Timonrosso

Nampak huge upside to come after announcement to R271.81

Long
JSE:NPK   NAMPAK LTD
W Formation has confirmed and formed after the announcement they are leaving Nigeria.

This pumped up the price over 17% in a day.

However, high volatility is always a risky biscuit and big candles normally results in the counter candle.

So I'd wait for the price to break ABOVE the W Formation and for the price to break above the 200MA.

Then the nature will be HPT and the target will be around R271.81

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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