Nampak about to pack an upper cut punch up to R494.59

W Formation has formed on Nampak.
The price has broken up and is showing it's reached a bottom and buyers will start piling in here.
Otehr indicators confirm.
7>21 - Bullish
Price>200 - Bullish and it's the first time in MONTHS since we've seen the bull crossover.
RSI>70
Target 1 will be to R494.59

ABOUT THE COMPANY

Packaging Solutions:
Nampak is a leading provider of packaging solutions in Africa, offering a wide range of packaging products across various industries.

Founded in 1968:
Nampak was founded in 1968 in Johannesburg, South Africa.

Pan-African Presence:
The company operates in several African countries, including South Africa, Nigeria, Angola, Zimbabwe, and more, making it one of the largest packaging companies on the continent.

Diverse Product Range:
Nampak's product portfolio includes metal packaging, glass packaging, paper and board packaging, and plastic packaging.

Metal Packaging:
Nampak produces metal packaging products such as cans, beverage cans, aerosol cans, and metal closures for various consumer goods.

Glass Packaging:
The company manufactures glass containers for beverages, food, and other products.

Paper and Board Packaging:
Nampak provides paper-based packaging solutions, including cartons, folding cartons, and corrugated packaging for various industries.

Plastic Packaging:
The company produces plastic packaging for a wide range of applications, including bottles, containers, and other plastic products.

Sustainability Initiatives:
Nampak has implemented various sustainability initiatives to reduce its environmental impact, such as recycling programs and sustainable packaging solutions.

International Operations:
In addition to its African operations, Nampak also has international operations in the United Kingdom, Ireland, and Europe.