Mustek, South Africa's leading assembler of personal computers under the Mercer brand, along with importing a range of computer products from renowned brands like Samsung, Acer, and Microsoft, trades significantly below its net asset value (NAV). The company is starting to see benefits from its fiber-to-the-home initiatives, driving additional hardware sales. CEO...
Mustek (MST) is South Africa's largest assembler of personal computers under its brand name Mercer. It also imports a variety of computer products such as Samsung, Acer and Microsoft. The company consistently trades well below its net asset value (NAV). The company is beginning to benefit from its fibre-to-the-home activities and selling additional hardware as a...
W Formation formed and broke above.
We then had some whipsaws (jumps). The volatility of the markets showed that the stop loss needed to be wide and far from the general movements.
This is what keeps you from being shaken out.
Then other indicators showed upside to come including.
7>21 (Bullish)
Price >200 (Green)
RSI>50 (Green)
The target remains at R19.09....
Mustek has formed a W Formation and had broken up and out of the neckline
7>21 (Bullish) and Price >200 SMA (Green)
RSI>50 and plodding nicely up (Green)
Bullish momentum
Target R19.09
GENERAL COMPANY INFO
Mustek operates in the technology and electronics sector and is one of the largest distributors of IT products in South Africa.
The company's product...
