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.
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.
