but this is the market. I put all scenarios on the table. If I see that level, I’ll double down. That’s where I’d load up aggressively. I say things the way I see it. #NFA