Novus (NVS) is South Africa's largest printing company with 11 printing plants. Until recently, it had the monopoly contract to do all of Media24's printing. With effect from 1-4-18, that contract was reduced to roughly 58% of Media24's printing and the price paid by Media24 for printing was also reduced. The company appointed a new CEO, Neil Birch, who has...
Novus (NVS) is South Africa's largest printing company with 11 printing plants. Until recently, it had the monopoly contract to do all of Media24's printing. With effect from 1-4-18, that contract was reduced to roughly 58% of Media24's printing and the price paid by Media24 for printing was also reduced. The company appointed a new CEO, Neil Birch, who has...
Buying signal triggered close to trendline on weekly chart. Stochastic on monthly chart oversold and crossing over. Stochastic on daily chart in oversold territory. Signal triggered due to cross of short term ema's.
Not a very liquid stock but market clearly liking the recent sens release..
Broken out on volume , lots of room to move above.
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Disclaimer: All ideas are my opinion and should not be taken as financial advice.
