UPDATE Nampak target 2 set to R494 thanks to Regression

26 thg 7

Nampak W Formation broke above the neckline and rallied in a few short days to the first target at R271.81.

Now there is no breakout pattern emerged but there is a Regression channel showing a trend. With an uptrend line.

Below the uptrend line is the safety like which means, we can expect the price to continue up for now until it hits the target at R494.75.

Looks good