Since the last update, the W Formation formed, price broke up. And the buying commenced again. It was a long wait, but now it seems like this paper train is ready to run up. Enough corniness, but we need the momentum to pick up a bit more before the price falls into the range. I'm happy with this analysis and sound risk level. 7>21 - Bullish Price>200 -...
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...
JSE:NPK continue with its downtrend. R1.20, potential support level.
Fundamentals aside, there was a time where JSE:NPK had promising technicals. Bought the stock and it failed to move up, after months of waiting I had to pull the cord. With the benefit of hindsight, that was a good thing to do. The stock is closing the week below R2/share and on the list of 52 week low stocks.
JSE:NPK is South Africa's leading diversified packaging manufacturer. As of basic knowledge due to lockdown regulations economic growth has been slower across the world. JSE:NPK also took a great loss due to this pandemic. Fundamental positives : - Gross Profit Margin : 30,34% ( Relatively Strong ) - Current Ratio : 1,36 ( They have enough current...