KoosKanmar

$JSEKAP KAP Industrial Holdings. First target and consolidation

JSE:KAP   KAP LIMITED
After KAP broke the inverted head and shoulders neckline around the 342 level, it retested the breakout level and then moved up to reach the first target of 439 before it pulled back into what could end up as a bull flag. The flag still needs to be confirmed as it still forming. Watch this consolidation pattern carefully, as a 425 break could indicate that the next target of 500 could be in range.

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