UPDATE: Nampak smooth sailing to the first target at R271.81

W Formation formed on Nampak, and we waited for the break.

Then we got the price above 200MA.

Now it's already over half way towards the first target at R271.81.

Looks good and if one wants to lock in profits by moving the stop loss above breakeven, it's perfectly fine to do so.
ALSIChart PatternsFundamental AnalysisjsenampakpackagingpapersouthafricaTrend Analysis

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