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Nampak

Nampak about to pack an upper cut punch up to R494.59W 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.
JSE:NPKLong
by Timonrosso
2
Long NAMPAK (NPK) JSE 1H 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 assets to manage short term debt ) - Price/Book Ratio : 0,10 ( They are undervalued because the ratio is below 1 ) Technical Analysis : - JSE:NPK has recently started to move in a upward parallel channel - The support line has a steeper climb than the resistance trendline indicating stronger bullish movement I would recommend to set Take Profit targets at R2,28 Always use Risk Management when entering a trade .
JSE:NPKLong
by OT_Forex
4