Montauk Holdings Analysis (Requested)
Montauk share price has risen 300% since mid September 2020. Peaking at a high of R160 and breaking its previous high(some years back) of around R105. Energy stocks having been doing quite well in the US, but as i havnt really heavily researched on this company, im not sure what has caused the recent rally. Previous jump has caused a gap and if we consider the previous gap forming leaps on this stock, we see a sharp retrace. Chances are it might continue to drop to close this gap, but since it has dipped already and sitting at the edge of the gap, this does seem a good spot to partially buy in.
This is a face value analysis as i havnt really read into the company details.
This is a face value analysis as i havnt really read into the company details.
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