Peet_Serfontein

NPK: more downside potential?

Short
JSE:NPK   NAMPAK LTD
Below 396 supports a bearish trend.
RSI leaves enough room for the price action to reach lower levels.
Trend strength indicates a trend that is gaining strength. This might support the bearish trend.
200-day simple moving average might major support.
Would like to see downside price momentum supporting the bearish bias.
Remains a low capital allocation trade.




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