Reversal Diamond Formation formed on the daily. This is a broadening reversal pattern that forms in the shape of a Diamond. Because the previous trend was up, the Diamond moved sideways and then the price broke down, shows the likelihood of it dropping is bigger. 200>21>7 _ Bearish RSI <30 - Bearish Target R2.25
ABOUT
KAP Industrial Holdings Limited (KAP) (Founded in 2004) is a diversified industrial conglomerate headquartered in Cape Town, South Africa.
It's one of the largest industrial groups in the country which also operates in a range of industries, including logistics, automotive components, timber, chemicals, and more.
Some of the company's well-known brands include Safripol, PG
In 2020, KAP employed over 20,000 people across its various businesses and operations.