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NAMPAK LTDNAMPAK LTDNAMPAK LTD

NAMPAK LTD

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NPK trade ideas

Nampak: 9 Weeks, +73%. Take Profits HereNampak: 9 Weeks, +73%. Take Profits Here - Original Idea Attached (26 July). As I noted at the time: An extract from my research note for Monday, 26 July. Nampak ( NPK , 219c)| NPK trades near the lower boundary of it’s linear regression and in line with it’s 50/61.8% Fibonacci retracement level. Note both the MACD and RSI have developed a bullish divergence . The share is considered higher risk however favoured on a weekly close above 227c, using a stop-loss of 195c. Target range: 275c to 290c. For more insights and real-time ideas, get in touch today.
JSE:NPK
by LD_Perspectives
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
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