National Peroxide: As anticipated, returned from 4203, instead of its support point at 4190, which could have been an ideal point of entry. Monday if it will touch 4210 or not, I don't know, but short term target is about +20% from here at 4880. My personal opinion.
National peroxide respected 3/1 short term support and started to move up since 10th October. Has crossed 2/1 short term resistance, remains enough bullish to move further up. An optimistic target in this run up will be 6140, which is a meeting point of short term and long term 1/1 ascending angle by probably end November or later.
National Peroxide hold the support at 3916 on Friday. If it does not move up now, it will find support at 3693. And on Moday if it turns bullish, target will be 5560 with intermediate resistance at 4972.
At 16X multiple, the chart is extremely bullish for the 200 day chart. It ha a resistance at 5000 and may consolidate for a couple of days. Those who are holding can be rest assured to get more return in long term
After a good round of consolidation the stock seems ready to move further ahead now, it gave a whipsaw range break earlier and has now able to close above the same suggesting weak hands have been forced to exit. More strength can be incoming in the weeks to come!