Nampak W Formation broke above the neckline and rallied in a few short days to the first target at R271.81. Now there is no breakout pattern emerged but there is a Regression channel showing a trend. With an uptrend line. Below the uptrend line is the safety like which means, we can expect the price to continue up for now until it hits the target at...
Nampak shot up a LOT faster than I ever imagined. And it destroyed the first target at R271.81. Problem is the uptrend is extremely steep which can signal flat panic amongst the buyers. I would now wait for a 50% pull back from the most recent low and high to about R243 and then some consolidation before it runs up again. It's still very bullish but there...
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.
W Formation has confirmed and formed after the announcement they are leaving Nigeria. This pumped up the price over 17% in a day. However, high volatility is always a risky biscuit and big candles normally results in the counter candle. So I'd wait for the price to break ABOVE the W Formation and for the price to break above the 200MA. Then the nature will...
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...