NAMPAK SHARES I am looking at NAMPAK shares with every info on my disposal I am pretty bullish on Nampak.
NPK trade ideas
NPK: more upside potential?Breaking above key resistance?
Above 390 supports a bullish trend direction.
Upside price momentum supports the bullish trend.
MACD bullish crossover remains intact.
Concern remains the overextended price action to the uspide.
NPK CUP AND HANDLE FORMATIONCup & handle possibly to form within the next few weeks on NPK, with resistance at red lines as shown (50, 100, 200 MA's). We are looking at a breakout the purple line within the next 6 months (R5.00).
Short term to medium term idea.
Ideas posted are my opinion and not to be regarded as trading advice. Trade with care as this is quite a high risk move, should you invest.
Happy trading.
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.
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Nampak - S/Term Target Exceeded. Possible Re-Rating Underway. Nice move over the week as a result of it's trading update.
Possible fundamental re-rating underway.
Original idea attached, published at the top of last week.
NPKAn 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.
JSE:NPK Increased VolumeIncreased volume is reading NPK for the break out above the yearly pivot point. We observed the underlying strength in the stock - see link below- but the increased volume could indicate the readiness for the stock to start the move.
JSE:NPK Nampak MarkupNampak has formed a long term (on the weekly timeframe) declining wedge that has been broken and the mark up has been started. We have seen above-normal volume on the stock, a break of the base that was formed since early 2020, signs of strength (SoS), backup (BU) to the trading range, markup and now a reaccumulation at the yearly pivot point. The volume indicates that we can expect a next step higher in the markup.
Bull FlagNPK to test resistance at 278
Balance sheet is looking good with current ratio 1.7252 and total assets 16.194B and total Liabilities at 8.309B. Revenue only down 23%
RSI suggests share is oversold.
NPK AGM at 9 Feb 2021, I suggest to buy at close range of support at 201 before this date.
$JSENPK has broken the resistance big up day!$JSENPK has broken the resistance next target above R1.19
#NAMPAK - Building a position here - After the recent surge in price (trade update) , the stock has come back to a level where i would like to accumulate
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
JSE:NPK
NAMPAK - Bazooka 🚀- Massive move on the share yesterday after a trading update.
Investors who were accumulating on the 18th of September (big volume spike) must be smiling!
JSE:NPK
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
