UPDATE Nampak target 2 set to R494 thanks to RegressionNampak 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 R494.75.
Looks good
Packaging
UPDATE: Nampak smooth sailing to the first target at R271.81W 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.
HUHTAMAKILooks Ready for a Multiyear Breakout.
Good Volume Buildup.
Above all Key EMA.
Good for Short Term.
Do Like ,Comment , Follow for regular Updates...
Keep Learning ,Keep Earning...
Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
UPS Confirms Lower High Bearish Consolidation Below Demand LineThe UPS price action has confirmed a Lower High Bearish Consolidation Structure below the macro Demand Line has basically done so via a secondary Head and Shoulders with PPO Confirmation thereby confirming a Bearish BAMM that will likely take us down to the 88.6% retrace at $90
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.
SCGP | Inverted Head & Shoulders | Buy signal - TP 68.50 (+11%)Thailand SET | SCGP | Target Price 68.50 | Resistance 64.00 EMA50 POC VA | Stop Loss 59.00
> Inverted Head & Shoulders showing Buy Signal after recent Smart Money and Banker Chips strong signals
> Main Elliott Wave Position 4 with positive banker chip signal
TGUAN - Demand of plastic packaging productsFoodpanda, grab, takeaway, or anything you could think of.
Adapting well to the new normal, focus on improving sales and margins for existing products (i.e. stretch film), and aims to target more export markets.
It is also concentrating on continued expansion into higher-margin production lines to sustain the plastic segment’s margins going forward.
Revenue for the nine months was up 11.97% at RM586.43 million from RM523.76 million in the corresponding nine months last financial year.
It's good to have at this price level with a good risk and reward ratio. :)
Buy Long: Silgan - Consumer Cyclical Packaging ContainersBuy Long: Silgan Holdings Inc - Ticker: SLGN - Sector: Consumer Cyclical Industry: Packaging & Containers
Go to the Invest2Success Advisory Page and Also for USA Asia Financial Forecasts
Buy Entry: 33.43 to 34.49
Stop-Loss: Available to Subscribers
Take Profit Price Targets: Available to Subscribers
NASDAQ:SLGN
NYSE:BLL
NYSE:ATR
NYSE:CCK
NYSE:SEE
NYSE:AMCR
$SLGN #SilganHoldings $BLL #ballcorp $ATR #aptargroup $CCK #crownholdings $SEE #SealedAir $AMCR #amcor #coronavirus #stocks #stockmarket #wallstreet #nyse #sp500 #nasdaq #investing #investors #trading #traders #markets #speculating #technology #finance
Silgan Holdings $SLGN#SilganHoldings broke the pivot resistance since April 2017. It has been gaining for 5 weeks with super volume. It may continue to rise till RSI hit the trend and pull back.
BillerudKorsnas (BILL) | Promising Buying Area!Hi,
BillerudKorsnäs AB (publ) provides fiber-based packaging materials and packaging solutions in Sweden and internationally. It operates through Packaging Paper, Consumer Board, and Corrugated Solutions segments. The Packaging Paper segment offers kraft and sack paper for industrial, medical equipment, and consumer sectors; and pulp.
BillerudKorsnäs have started to approach a pretty promising area. Fundamentally and in the numbers world, it looks pretty decent and technically, as said, starting to enter into the buying zone.
As we should already know, perfect trade and a perfect investment consist of good fundamentals and it also needs to fit with technical analysis.
Considering technical analysis, I can give you a green light to buy it from the marked buying-box but the second green light has to come after you have made your own research if you get it then you are ready to GO!
Buying-zone consists of:
1) 2004 and 2006 clean resistances becomes support level, plus nice breakout candle in 2013! It shows that the area is powerful and it increases the odds that this price zone may start to act as support level!
2) Fibonacci retracement 62%
3) Monthly EMA200
4) Channel projection - lower projected trendline should act as a support level.
5) AB=CD
6) 50% club!
7) Fibonacci Extensions acting as support levels.
Long-term investors can start to add their positions around 75.
Mid, short-term traders/investors should wait for 70, at least!
As said, do your own fundamental research and if this matching with my technical analysis viewpoints then you are ready to go! If it doesn't match then...SKIP IT!!
Regards,
Vaido
Mondi Still Has More Downside To ComeMondi is a global leader in packaging and paper, delighting its customers and consumers with innovative and sustainable packaging and paper solutions. Mondi is fully integrated across the packaging and paper value chain - from managing forests and producing pulp, paper and plastic films, to developing and manufacturing effective industrial and consumer packaging solutions. Sustainability is embedded in everything Mondi does. In 2017, Mondi had revenues of EUR7.10 billion and underlying EBITDA of EUR1.44 billion. Mondi has a dual listed company structure, with a primary listing on the JSE Ltd. for Mondi Ltd. under the ticker MND, and a premium listing on the London Stock Exchange for Mondi plc, under the ticker MNDI. Mondi is a FTSE 100 constituent, and has been included in the FTSE4Good Index Series since 2008 and the FTSE/JSE Responsible Investment Index Series since 2007.
Technicals
The structure indicated on the chart above has broken to the downside. I expect further downside with possible reversal points at the 38.2%, 50% and 61.8% Fib retracement levels.
I will be looking at lower time frames for a confirmation structure in order to enter the short.
Happy trading!
Linton
Food packaging FFHLAlready beaten up FFHL makes oriented polyester film for food packaging and metalized packaging for boxboard markets.
Watch near $2 for movement using 2 time frames. Recent volumes shows some heavy buying.
Graphic Packaging Holding Company - $GPK - Quick Dip SwingWatching $GPK for significant increase after the $0.02 ER miss. I'm considering the dip qualified since it holds far below the 255 day linear regression 1x stddev bar.
Their Revenue was in-line and the miss on earnings was rather small. I'm looking for a push up to at least my Price Target of $14.80.
I purchased $15 6/15 calls on 5/14 and expect to sell at my PT.
I don't expect major catalysts / news from these guys, I'm just looking to swoop this dip with a little bit of leverage.