House of Representatives Calls on CEOs of Access, Zenith, and GTBank Regarding Unauthorized Account Deductions
Investigation into Bank Practices: The House of Representatives has summoned the CEOs of GTBank, Zenith Bank, and Access Bank to address allegations of unauthorized deductions from customers' accounts, particularly affecting civil servants and public employees.
Commitment to Accountability: The committee, led by Kelechi Nwogu, insists on the personal appearance of bank CEOs to ensure transparency and accountability, emphasizing that any non-compliance could result in sanctions.
Deadline for Compliance: The banks have been given a four-day ultimatum to submit necessary documents, with the next meeting scheduled for Wednesday, highlighting the urgency of the investigation.
Impact on Customers and Banks: This investigation aims to clarify the legality of the deductions for customers while pressuring banks to demonstrate compliance and rebuild trust to avoid penalties.
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Technical Analysis for ORDER
Technical Sentiment Analysis for Orderly Network (ORDER) As of , Orderly Network (ORDER) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ORDER stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ORDER is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Orderly Network (ORDER) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0146 | 0.0315 | 0.046 | 0.0628 | 0.0773 | 0.0942 | 0.109 |
| Fibonacci | 0.0315 | 0.0435 | 0.0508 | 0.0628 | 0.0748 | 0.0822 | 0.0942 |
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